Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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 Corp (ALSAF) reported a small pre‑combination loss and very tight liquidity for the quarter ended June 30, 2026. The company, a SPAC targeting businesses with links to the Asian market, recorded a net loss of $142,258 for the quarter and $308,056 for the first six months of 2026, driven by formation and operating costs with only modest trust interest income.
Total assets were $849,169, including $814,834 of marketable securities in the trust account, while current liabilities reached $2,477,128 and deferred underwriting commissions remained at $950,000, resulting in a stockholders’ deficit of $(3,392,793) and a working capital deficit of $(2,442,793). After heavy redemptions, only 21,962 public shares remain subject to redemption. Management discloses substantial doubt about the company’s ability to continue as a going concern if it cannot close a business combination by December 15, 2026, especially given there is no cash outside the trust and reliance on non‑interest‑bearing sponsor loans totaling $1,910,121. Alpha Star has a signed Business Combination Agreement with OU XDATA GROUP, but its securities have been delisted from Nasdaq and now trade on the OTC Market, and a previously identified material weakness in internal control over financial reporting remains unresolved.
Alpha Star Acquisition Corporation reports unaudited results for the quarter ended March 31, 2026, as it continues to seek a business combination with OU XDATA GROUP. The SPAC recorded a net loss of $165,798, driven by formation and operational costs of $172,613 partially offset by interest and unrealized gains from its Trust Account.
Assets totaled $891,862, including $829,887 of marketable securities held in trust, while current liabilities were $2,377,563, resulting in a working capital deficit of $2,293,398 as of March 31, 2026. Sponsor promissory notes and loans outstanding reached $1,880,216 after significant prior waivers of $6,992,231 were recorded to additional paid-in capital.
The company remains a pre-revenue SPAC and has until December 15, 2026 to complete a business combination, after multiple shareholder-approved deadline extensions and substantial redemptions of public shares. Management discloses substantial doubt about the ability to continue as a going concern if no deal is completed by the Liquidation Date, especially given the absence of cash outside the Trust Account and reliance on Sponsor funding. Alpha Star’s securities were delisted from Nasdaq in late 2024 and now trade on the OTC market, while the planned merger structure with OU XDATA GROUP and the Cayman Islands PubCo entity continues to move forward under existing agreements.