Alpha Star Acquisition Corp SEC 10-Q Report

About this update from Alpha Star Acquisition Corporation

Alpha Star Acquisition Corp, a blank check company focused on effecting a merger or similar business combination, has released its Form 10-Q report for the quarter ending September 30, 2025. The report provides insights into the company's financial performance and operational activities as it continues to pursue its initial business combination. Financial Highlights Net Income (Loss):$(173,573) for the three months ended September 30, 2025, reflecting operating costs of $179,556 offset by interest income on marketable securities held in the Trust Account.$(511,835) for the nine months ended September 30, 2025, reflecting operating costs of $545,744 offset by interest income on marketable securities held in the Trust Account.$(139,268) for the three months ended September 30, 2024, reflecting operating costs of $459,346 offset by interest income on marketable securities held in the Trust Account.$1,322,882 for the nine months ended September 30, 2024, reflecting operating costs of $808,801 offset by interest income on marketable securities held in the Trust Account.Basic and Diluted Net Income (Loss) Per Share:$(0.09) for non-redeemable shares and $4.81 for redeemable shares for the three months ended September 30, 2025.$(0.27) for non-redeemable shares and $15.13 for redeemable shares for the nine months ended September 30, 2025.$(0.12) for non-redeemable shares and $0.15 for redeemable shares for the three months ended September 30, 2024.$(0.17) for non-redeemable shares and $0.42 for redeemable shares for the nine months ended September 30, 2024. Business Highlights Business Overview: Alpha Star Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company is currently focused on completing its initial business combination.Subsidiary Establishment: On September 4, 2024, Alpha Star established a wholly owned subsidiary in the Cayman Islands, Xdata Group, which serves as the PubCo for the initial business combination in accordance with the Business Combination Agreement entered on September 12, 2024.Operational Activities: The company has not engaged in any operations or generated operating revenues to date. Its activities have been limited to organizational tasks, preparing for the IP...

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