Star Alliance International Corp. Sells its Assets to NoHo, Inc. in Exchange for NoHo, Inc.'s Publicly Traded Stock

Core Viewpoint - Star Alliance International Corp. has successfully divested its assets to NoHo, Inc. in exchange for shares of NoHo's publicly traded stock, which is seen as a strategic move to enhance shareholder value and facilitate a change of control at NoHo [1][2]. Group 1: Transaction Details - The asset sale will result in STAR shareholders receiving a dividend distribution of NoHo shares, establishing ownership interests in both companies [2]. - Anthony Anish, CEO of STAR, has taken on the CEO role at NoHo, with new board appointments expected to support ongoing and new initiatives [2]. Group 2: Strategic Rationale - STAR faced regulatory and financial challenges in 2024, prompting the decision to divest assets to preserve and grow shareholder value [3]. - The company plans to pursue a 15C-211 filing with FINRA while leveraging its holdings in NoHo [3]. Group 3: Leadership Commentary - Anthony Anish emphasized that transitioning assets to a publicly traded vehicle was the best decision for shareholders, providing access to a more liquid market [4]. - Richard Carey, Chairman of STAR, reiterated the commitment to shareholders, stating that this move offers a pathway to restore trading and build asset value through the NoHo stake [4]. Group 4: Company Background - Star Alliance International Corp., founded in 2014 and incorporated in Nevada, is a diversified holding company focused on long-term shareholder value [5]. - The company aims to maintain transparency, operational sophistication, and value accretion through future diversification [5]. Group 5: Financial Challenges - STAR did not secure funding despite executing documentation for a sizable credit facility and receiving a "no further comment" from the SEC regarding its S-1 filing [9]. - The SEC rejected STAR's 2023 and 2024 audits, leading to a reclassification from OTC Pink to the expert market due to delayed filings [9].