Alpha Star Acquisition Corp 1Q 2026: Net income $(165,798), EPS $(0.09) — 10-Q Summary

About this update from Alpha Star Acquisition Corporation

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 HighlightsNet 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 HighlightsBusiness 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: 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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