10:06 AM EDT, 06/24/2024 (MT Newswires) -- Alpha Star Acquisition ( ALSA ) , a blank check company, said Monday that it has signed a letter of intent for a business combination with Estonian fintech firm xDataGroup.

Financial terms were not disclosed.

"We believe that this transaction will also enable Xdata to access more capital and move towards listing on Nasdaq, driving further growth and innovation," Alpha Star Chief Executive Zhe Zhang said in a statement.