For Q1 FY2026 (ended March 31, 2026), Alpha Star Acquisition Corp reported a net loss of $165,798, an improvement of 17.4% year-over-year. Operating loss was $172,613, improving 22.9% YoY. The company had no cash and negative equity of $3,243,398.
•Net loss of $165,798 improved 17.4% YoY.
•Operating loss of $172,613 improved 22.9% YoY.
•Cash balance was $0; equity was negative $3,243,398.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Alpha Star Acquisition does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York. Alpha Star Acquisition Corporation operates as a subsidiary of A-Star Management Corp.
What does Alpha Star Acquisition Corporation (ALSAF) do?
Alpha Star Acquisition Corporation is a shell company that does not have significant operations of its own. Its primary business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. In other words, it is a special purpose acquisition company (SPAC) formed to identify and combine with a target company, taking it public through the merger process. As of now, the company has not announced any specific target or completed any business combination.
Where is Alpha Star Acquisition Corporation (ALSAF) listed and in which currency?
Alpha Star Acquisition Corporation trades on the OTC Markets OTCID exchange under the ticker symbol ALSAF. The company's securities are quoted in US Dollars (USD). OTC Markets is an over-the-counter marketplace where stocks that do not meet the listing requirements of major exchanges like NYSE or Nasdaq are traded. Investors should be aware that OTC stocks often have lower liquidity and less regulatory oversight compared to exchange-listed securities.
What sector and industry does Alpha Star Acquisition Corporation (ALSAF) belong to?
Alpha Star Acquisition Corporation operates in the Financial Services sector and is classified under the Shell Companies industry. Shell companies are entities that have no active business operations or significant assets. They are often created for the purpose of raising capital through an initial public offering (IPO) and then acquiring or merging with an existing operating business. In this case, the company is a SPAC (special purpose acquisition company) that intends to use the funds raised to acquire a private company, thereby taking it public.
Where is Alpha Star Acquisition Corporation (ALSAF) headquartered?
Alpha Star Acquisition Corporation is headquartered in New York, New York, United States. The company was incorporated in 2021 and operates as a subsidiary of A-Star Management Corp. Being based in New York places it in a major financial hub, which is typical for SPACs and shell companies that seek to identify acquisition targets and raise capital from institutional investors.
What is the business model of Alpha Star Acquisition Corporation (ALSAF)?
Alpha Star Acquisition Corporation's business model is centered on identifying and completing a business combination with one or more target companies. As a SPAC, it raises capital through an initial public offering (IPO) and holds those funds in trust until a suitable acquisition target is found. The company does not generate revenue from operations; instead, its value is derived from the eventual merger or acquisition. Once a target is identified and the deal is approved by shareholders, the combined entity becomes a publicly traded company. Until then, Alpha Star Acquisition Corporation has no significant operations or income.