Core Insights - Alpha Star Acquisition Corporation has entered into a letter of intent with XDATA GROUP OÜ, a financial technology solutions company based in Estonia, on June 19, 2024 [1][3] - The partnership aims to enhance Xdata's access to capital and facilitate its move towards a Nasdaq listing, promoting growth and innovation in the financial technology sector [3] Company Overview - Alpha Star Acquisition Corporation is a blank check company established in the Cayman Islands, focused on mergers, share exchanges, asset acquisitions, and similar business combinations [4] - XDATA GROUP OÜ specializes in financial technology solutions, offering products such as an Internet Banking Suite, Mobile Banking Apps, and a comprehensive CRM solution [5] Product Highlights - Xdata has launched a new product called ComplyControl, which features advanced analytics powered by AI and machine learning, real-time monitoring, and customizable screening options [2] - The product aims to enhance client satisfaction by providing tailored solutions and seamless integration with existing systems [2]
Alpha Star Acquisition Corporation Signs Letter of Intent for a Business Combination