NEW YORK, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation (the "Company") today announced that it has entered into a non-binding letter of intent ("LOI") for a business combination with Cyclebit Group (the "Cyclebit"). Founded in 2012, Cyclebit is a global payments and SaaS provider. Its core products include card acquiring, point-of-sale (POS) services and marketplace solutions.
Under the terms of the LOI, the Company and Cyclebit would become a combined entity, with the Cyclebit's existing equityholders rolling 100% of their equity into the combined public company. The Company expects to announce additional details regarding the proposed business combination when a definitive agreement is executed, which is expected in the fourth quarter of 2022.
No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all. Any transaction would be subject to board and equityholder approval of both companies, regulatory approvals and other customary conditions.
ABOUT ALPHA STAR ACQUISITION CORPOPRATION
The Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any industry or sector, the Company intends to focus on businesses that have a connection to the Asian market.
IMPORTANT INFORMATION AND WHERE TO FIND IT
If a legally binding definitive agreement with respect to the proposed business combination is executed, the Company intends to file a preliminary proxy statement (a "Deal Proxy Statement") with the U.S. Securities and Exchange Commission's (the "SEC"). A definitive Deal Proxy Statement will be mailed to stockholders of the Company as of a record date to be established for voting on the proposed transaction. Stockholders will also be able to obtain a copy of the Deal Proxy Statement, without charge, by directing a request to: Alpha Star Acquisition Corporation, 80 Broad Street, 5th Floor, New York, NY 10004. The preliminary and definitive Deal Proxy Statements, once available, can also be obtained, without charge, at the SEC's website, www.sec.gov.
This communication may be deemed to be offering or solicitation material in respect of the proposed transaction, which will be submitted to the stockholders of the Company for their consideration. The Company urges investors, stockholders and other interested persons to carefully read, when available, the preliminary and definitive Deal Proxy Statement as well as other documents filed with the SEC (including any amendments or supplements to the Deal Proxy Statement, as applicable), in each case, before making any investment or voting decision with respect to the proposed transaction, because these documents will contain important information about the Company, the Cyclebit and the proposed transaction.
PARTICIPANTS IN THE SOLICITATION
The Company and its directors, executive officers other members of management and employees may be considered participants in the solicitation of proxies with respect to the potential transaction described herein under the rules of the SEC. Information about the directors and executive officers of the Company is set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 30, 2022. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders in connection with the potential transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be set forth in the Deal Proxy Statement when it is filed with the SEC. These documents can be, once available, obtained free of charge from the sources indicated above.
NO OFFER OR SOLICITATION
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the Company's current expectations and are subject to numerous conditions, risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 30, 2022, and the Company's quarterly reports on Form 10-Q filed with the SEC, each available on the SEC's website, www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Zhe Zhang
Chief Executive Officer
zhe.zhang@swgt.co.uk
紐約,9月2022年12月13日(環球網)--阿爾法之星收購公司(以下簡稱“公司”)今天宣佈,它已就與迴圈位元集團(簡稱“迴圈位元”)的業務合併簽訂了一份不具約束力的意向書(意向書)。Cyclebit成立於2012年,是一家全球支付和SaaS提供商。其核心產品包括卡獲取、銷售點(POS)服務和市場解決方案。
根據意向書的條款,本公司和Cyclebit將成為一個合併的實體,Cyclebit的現有股權持有人將其100%的股權滾動到合併後的上市公司中。該公司預計將在2022年第四季度簽署最終協定時宣佈有關擬議業務合併的更多細節。
不能保證雙方將成功談判並達成最終協定,也不能保證擬議的交易將按目前設想的條款或時間框架完成,或者根本不能保證。任何交易都將取決於兩家公司的董事會和股東的批准、監管部門的批准和其他常規條件。
關於阿爾法星採集公司
本公司為一間空白支票公司,註冊為開曼群島豁免公司,並為與一項或多項業務進行合併、股份交換、資產收購、股份購買、重組或類似業務合併而成立。雖然公司可能在任何行業或部門尋求收購機會,但公司打算將重點放在與亞洲市場有聯繫的業務上。
重要資訊以及在哪裡可以找到IT
如果就擬議的業務合併簽署具有法律約束力的最終協定,公司打算向美國證券交易委員會(“美國證券交易委員會”)提交一份初步委託書(“交易委託書”)。一份最終的交易委託書將郵寄給公司的股東,截止日期為就擬議的交易進行投票的創紀錄日期。股東還可以免費獲得交易委託書的副本,方法是將請求發送到:阿爾法之星收購公司,布羅德街80號,5號這是Floor,New York,NY 10004。一旦獲得初步和最終的交易委託書,也可以在美國證券交易委員會的網站www.sec.gov上免費獲得。
本通訊可被視為與擬議交易有關的要約或徵集材料,將提交本公司股東考慮。本公司敦促投資者、股東和其他利害關係人在可獲得初步和最終交易委託書以及提交給美國證券交易委員會的其他檔案(包括對交易委託書的任何修改或補充,視情況而定)後,在就擬議的交易做出任何投資或投票決定之前,仔細閱讀這些檔案,因為這些檔案將包含關於本公司、週期位元和擬議交易的重要資訊。
徵集活動的參與者
根據美國證券交易委員會的規定,公司及其董事、高管、其他管理層成員和員工可被視為就本文所述的潛在交易徵集委託書的參與者。有關公司董事和高管的資訊載於公司於2022年3月30日提交給美國證券交易委員會的截至2021年12月31日的財政年度10-K表格年度報告中。根據美國證券交易委員會的規則,哪些人可能被視為與潛在交易相關的股東招標的參與者的資訊,以及對他們通過持有證券或其他方式的直接和間接利益的描述,將在提交給美國證券交易委員會的交易委託書中列出。這些檔案一旦可用,就可以從上述來源免費獲得。
無報價或邀請函
本新聞稿不應構成對任何證券或擬議業務合併的委託、同意或授權的徵集。本新聞稿也不應構成出售或邀請購買任何證券的要約,也不應在任何州或司法管轄區出售證券,在這些州或司法管轄區,根據任何此類司法管轄區的證券法,在註冊或獲得資格之前,此類要約、招攬或出售將是非法的。除非招股說明書符合修訂後的1933年《證券法》第10節的要求,否則不得發行證券,或獲得豁免。
前瞻性陳述
本新聞稿包含符合修訂後的1933年證券法第27A節和修訂後的1934年證券交易法第21E節的“前瞻性陳述”。前瞻性陳述是基於公司的當前預期,會受到許多條件、風險和不確定性的影響,可能會導致實際結果與陳述中反映的結果大不相同,其中許多情況不是公司能控制的,包括公司在提交給美國證券交易委員會的截至2021年12月30日的10-K表格年度報告中的風險因素部分,以及公司提交給美國證券交易委員會的10-Q表格季度報告中闡述的那些,這些報告均可在美國證券交易委員會網站www.sec.gov上查閱。請投資者注意,任何前瞻性陳述都不是對未來業績的保證,實際結果或發展可能與前瞻性陳述中的預測大不相同。除法律要求外,本公司不承擔在本新聞稿發佈之日後更新這些聲明以進行修訂或更改的義務。
Contacts
張哲
首席執行官
郵箱:zhe.zang@swgt.co.uk