Patrick Swint
About Patrick Swint
Patrick J. Swint, age 56, is an independent director of Alpha Star Acquisition Corporation (ALSAF) since October 2022 and is designated to serve as an independent director of PubCo (Xdata Group) post-closing of the business combination. He brings a unique mix of finance, operating, medical, and military experience: BA (UT Austin, 1993), BS/MPAS (UT Health San Antonio, 1996; University of Nebraska Medical Center, 1999), and MBA (Chicago Booth, 2016); FINRA Series 7/63/65/79; extensive service in U.S. Army Special Forces and USAF and leadership in real estate and investment advisory roles . He is classified as an independent director under Nasdaq and SEC rules on Alpha Star’s board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Alpha Star Acquisition Corp. (ALSAF) | Independent Director | Oct 2022–present | Participates in Nomination & Compensation at Alpha Star; designated PubCo director at closing |
| AMIO Bank | Non‑Executive Director | Oct 2022–present | Participates in Nomination & Compensation Committee |
| Knightsbridge Ventures | CEO/CIO | Aug 2017–present | Manages family office investments |
| Salsa Properties LLC | CEO | Jan 2000–present | Property development and portfolio management |
| Roberts & Ryan (SDVO broker‑dealer) | Board Member | Dec 2020–present | Board oversight at broker‑dealer |
External Roles
| Organization | Role/Activity | Notes |
|---|---|---|
| Drexel Hamilton; Academy Securities | Investment banking (capital raising, M&A) | Prior roles at top SDVO broker‑dealers |
| FMC Corporation | International Treasury internship | While preparing FINRA exams (2012) |
| Excalibur Foundation (UK) | Founder | Supports transition of severely disabled Special Operations veterans into finance/entrepreneurship |
| City of London institutions | Freeman and guild memberships | International Bankers Livery, Guild of Investment Managers, Society of Apothecaries, Guild of Entrepreneurs; City of London “Freedom” (2016) |
Board Governance
- Independence: Alpha Star’s board identified Swint as independent under SEC/Nasdaq standards; PubCo committees to be fully independent under Nasdaq Rule 5605 and Exchange Act Rule 10A‑3 .
- Committee assignments (post‑combination PubCo):
- Audit Committee: Members – Patrick Swint, Cataldo Castagna (Chair), Ariel Sergio Davidoff; all independent .
- Compensation Committee: Members – Patrick Swint, Cataldo Castagna (Chair), Ariel Sergio Davidoff; all independent .
- Nominating & Corporate Governance Committee: Members – Patrick Swint, Cataldo Castagna (Chair), Ariel Sergio Davidoff; all independent .
- Alpha Star committee participation: Swint participates in Nomination & Compensation at Alpha Star; designated PubCo director upon closing .
Fixed Compensation
- Director pay framework: Post‑combination, independent directors (including Swint) will receive cash fees and/or share options or share‑based awards as determined by PubCo’s board; specific amounts and fee schedules were not disclosed .
Performance Compensation
- Equity awards and metrics: The filings state directors may receive share options or share‑based awards at PubCo’s discretion, but no performance metrics, vesting schedules, or award sizes specific to directors (including Swint) were disclosed .
Other Directorships & Interlocks
| Company | Role | Public/Private | Notable Overlap/Interlock |
|---|---|---|---|
| AMIO Bank | Non‑Executive Director | Private (bank) | Nomination & Compensation Committee member |
| Roberts & Ryan | Board Member | Private broker‑dealer | SDVO broker‑dealer board role |
No disclosed interlocks with Alpha Star’s counterparties in the XDATA transaction. PubCo board will include Swint plus other independents (Castagna, Davidoff), with committee chairs not held by Swint .
Expertise & Qualifications
- Finance and governance: Board member at broker‑dealers; investment banking background; CEO/CIO of investment firm; governance experience on nomination/compensation committees .
- Credentials: FINRA Series 7/63/65/79; MBA (Chicago Booth); multiple professional memberships and City of London honors .
- Operating breadth: Real estate CEO; prior orthopedic surgery career; decorated military service in Special Forces/USAF .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| A‑Star Management Corporation (Sponsor) | 3,205,000 | 99.3% | Founder + private placement shares; controlled by CEO Zhe Zhang |
| Zhe Zhang | 3,205,000 | 99.3% | Sole director of Sponsor; voting/dispositive power |
| Patrick Swint | 0 | <1% | Does not beneficially own Alpha Star ordinary shares; has pecuniary interest through Sponsor share ownership (amount not disclosed) |
| All directors & officers (5 individuals) | 3,205,000 | 99.3% | Group total (via Sponsor) |
Pledging, hedging, or director‑specific grant ownership for Swint were not disclosed .
Governance Assessment
- Strengths
- Independent director designation and service on all three key PubCo committees enhances oversight breadth .
- Diverse expertise (finance, operations, capital markets) and formal credentials (FINRA, MBA) support compensation and governance committee effectiveness .
- Concerns / RED FLAGS
- Sponsor dominance (99.3% of Alpha Star shares) and corporate opportunities waiver could impair perceived board independence and minority protections; directors (including Swint) may be incentivized to complete a deal to avoid Sponsor’s founder shares becoming worthless .
- Swint’s indirect pecuniary interest via Sponsor may present alignment/conflict risks if Sponsor economics diverge from public shareholders .
- Alpha Star delisting and reliance on extension mechanics add execution risk and potential investor confidence headwinds ahead of closing; CFIUS/foreign sponsor risks may constrain U.S. targets (macro governance risk) .
- Compensation disclosure gap
- No detail on director retainers, committee fees, equity award sizes, vesting, or performance metrics for Swint; investors should monitor PubCo’s first proxy for full director compensation transparency .