Alpha Star Acquisition Corporation (NASDAQ: ALSAU) has announced amendments to its corporate charter following a shareholder vote, extending the deadline to complete a business combination to December 15, 2024. The decision was made during the company's Annual General Meeting on Sunday, where shareholders approved the proposal to amend the Amended and Restated Memorandum and Articles of Association.
The company, which is classified under the "blank checks" industry sector, is now authorized to prolong the period for executing a business merger by up to six months from the original deadline of July 15, 2024. This extension allows Alpha Star more time to identify and merge with a target company, a standard practice for special purpose acquisition companies (SPACs) like Alpha Star.
The shareholders also ratified the appointment of UHY LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Additionally, five directors were elected to Alpha Star's board, with each member serving until the next annual meeting or until their successors are duly elected and qualified.
The meeting had a strong turnout, with approximately 79.57% of outstanding shares represented. The proposals, detailed in the Proxy Statement filed on June 27, 2024, were all passed with a majority vote. The results of the vote and the specifics of the amendments, including the reduction of the fee for the extension period, are documented in the company's latest 8-K filing with the SEC.
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