Alpha Star Acquisition Corp 8-K

What Happened
Alpha Star Acquisition Corp (ALSAF) announced that its shareholders approved the Business Combination Agreement and related transactions with PubCo (to be named Xdata Group) and OU XDATA GROUP at an Extraordinary General Meeting held June 24, 2026. A total of 3,206,449 ordinary shares were present or represented (99.36% of outstanding shares as of the May 27, 2026 record date), constituting a quorum. Key proposals approved included the Business Combination, the Reincorporation Merger, issuance of securities to satisfy Nasdaq rules, adoption of PubCo’s amended charter and new name “Xdata Group,” adoption of an incentive plan, and appointment of five directors. Forty-six ordinary shares were tendered for redemption. The company said it plans to close the Business Combination as soon as possible.

Key Details

• Extraordinary General Meeting date: June 24, 2026; record date: May 27, 2026; shares present/represented: 3,206,449 (99.36% of outstanding).
• Business Combination Proposal vote: 3,205,004 For, 0 Against, 0 Abstain, 1,445 Broker Non‑Vote.
• Governance (name/charter) Proposal: 3,206,449 For, 0 Against, 0 Abstain, 0 Broker Non‑Vote.
• Director appointments approved (effective on closing): Roman Eloshvili, Panagiotis Georgiou, Patrick Swint, Cataldo Castagna, Ariel Sergio Davidoff (each: 3,205,004 For; 1,445 Broker Non‑Vote).
• 46 ordinary shares were tendered for redemption; company expects to close the Business Combination soon.

Why It Matters
Shareholder approval clears the key corporate and governance steps needed for Alpha Star to complete the planned merger/reincorporation and for the surviving public entity to be named Xdata Group. For investors, this means the transaction can move toward closing, new board members will take office at closing, an incentive plan for the combined company was approved, and the company obtained shareholder authorization to issue securities consistent with Nasdaq listing rules. The filing does not disclose financial terms or a closing date; retail investors should watch for a closing announcement and any proxy or SEC filings that disclose the deal’s economic impact and listing status.