MergerJun 24, 2026, 04:47 PM
Alpha Star Shareholders Approve Business Combination with Xdata Group
AI Summary
Alpha Star Acquisition Corp. shareholders overwhelmingly approved all proposals at its Extraordinary General Meeting on June 24, 2026. Key approvals include the business combination agreement with Xdata Group, the reincorporation merger, Nasdaq listing, governance changes, an incentive plan, and the appointment of five directors. With 99.36% of shares represented, the company plans to close the business combination as soon as possible, with only 46 shares tendered for redemption.
Key Highlights
- Shareholders approved the Business Combination Agreement with Xdata Group.
- Shareholders approved the Reincorporation Merger into PubCo.
- Shareholders approved the Nasdaq Listing Proposal for the combined entity.
- Shareholders approved the Governance Proposal, including renaming PubCo to Xdata Group.
- Shareholders approved the Incentive Plan for PubCo.
- Shareholders approved the appointment of five directors for PubCo.
- 99.36% of Alpha Star's outstanding ordinary shares were represented at the meeting.
- Only 46 ordinary shares were tendered for redemption.
Price Impact
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