Alpha Star Acquisition Corporation
ALSAR
NASDAQ Global Market0.03
USD
+0.03
- -
CIK
0001865111
ISIN
KYG0230C1327
CUSIP
G0230C132
Return %
Stock
S&P500
1Y
- -
26.84
3Y
-74.92
77.03
5Y
-89.97
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Zhe Zhang
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 80 Broad Street New York City NY United States of America 10004
- CIK
- 0001865111
- Similar Companies
- Business
- Alpha Star Acquisition Corporation (NASDAQ:ALSAR) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on sectors including clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education, primarily in Asia. Incorporated in 2021 and headquartered at 100 Church Street, 8th Floor, New York, New York, the company has not commenced significant operations or generated revenues. In September 2024, Alpha Star entered into a definitive business combination agreement with OU XDATA GROUP, an Estonia-based B2B software development firm specializing in banking solutions such as front-end and back-end app development, custom software, UX/UI design, prototype and MVP testing, compliance and anti-money laundering technology with AI integration for KYC checks, fraud detection, and regulatory adherence; the transaction, valued at $180 million, received unanimous board approval from both parties, shareholder approval on May 2, 2025, and involves Alpha Star merging into a Cayman Islands exempted company (PubCo) that will make XDATA a wholly owned subsidiary trading on Nasdaq under a planned new name, Xdata Group, with closing subject to regulatory clearances and other conditions. Recent developments include multiple extensions of its business combination deadline, the latest approved in June 2025 to December 15, 2025 with options for further one-month extensions funded by $35,000 monthly sponsor deposits into its trust account, alongside Nasdaq delisting notices for failure to complete the initial combination by December 2024 and amendments reducing deferred underwriting commissions.