Alpha Star Gives Itself an Extension After Signing LOI for Potential Merger

Alpha Star Acquisition said it deposited $383,333 (3.3 cents a share) into its trust in order to extend the deadline for completing a business combination until Oct. 15.

The SPAC announced earlier this week it had signed a letter of intent for a potential merger with Cyclebit Group, a global payments and SaaS provider. Its core products include card acquiring, point-of-sale services and marketplace solutions. Read more.

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