Alpha Star Slashes Underwriting Fee in OU XDATA Deal Update
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Alpha Star Acquisition Corporation has revised its agreement with OU XDATA GROUP, reducing the deferred underwriting commission to Ladenburg Thalmann from $2,875,500 to $950,000, payable in cash at closing. This change is due to shareholder redemption levels and trust account balances. If Alpha Star fails to pay, OU XDATA GROUP will cover the commission at closing.
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