sur Star Alliance International Corp. (NASDAQ:STAL)
Star Alliance International Corp. Updates Shareholders Amid Financial and Operational Challenges
Star Alliance International Corp. (OTC PINK:STAL) signed a $25 million line of credit with Keystone Capital Partners, LLC on May 17, 2024. However, as of now, Keystone has not provided any funding. This has affected the company's plans and timelines for growth.
In May, the SEC rejected Star's S1 filing due to the suspension of its auditor for 2022 and 2023. The company is now re-auditing its 2023 and auditing its 2024 financial statements to refile the S1.
Star is seeking alternative funding and has made significant progress in its AI project and the Genesis system, which shows promise for the mining industry. Despite the challenges, including changes in the Board, the company remains optimistic about its future and plans to launch a gold-backed digital asset in Europe.
R. P.
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