Here are the 10-K annual reports from Alpha Star Acq Corp WTS (ALSWF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ALSWF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALSWF filings page.
Alpha Star Acquisition Corporation, a Cayman Islands SPAC, reports no operating revenue and ongoing losses as it pursues a merger with OU XDATA GROUP. The proposed business combination values XDATA at $180 million, to be paid via 18,000,000 PubCo ordinary shares.
Alpha Star’s shareholders approved the XDATA deal and multiple charter and trust amendments extending its deadline to complete a business combination to December 15, 2026. Heavy redemptions have sharply reduced public shares; 3,227,664 ordinary shares were outstanding as of March 19, 2026, and the company reported a working capital deficit of $2,015,785 as of December 31, 2025.
The structure contemplates a reincorporation into a new Cayman holding company, with existing Alpha Star securities converting into PubCo shares, rights and warrants. Deferred underwriting commissions were cut from $2,875,000 to $950,000, and sponsor, XDATA shareholder and registration rights agreements impose post-closing lock-ups and resale mechanics.