- CEO
- Zhe Zhang
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 80 Broad Street New York City NY United States of America 10004
- Business
- Alpha Star Acquisition Corporation, a blank-check company sponsored by Alpha Star Capital, seeks to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, focusing primarily on targets in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia; it holds cash in a trust account for deployment in such transactions and offers no other products or services. Incorporated in 2021 and headquartered at 100 Church Street, 8th Floor, New York, NY, the Cayman Islands exempted company targets high-growth opportunities in the specified Asian industries while maintaining a lean operational structure with no current revenue-generating activities. In recent developments, it entered a Business Combination Agreement on September 12, 2024, with OU XDATA GROUP, an Estonia-based entity, and its sole shareholder Roman Eloshvili, involving a reincorporation merger into a Cayman public company followed by a share exchange to make XDATA a wholly-owned subsidiary; shareholders approved the transaction and charter extensions on May 2, 2025, and June 12, 2025, respectively, pushing the completion deadline to December 15, 2025, amid significant prior redemptions leaving approximately 22,664 public shares outstanding; the company amended the agreement via a supplemental pact on December 15, 2024, reduced deferred underwriting commissions in October 2025, and in November 2025 sought shareholder approval at a December 11 meeting to further extend the business combination deadline to December 15, 2026, through monthly $35,000 sponsor contributions to the trust, which held about $666,445 as of September 30, 2025.