Alpha star acquisition corporation enters into definitive business combination agreement with xdata

New york, ny, sept. 13, 2024 (globe newswire) -- alpha star acquisition corporation (nasdaq: alsa) (“alpha star” or “alsa”), a special purpose acquisition company, today announced the execution of a business combination agreement on september 12, 2024 (the “business combination agreement”), pursuant to which alpha star will undergo a business combination with ou xdata group (“xdata”), an estonia-based financial technology solutions company. the transaction has been approved by the boards of directors of alpha star and xdata and is expected to be consummated in late 2024. the closing of the transaction is subject to regulatory approval, approval by the shareholders of alpha star and xdata and the satisfaction of certain other customary closing conditions.
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