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:
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