Alpha Star Acquisition CORP
Market Movers (8-K)
Alpha Star Acquisition Corporation shareholders have voted to approve the business combination with Xdata Group.
Alpha Star Acquisition Corporation entered into a $500,000 non-interest-bearing loan agreement with its sponsor, A-Star Management Corp., to cover transaction costs and an extension fee.
Delay expected
Capital raise
Alpha Star Acquisition Corporation shareholders approved an extension to December 15, 2026, to complete a business combination.
Capital raise
Delay expected
Alpha Star Acquisition Corporation has amended its underwriting agreement, reducing the deferred underwriting commission by $1.925 million to $950,000 ahead of its business combination with OU XDATA GROUP.
Better than expected
Alpha Star Acquisition Corporation shareholders have approved amendments to extend the deadline for completing a business combination and liquidating its trust account until December 15, 2025.
Delay expected
Capital raise
Alpha Star Acquisition Corporation announces shareholder approval of its business combination agreement with Xdata Group at an Extraordinary General Meeting held on May 2, 2025.
Quarterly Earnings (10-Q)
Alpha Star Acquisition Corporation reported a net loss for Q1 2026, continued its efforts towards a business combination with OU XDATA GROUP, and disclosed substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
Alpha Star Acquisition Corporation reports significant net losses and a worsening working capital deficit as it races to complete its business combination with OU XDATA GROUP by December 2025, following its Nasdaq delisting.
Worse than expected
Delay expected
Capital raise
Alpha Star Acquisition Corporation reported a net loss for Q2 2025, with significant redemptions depleting its trust account and raising substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
10-Q: Alpha Star Acquisition Corporation Faces Liquidity Concerns Despite Business Combination Approval
Alpha Star Acquisition Corporation reports a net loss for Q1 2025 and expresses substantial doubt about its ability to continue as a going concern due to liquidity issues, despite shareholder approval for a business combination.
Worse than expected
Capital raise
Delay expected
10-Q: Alpha Star Acquisition Corporation Reports Net Loss for Q3 2024 Amidst Business Combination Efforts
Alpha Star Acquisition Corporation reported a net loss of $139,268 for the third quarter of 2024, while progressing towards a business combination.
Worse than expected
Delay expected
Capital raise
Alpha Star Acquisition Corporation reports a net income of $738,105 for the three months ended June 30, 2024, and extends the deadline for consummating a business combination to December 15, 2024.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
Alpha Star Acquisition Corporation reports a significant working capital deficit and going concern doubt as its merger with OU XDATA GROUP remains unconsummated and it navigates post-Nasdaq delisting challenges.
Worse than expected
Capital raise
Delay expected
10-K: Alpha Star Acquisition Corporation Faces Delisting, Pursues Business Combination with OU XDATA GROUP
Alpha Star Acquisition Corporation's Form 10-K reveals ongoing efforts to finalize a business combination with OU XDATA GROUP amidst challenges including a Nasdaq delisting notice and working capital deficit.
Worse than expected
Delay expected
Alpha Star Acquisition Corporation's 10-K filing reveals challenges in completing a business combination by the September 15, 2024 deadline, raising concerns about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
Alpha Star Acquisition Corporation has filed an amendment to its annual report to restate its financial statements for 2022 and 2021 due to misclassifications of assets and liabilities.
Worse than expected
Alpha Star Acquisition Corporation has filed an amendment to its 2021 annual report to restate financial statements due to misclassification of trust account funds and deferred underwriting commissions.
Worse than expected
Insider Trading (Form 4)
425: XData Group to List on Nasdaq After $180 Million SPAC Deal with Alpha Star Acquisition Corporation
XData Group, a B2B software development company focused on the European banking sector, is set to go public on Nasdaq through a $180 million merger with Alpha Star Acquisition Corporation.
Alpha Star Acquisition Corporation will merge with OU XDATA GROUP, an Estonia-based fintech company, with the transaction expected to close in late 2024.
Proxy Statements (Def-14A)
Alpha Star Acquisition Corporation announced its intention to merge with Xdata Group, a fintech solutions provider, in a deal valued at $180 million.
Delay expected
Alpha Star Acquisition Corporation calls an extraordinary general meeting to vote on extending its business combination deadline to December 15, 2026, to finalize its merger with XDATA.
Delay expected
Worse than expected
Capital raise
Alpha Star Acquisition Corporation is seeking shareholder approval to extend its business combination deadline to December 15, 2025, to finalize its merger with XDATA, facing liquidation if the extension is not granted.
Worse than expected
Delay expected
Capital raise
Alpha Star Acquisition Corporation is seeking shareholder approval for its business combination with XDATA Group, a fintech company, at an extraordinary general meeting on May 2, 2025.
Delay expected
Worse than expected
Alpha Star Acquisition Corporation is seeking shareholder approval to amend its trust agreement and charter to extend the deadline for completing a business combination to December 15, 2024, and reduce extension fees.
Schedule 13G - Passive Investments
Clear Street LLC has filed an amendment to its Schedule 13G, terminating its reporting obligation for Alpha Star Acquisition Corp. common stock as its beneficial ownership no longer meets the 5% threshold.
Clear Street LLC has reported beneficial ownership of 1,326,871 shares, representing 41.1% of the outstanding common stock of Alpha Star Acquisition Corp.
Walleye Capital LLC has filed an amended Schedule 13G, indicating a complete divestment of its beneficial ownership in Alpha Star Acquisition Corporation's Ordinary Shares.
Worse than expected