"Alpha Star has an unwavering commitment to help dynamic companies, particularly in the technology and financial sectors, achieve their potential."
"At XData Group, we are committed to delivering cutting-edge services to as many financial institutions as possible."
XData Group, a Tallinn-based software development firm focused on B2B solutions for the banking sector, is set to go public on Nasdaq in early 2025. The company recently entered a definitive agreement with SPAC Alpha Star, which values the transaction at $180 million. This merger aims to enhance XData's growth, increase visibility, and attract investments as they expand operations and product offerings in Europe. CEO Roman Eloshvili emphasizes the merger as a significant opportunity to accelerate product development and strengthen partnerships in the financial sector.
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