Alpha Star Acquisition ( (ALSAF) ) has provided an update.

At an extraordinary general meeting held on June 24, 2026, shareholders of Alpha Star Acquisition Corporation overwhelmingly approved a slate of proposals enabling its planned business combination with Cayman Islands-based Xdata Group and Estonian entity OU XDATA GROUP, with 99.36% of outstanding shares represented and only 46 shares tendered for redemption. Investors backed the reincorporation merger into PubCo, Nasdaq-related share issuances, new governance documents including a rebrand to Xdata Group, an incentive plan, and the appointment of five directors, paving the way for PubCo to become the new listed holding company and to close the transaction as soon as practicable.

All resolutions, including the core business combination and merger plans, passed without opposition or abstentions, indicating strong shareholder alignment behind the deal and the company’s strategic shift toward the XDATA platform. With minimal redemptions and full support for the new board and incentive structure, the combined entity appears positioned for a smoother transition to public trading under the Xdata Group name, potentially enhancing its profile and capital access in the market.