With all shareholder approvals secured and minimal redemptions, the path is clear for closing the business combination with XDATA Group. Traders should monitor for the closing announcement and subsequent Nasdaq listing under the new name Xdata Group, which could drive a re-rating of the stock.
Price Chart
Executive Summary
Alpha Star Acquisition Corp shareholders approved all seven proposals at the June 24, 2026 extraordinary general meeting, including the business combination with XDATA Group, reincorporation merger, Nasdaq listing, governance changes, incentive plan, director appointments, and adjournment. Only 46 ordinary shares were tendered for redemption, indicating minimal shareholder pushback. The company plans to close the business combination as soon as possible.
Key Facts
- All seven proposals were approved by shareholders at the June 24, 2026 extraordinary general meeting.
- 3,206,449 ordinary shares were present, representing 99.36% of outstanding shares as of May 27, 2026 record date.
- Only 46 ordinary shares were tendered for redemption, a negligible amount.
- The business combination involves Alpha Star merging with PubCo (Xdata Group), which will then acquire 100% of XDATA shares.
- Five directors were appointed effective upon closing: Roman Eloshvili, Panagiotis Georgiou, Patrick Swint, Cataldo Castagna, and Ariel Sergio Davidoff.
- The company plans to close the business combination as soon as possible.
Financial Impact
Negligible redemption of only 46 shares out of ~3.2M outstanding; no financial figures for the deal value or post-combination entity were disclosed in this filing.
Risk Factors
- Closing may be delayed by regulatory or other conditions not disclosed in this filing.
- Post-combination entity's financial performance and market reception are unknown.
- OTC-traded securities may face liquidity constraints.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-029938 |
| Document: 0001493152-26-029938-index-headers.html | 0001493152-26-029938 |
| Document: 0001493152-26-029938-index.html | 0001493152-26-029938 |
| Document: 0001493152-26-029938.txt | 0001493152-26-029938 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 8-K | $15.40 | awaiting T+60 | — | $2.26 (−85.32%) |
Sep 21, 2026 5w ago | DEF 14A | $15.40 | awaiting T+60 | — | $2.26 (−85.32%) |
Jun 24, 2026 17w ago | 8-K | $15.40 $15.40 | · 0.00% | ▼ −3.85% | $2.26 (−85.32%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers