ALSAF
Alpha Star Acquisition Corporat17.50
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
56.48MP/E (TTM)
-Basic EPS (TTM)
-0.56Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Underwriting fee slashed for merger
Alpha Star Acquisition Corporation amended its underwriting agreement with Ladenburg Thalmann on October 13, 2025, slashing the deferred underwriting commission from $2,875,500 to $950,000 ahead of its business combination with OU XDATA GROUP. This cut, driven by high shareholder redemptions and a shrunken trust account, eases closing costs, with payment due at closing from Alpha Star or OU XDATA GROUP if needed. Deal closes soon. Yet, full indemnification rights persist unchanged.
10-Q
Q2 FY2025 results
Alpha Star Acquisition Corporation posted a net loss of $137,495 for Q2 FY2025 ended June 30, 2025, up from net income of $738,105 a year earlier, as formation and operational costs rose 29% year-over-year to $142,376 while interest income from the trust account plunged 99% to $4,881 amid heavy prior redemptions. For the first half, the net loss widened to $338,262 from $1,462,150 in 2024, with operating losses steady at $366,188 but trust interest down sharply to $27,926. The trust balance sits at $530,462 after a January 2025 redemption of $10,819,317 tied to a six-month extension, leaving $1.1 million in sponsor loans (non-interest bearing, due at merger) and no cash outside trust. The planned merger with Estonia's OU XDATA GROUP, inked September 2024, cleared shareholder approval in May 2025 with minimal redemptions pending, paving a path to Nasdaq relisting post-close. Yet sponsor waivers of $7 million in debt highlight funding strains. Delisting risks linger if the deal falters.
8-K
SPAC deadline extended six months
Alpha Star Acquisition Corporation's shareholders unanimously approved amendments on June 12, 2025, extending the deadline for completing a business combination to December 15, 2025, from June 15. This includes updating the charter and trust agreement, allowing six monthly extensions with $35,000 deposits each. The move buys time for a deal. No redemptions surfaced.
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