Alpha Star Acquisition in a proxy filing called a Jan. 10 meeting for shareholders to vote on a deadline extension that would give the SPAC until Sept. 15, 2024 to complete a deal. The current deadline is coming up in March.
If approved, Alpha Star’s sponsor would deposit the lesser of $70,000 or 3.3 cents a share into trust for each month required.
The SPAC in September said it had signed a letter of intent for a potential merger with Cyclebit Group, a global payments and SaaS provider. As of today’s proxy filing, a definitive agreement has not been signed. Read more.
