Business
Star Alliance International Corp. Sells its Assets to NoHo, Inc. in Exchange for NoHo, Inc.'s Publicly Traded Stock
Star Alliance International Corp. (OTC: STAL) ("STAR" or the "Company") today announced that it has successfully closed the sale of its assets to NoHo, Inc. (OTC: DRNK) ("DRNK") in exchange for shares of DRNK's publicly traded stock.
About this update from Noho, Inc.
[{"type":"text","content":"LAS VEGAS, July 10, 2025 /PRNewswire/ -- Star Alliance International Corp. (OTC: STAL) ("STAR" or the "Company") today announced that it has successfully closed the sale of its assets to NoHo, Inc. (OTC: DRNK) ("DRNK") in exchange for shares of DRNK's publicly traded stock.","length":313,"tagName":"p"},{"type":"image","alt":"Star Alliance International Corp.","displaySize":"","headline":null,"caption":"Star Alliance International Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/f3c711611df74d6212119ac59701ea4b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/B4aoVn84bVUKH7WUan_sUg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f3c711611df74d6212119ac59701ea4b","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2726296/STAR_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This transaction is an excellent move for STAR and its shareholders. Following the completion of DRNK's audits and the effectiveness of its registration statement, STAR shareholders will receive a dividend distribution of DRNK shares, establishing ownership interests in both entities. The transaction also initiates a change of control at DRNK. Anthony Anish, CEO of STAR, has assumed the CEO role at DRNK, and new board appointments are expected imminently to advance previous and new initiatives.","length":508,"tagName":"p"},{"type":"text","content":"STAR has faced a number of regulatory and financial headwinds in 2024:","length":70,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Despite executing documentation for a sizable credit facility and receiving a "no further comment" from the SEC regarding its S-1 filing, STAR did not secure funding.","length":176,"tagName":"p"}]},{"val":[{"type":"text","content":"The SEC rejected STAR's 2023 and 2024 audits following the suspension of its former PCAOB-registered auditor.","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company was reclassified from OTC Pink to the expert market due to a delayed 10-Q filing after delays as a result of reauditing the 2023 and 2024 10-Ks.","length":156,"tagName":"p"}]}],"tagName":"ul","bulletedList"...