Alpha Star Acquisition Corporation Enters Into Definitive Business Combination Agreement With XDATA, Expected To Be Consummated In Late 2024
Portfolio Pulse from Benzinga Newsdesk
Alpha Star Acquisition Corporation (NASDAQ:ALSA) has announced a business combination agreement with XDATA, an Estonia-based fintech company. The transaction, expected to close in late 2024, involves the creation of a new publicly traded company, PubCo, on Nasdaq.
September 13, 2024 | 1:02 pm
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Alpha Star Acquisition Corporation has entered into a business combination agreement with XDATA, which will result in the formation of a new publicly traded company, PubCo, on Nasdaq. The deal is expected to close in late 2024, pending regulatory and shareholder approvals.
The announcement of a business combination with XDATA is a significant development for ALSA, as it will lead to the creation of a new publicly traded entity, PubCo. This could potentially increase investor interest and impact ALSA's stock positively in the short term, especially as the deal progresses towards completion.
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