New York, NY, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation. (NASDAQ:ALSA) (the "Company") announced that it has received a letter (the "Letter") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is currently not in compliance with the minimum Market Value of Listed Securities ("MVLS") set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq Global Market (the "MVLS Requirement"). Nasdaq Listing Rule 5450(b)(2)(A) requires companies to maintain a minimum MVLS of US$50,000,000 and Nasdaq Listing Rule 5810(c)(3)(C) provides that a failure to meet the MVLS requirement exists if the deficienc

New York, NY, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation (NASDAQ:ALSA) ("Alpha Star" or "ALSA"), a special purpose acquisition company, today announced the execution of a business combination agreement on September 12, 2024 (the "Business Combination Agreement"), pursuant to which Alpha Star will undergo a business combination with OU XDATA GROUP ("XDATA"), an Estonia-based financial technology solutions company. The transaction has been approved by the boards of directors of Alpha Star and XDATA and is expected to be consummated in late 2024. The closing of the transaction is subject to regulatory approval, approval by the shareholders of Alpha Star and XDATA an

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation, a Cayman Islands exempted company (NASDAQ:ALSA) (the "Company" or "Alpha Star") announced today that it has entered into a letter of intent (LOI) with XDATA GROUP OÜ ("Xdata"), an Estonia-based financial technology solutions company on June 19, 2024. Xdata provides a range of specialized products, including an Internet Banking Suite, Mobile Banking Apps for banks and EMIs, and a comprehensive CRM solution. Xdata is also excited to announce the launch of its new product, ComplyControl, designed to enhance client satisfaction. Key features include advanced analytics powered by AI and machine learning for bette

New York, NY, June 06, 2024 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation. (NASDAQ:ALSA) (the "Company") announced that it has received a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Form 10-K for the period ended December 31, 2023 and its Form 10-Q for the period ended March 31, 2024, the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's shares on Nasdaq. However, if

NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation (the "Company" or "Alpha Star") (NASDAQ:ALSA) (the "Company") today announced that the Company has deposited into the Company's trust account (the "Trust Account") an aggregate of $383,333, representing $0.033 per public share of the Company, in order to extend the period of time the Company has to consummate a business combination by one month to November 15, 2022. The Sponsor plans to extend such period of time additional ten times to complete its initial business combination as necessary, each by an additional one months, up to September 15, 2023, by depositing an additional $383,333 into the Trust Account e

NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation (the "Company" or "Alpha Star") (NASDAQ:ALSA) (the "Company") today announced that the Company has deposited into the Company's trust account (the "Trust Account") an aggregate of $383,333, representing $0.033 per public share of the Company, in order to extend the period of time the Company has to consummate a business combination by one month to October 15, 2022. About Alpha Star Acquisition Corporation The Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganizat

NEW YORK, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation (the "Company") today announced that it has entered into a non-binding letter of intent ("LOI") for a business combination with Cyclebit Group (the "Cyclebit"). Founded in 2012, Cyclebit is a global payments and SaaS provider. Its core products include card acquiring, point-of-sale (POS) services and marketplace solutions. Under the terms of the LOI, the Company and Cyclebit would become a combined entity, with the Cyclebit's existing equityholders rolling 100% of their equity into the combined public company. The Company expects to announce additional details regarding the proposed business combination when a