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Alpha Star Acquisition reduces deferred underwriting commission for merger

Published 22/10/2025, 11:14
Alpha Star Acquisition reduces deferred underwriting commission for merger
ALSAF
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Alpha Star Acquisition Corp (OTC:ALSUF) announced Monday that it has amended its underwriting agreement with Ladenburg Thalmann & Co., Inc. related to its business combination with OU XDATA GROUP. According to a press release statement based on a recent SEC filing, the deferred underwriting commission due to Ladenburg has been reduced from $2,875,500 to $950,000. The company maintains a Fair financial health rating according to InvestingPro analysis, with an overall score of 2.14 out of 5.

The amendment was executed on October 13, 2025, and reflects considerations including redemption levels by Alpha Star public shareholders and the balance of the trust account following shareholder redemptions in connection with the business combination. Investors should note that the company is scheduled to report its next earnings on November 14, 2025.

Under the revised agreement, the $950,000 commission is to be paid in cash at the closing of the business combination, either by Alpha Star Acquisition or, if the company is unable to do so, by OU XDATA GROUP.

Alpha Star Acquisition is incorporated in the Cayman Islands and lists its units, ordinary shares, redeemable warrants, and rights on the OTC Markets Group Inc under the symbols OTC:ALSUF, OTC:ALSAF, OTC:ALSWF, and OTC:ALSTF, respectively.

The information is based on a press release statement and details from Alpha Star Acquisition’s Form 8-K filed with the Securities and Exchange Commission.

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