--- title: "ALPHA STAR ACQUISITION CORPORATION | 10-Q: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/286600834.md" datetime: "2026-05-15T18:23:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286600834.md) - [en](https://longbridge.com/en/news/286600834.md) - [zh-HK](https://longbridge.com/zh-HK/news/286600834.md) --- # ALPHA STAR ACQUISITION CORPORATION | 10-Q: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EPS: As of FY2026 Q1, the actual value is USD -0.09. EBIT: As of FY2026 Q1, the actual value is USD -179.43 K. ### Segment Revenue ALPHA STAR ACQUISITION CORPORATION has not generated any operating revenues to date and does not expect to do so until after the completion of its initial Business Combination . The Company anticipates generating non-operating income from interest earned on marketable securities held in the Trust Account . ### Operational Metrics #### Net Loss For the three months ended March 31, 2026, ALPHA STAR ACQUISITION CORPORATION reported a net loss of - $165,798 . This compares to a net loss of - $200,767 for the three months ended March 31, 2025 . #### Operating Costs Operating costs for the three months ended March 31, 2026, were $172,613 . For the same period in 2025, operating costs were $223,812 . #### Interest and Dividends Earned in Trust Account Interest and dividends earned in the trust account totaled $6,815 for the three months ended March 31, 2026 . This was lower than the $23,045 earned for the three months ended March 31, 2025 . #### Unrealized Interest Income on Marketable Securities Unrealized interest income on marketable securities held in the Trust Account was $2,486 for the three months ended March 31, 2026 . For the three months ended March 31, 2025, this figure was $1,489 . ### Cash Flow #### Net Cash Used in Operating Activities Net cash used in operating activities was - $343,917 for the three months ended March 31, 2026, resulting from a net loss of - $165,798, operating costs of $172,613, and interest and dividends earned in trust of $6,815 . For the three months ended March 31, 2025, net cash used in operating activities was - $209,766, driven by a net loss of - $200,767, operating costs of $223,812, and interest earned in trust of $23,045 . #### Net Cash Used in Investing Activities For the three months ended March 31, 2026, net cash used in investing activities was - $105,000, primarily due to extension contributions deposited into the trust account . In contrast, net cash provided by investing activities was $10,714,317 for the three months ended March 31, 2025, which included extension contributions of - $105,000 and $10,819,317 withdrawn from the trust account to redeem public shares . #### Net Cash Provided by (Used in) Financing Activities Net cash provided by financing activities was $448,917 for the three months ended March 31, 2026, representing proceeds from the Sponsor promissory note and Sponsor Loan . For the three months ended March 31, 2025, net cash used in financing activities was - $10,504,551, consisting of - $10,819,317 for public share redemptions offset by $314,766 from the Sponsor promissory note and Sponsor Loan . ### Unique Metrics #### Marketable Securities Held in Trust Account As of March 31, 2026, marketable securities held in the Trust Account totaled $829,887 . This increased from $718,072 as of December 31, 2025 . #### Promissory Notes and Loan Payable to Sponsor The balance of promissory notes and loans payable to the Sponsor was $1,880,216 as of March 31, 2026 . This represents an increase from $1,431,298 as of December 31, 2025 . #### Working Capital Deficit As of March 31, 2026, the Company had a working capital deficit of - $2,293,398 . This is a larger deficit compared to - $2,015,785 as of December 31, 2025 . ### Future Outlook and Strategy #### Core Business Focus ALPHA STAR ACQUISITION CORPORATION is a blank check company focused on completing a Business Combination by December 15, 2026 . The Company intends to use proceeds from its IPO, private unit sales, shares, or debt to effectuate this combination . A Business Combination Agreement has been entered into with OU XDATA GROUP, an Estonian company, with the aim for OU XDATA GROUP to become a publicly traded company post-merger and to apply for Nasdaq listing . #### Financing and Liquidity To fund working capital and transaction costs for a Business Combination, ALPHA STAR ACQUISITION CORPORATION relies on loans from its Sponsor, officers, and directors, including a $500,000 non-interest bearing loan from the Sponsor on March 16, 2026 . 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