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

About this update from Alpha Star Acquisition Corporation

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 HighlightsRevenue: $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 HighlightsBusiness 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: 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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