Alpha Star Acquisition Corp.

06/24/2026 | Press release | Distributed by Public on 06/24/2026 14:42

Proxy Results (Form 8-K)

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the Extraordinary General Meeting held on June 24, 2026, there were 3,206,449 ordinary shares of Alpha Star Acquisition Corporation ("Alpha Star") present in person or represented by proxy, representing 99.36% of the outstanding ordinary shares of Alpha Star as of May 27, 2026, the record date for the Extraordinary General Meeting, and constituting a quorum for the transaction of business. At the Extraordinary General Meeting, each of the proposals described below was approved by the Company's shareholders of record. The final results for the votes regarding each proposal are set forth in the following tables. Each of the proposals is described in detail in the Company's Proxy Statement.

Proposal 1 (Business Combination Proposal):

Approval and authorization of the Business Combination Agreement, dated as of September 12, 2024, by and among Alpha Star, Xdata Group, a Cayman Islands exempted company ("PubCo"), and OU XDATA GROUP, a company incorporated in Estonia ("XDATA") (the "Business Combination Agreement"), a copy of which is attached to the proxy statement as Annex A, as amended by the Supplemental Agreement, a copy of which is attached to the proxy statement as Annex A-1, and the transactions contemplated therein, including the business combination whereby Alpha Star will merge with and into PubCo (the "Reincorporation Merger"), with PubCo surviving the Reincorporation Merger as the holding and listed company, and immediately thereafter and as part of the same overall transaction, PubCo (as the surviving company of the Reincorporation Merger) will acquire the shares, representing in the aggregate 100% (on an as-converted and fully diluted basis) of the shares issued and outstanding, of XDATA, resulting in XDATA being a wholly owned subsidiary of PubCo, in exchange for a certain number of shares of PubCo (the "Share Exchange," together with the Reincorporation Merger, the "Business Combination"):

For Against Abstain Boker Non-Vote
Business Combination Proposal 3,205,004 0 0 1,445

Proposal 2 (Reincorporation Merger Proposal):

Approval and authorization of the Reincorporation Merger, the Plan of Merger, substantially in the form attached to the proxy statement as Annex D and any and all transactions provided for in the Plan of Merger:

For Against Abstain Boker Non-Vote
Reincorporation Merger Proposal 3,205,004 0 0 1,445

Proposal 3 (Nasdaq Listing Proposal):

Approval of the issuance of securities in connection with the Business Combination in order to comply with Nasdaq Listing Rules 56535(a), (b) and (d):

For Against Abstain Boker Non-Vote
Nasdaq Listing Proposal 3,205,004 0 0 1,445

Proposal 4 (Governance Proposal):

Approval and adoption of (i) the amended and restated memorandum and articles of association of PubCo in the form attached to the proxy statement as Annex B; and (ii) the new name by PubCo as "Xdata Group":

For Against Abstain Boker Non-Vote
Governance Proposal 3,206,449 0 0 0
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