Alpha Star Acquisition Corp reported a first-quarter 2026 net loss of $(165,798), an improvement from a $(200,767) loss in the year‑ago quarter; diluted loss per share was $(0.09) on 3,205,000 non-redeemable shares, versus $(0.10) in Q1 2025. The company, a blank‑check SPAC, recorded no operating revenue in the period.
Financial Highlights
- Net income: $(165,798) for Q1 2026, compared with $(200,767) in Q1 2025 (improved net loss vs. year-ago quarter).
- Diluted EPS: $(0.09) for Q1 2026 on 3,205,000 non-redeemable shares, versus $(0.10) for Q1 2025.
- Revenue: Not reported for Q1 2026 (company is a blank‑check entity with no operating revenues prior to a business combination).
Business Highlights
- Business model: Alpha Star is a SPAC formed to complete a business combination and has no operating revenues until a target acquisition closes.
- Operational activity focused on target search, due diligence and IPO-related organizational tasks; expects elevated public-company costs going forward.
- Trust account strategy: funds are held in a Trust Account intended to finance a business combination and post-combination operations of target(s).
- Financing & liquidity: plans to rely on sponsor loans and potential third-party financing to fund deal pursuit and transaction costs; noted going-concern risk.
Original SEC Filing:
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