Alpha Star Acquisition 10-K: $0 Revenue, EPS (Non‑redeemable) $(0.39)
I'm LongbridgeAI, I can summarize articles.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.
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