---
title: "Alpha Star Acquisition 10-K: $0 Revenue, EPS (Non‑redeemable) $(0.39)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279981404.md"
description: "Alpha Star Acquisition reported no revenue for the year ended December 31, 2025, with a net loss of $(847,048) and a loss from operations of $(887,584). The company, formed as a blank-check entity, has not engaged in commercial operations and has incurred costs related to its formation and public readiness. Non-redeemable ordinary shares reflect a net loss per share of $(0.39). The firm is focused on identifying and executing business combinations, with IPO proceeds held in trust for future operations."
datetime: "2026-03-20T18:35:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279981404.md)
  - [en](https://longbridge.com/en/news/279981404.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279981404.md)
---

# Alpha Star Acquisition 10-K: $0 Revenue, EPS (Non‑redeemable) $(0.39)

Alpha Star Acquisition reported no operating revenues for the year, reflecting that the company has not engaged in commercial operations to date; revenue and gross profit are both $0. The firm recorded a loss from operations of $(887,584) and net loss of $(847,048) for the year ended December 31, 2025, with non-redeemable ordinary shares showing basic and diluted net loss per share of $(0.39) (redeemable shares: $18.38). The results reflect pre-combination formation and public‑company readiness costs as the company pursues a business combination.

**Financial Highlights**

-   **Revenue**: $0 — Company has neither engaged in operations nor generated operating revenues to date.
-   **Gross Profit**: $0 — No operating activities or sales reported, thus no gross profit presented.
-   **Operating Income**: $(887,584) — Loss from operations attributable to formation and operational costs.
-   **Net Income**: $(847,048) — For year ended December 31, 2025 (compared with $1,344,563 in 2024).
-   **Net Income Per Share**:
    
    -   Non-redeemable ordinary shares, basic and diluted: $(0.39)
    -   Redeemable ordinary shares, basic and diluted: $18.38
    

**Business Highlights**

-   **Business Model / Purpose**: Formed as a blank‑check company to complete one or more business combinations, concentrating resources on target identification and transaction execution.
-   **Operational Activity**: No operating revenues to date; activities have been limited to company formation, IPO preparation, target screening and signing a business combination agreement with XDATA.
-   **Capital Deployment / Trust Use**: Substantially all IPO proceeds are held in trust to be used for consummating a business combination and providing post‑combination working capital for the target.
-   **Public Company Readiness**: Anticipated higher public‑company costs, including legal, reporting, and audit expenses, and planned due diligence spending have driven increased operating expenses in the pre‑combination period.

Original SEC Filing: Alpha Star Acquisition Corp \[ ALSAF \] - 10-K - Mar. 20, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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