ALSAF on OTC

Alpha Star Acquisition Corp

Alpha Star Acquisition Corp is a prepackaged software services company, listed on OTC (ALSAF).1 It is headquartered in New York, New York.1

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Last updated Oct 20, 2026.

Overview

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  • TickerALSAF on OTC1
  • IndustryServices-Prepackaged Software1
  • HeadquartersNew York, New York1
  • Business address100 Church Street, 8Th Floor, New York, Ny 100072
  • Filer category, Emerging growth company2

Eloshvili and PubCo, dated as of December 15, 2024 (the “Supplemental Agreement”).3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income456-$887.6K in 2025+51% since 2022
-$1.0M-$750.0K-$500.0K-$250.0K02022: -$587.6K-$587.6K20222023: -$435.3K-$435.3K2023−26%2024: -$913.9K-$913.9K2024+110%2025: -$887.6K-$887.6K2025−3%
Net income456-$847.0K in 2025
-$2.0M0$2.0M$4.0M$6.0M2022: $1.1M$1.1M20222023: $4.9M$4.9M2023+345%2024: $1.3M$1.3M2024−73%2025: -$847.0K-$847.0K2025
Fiscal year202120222023202420252026
Operating income-$587.6K4-$435.3K5-$913.9K6-$887.6K6
Income before tax$1.1M4$4.9M5$1.3M6-$847.0K6
Net income$1.1M4$4.9M5$1.3M6-$847.0K6

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Corporate structure

Alpha Star Acquisition Corp sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Alpha Star Acquisition Corp

  • CLEAR STREET LLC Filed SCHEDULE 13G/A on Alpha Star Acquisition Corp, latest May 21, 2026 (2 filings since May 13, 2026)
  • Walleye Capital LLC Filed SCHEDULE 13G/A on Alpha Star Acquisition Corp, latest Feb 6, 2025 (2 filings since Nov 13, 2024)
  • First Trust Capital Management L.P. Filed SC 13G/A on Alpha Star Acquisition Corp, latest Nov 15, 2024 (2 filings since Feb 14, 2024)
  • Westchester Capital Management, LLC Filed SC 13G/A on Alpha Star Acquisition Corp, latest Nov 14, 2024 (2 filings since Feb 14, 2024)
  • Lighthouse Investment Partners, LLC Filed SC 13G/A on Alpha Star Acquisition Corp, latest Nov 13, 2024 (4 filings since Feb 14, 2022)
  • Saba Capital Management, L.P. Filed SC 13G/A on Alpha Star Acquisition Corp, latest Nov 7, 2024 (3 filings since Dec 23, 2021)
  • Yakira Capital Management, Inc. Filed SCHEDULE 13G/A on Alpha Star Acquisition Corp, latest Aug 6, 2024 (5 filings since Feb 9, 2022)
  • Weiss Asset Management LP Filed SC 13G/A on Alpha Star Acquisition Corp, latest Jan 26, 2024 (2 filings since Feb 7, 2022)
  • Space Summit Capital LLC Filed SC 13G/A on Alpha Star Acquisition Corp, latest Feb 8, 2023 (3 filings since Dec 21, 2021)
  • Lawrence Feis Filed SC 13G/A on Alpha Star Acquisition Corp, latest Mar 23, 2022 (3 filings since Dec 16, 2021)
  • Alpha Star Acquisition Corp New York, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Alpha Star Acquisition Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

We currently maintain our executive offices at 100 Church Street, 8th Floor, New York, NY 10007. The cost for this space is included in the $10,000 per month fee that we will pay our sponsor for office space, administrative and support services. We consider our current office space adequate for our current operations.

Item 2 of the 10-K filed Mar 20, 2026.3

Leadership

Who has led Alpha Star Acquisition Corp, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Guojian Chen2021
2025
Board members and other officers (3)

Timeline

  1. Oct 14, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote15
  2. Jun 24, 20268-K Shareholder vote; Other events16
  3. Mar 19, 20268-K Entered a material agreement; New debt or obligation17
  4. Dec 12, 20258-K Bylaws or fiscal year changed; Shareholder vote18
  5. Oct 22, 20258-K Entered a material agreement19
  6. Jun 12, 20258-K Bylaws or fiscal year changed; Shareholder vote20
  7. May 2, 20258-K Shareholder vote21
  8. Dec 27, 20248-K Bylaws or fiscal year changed; Shareholder vote22
  9. Dec 20, 20248-K Listing notice or transfer23
  10. Oct 4, 20248-K Listing notice or transfer24
  11. Sep 13, 20248-K Entered a material agreement; Regulation FD disclosure25
  12. Sep 3, 20248-K Entered a material agreement; New debt or obligation26

Filings

130 filings to the SEC since October 2021: 7 annual reports, 20 quarterly reports, 29 major events, 6 insider forms, 28 large holders, 40 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Sep 21, 2026DEF 14A EDGAR
  3. Sep 10, 2026PRE 14A EDGAR
  4. Aug 26, 202610-Q EDGAR
  5. Aug 14, 2026NT 10-Q EDGAR
  6. Jun 24, 20268-K EDGAR
  7. May 29, 2026DEF 14A EDGAR
  8. May 21, 2026SCHEDULE 13G/A EDGAR
  9. May 15, 202610-Q EDGAR
  10. May 13, 2026SCHEDULE 13G EDGAR
  11. Mar 20, 202610-K EDGAR
  12. Mar 19, 20268-K EDGAR
  13. Dec 12, 20258-K EDGAR
  14. Nov 26, 2025DEF 14A EDGAR
  15. Nov 14, 202510-Q EDGAR
  16. Nov 14, 2025PRE 14A EDGAR
  17. Oct 22, 20258-K EDGAR
  18. Aug 14, 202510-Q EDGAR
  19. Jun 12, 20258-K EDGAR
  20. Jun 2, 2025DEF 14A EDGAR

The 130 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Alpha Star Acquisition Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAlpha Star Acquisition Corp1
  • CIK0001865111
  • Employer ID (EIN)00-00000003
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inCayman Islands3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address100 Church Street, 8Th Floor, New York, NY 100071
  • Phone332-233-43561
  • Shares outstanding3,226,962 as of Aug 26, 20268
  • Public float$289.0K as of Jun 30, 20253
  • AuditorUHY LLP, Irvine, California PCAOB ID 1195; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceJun 29, 20211
  • Filings138 in all: 8-K (29), 10-Q (14), SC 13G/A (14), SC 13G (11), DEF 14A (10), CORRESP (8), PRE 14A (8), 10-Q/A (6)1
    All 24 form types

    3 (6), 10-K (5), S-1/A (5), UPLOAD (5), SCHEDULE 13G/A (3), 10-K/A (2), 425 (2), NT 10-Q (2), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), EFFECT (1), NT 10-K (1), S-1 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 26, 2026
    Proxy statement (DEF 14A) Sep 21, 2026
    Latest 8-K (8-K) Oct 14, 2026

Securities registered for trading

ClassSymbolExchange
Units, Each Consisting of One Ordinary Share, One Right and One WarrantALSUF
Ordinary Shares, Par Value $0.001 Per ShareALSAF
Rights, Each Entitling the Holder to Receive One-Seventh (1/7) of one Ordinary ShareALSWF
Redeemable Warrants, Each Entitling the Holder to Purchase One-half (1/2) of One Ordinary ShareALSTF

From the cover page of the 10-K filed Mar 20, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Alpha Star Acquisition Corp names in Item 1A of its 10-K filed Mar 20, 2026: 47 risks under these headings, as written.3

  • Risks Relating to Our Search for and Consummation of, or Inability to Consummate a Business Combination
  • Our public shareholders may not be afforded an opportunity to vote on our initial business combination, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a combination.
  • The ability of our public shareholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into an initial business combination with a target.
  • The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize our capital structure.
  • The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares could increase the probability that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
  • The requirement that we complete our initial business combination within the prescribed timeframe may give potential target businesses leverage over us in negotiating an initial business combination and may decrease our ability to conduct due diligence on potential business combination targets as we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that would produce value for our shareholders.
  • We may not be able to complete our Initial Business Combination within the prescribed time frame, in which case we would cease all operations except for the purpose of winding up and we would redeem our public shares and liquidate.
  • If we seek shareholders’ approval of our initial business combination, our Sponsor, directors, officers, advisors or any of their respective affiliates may elect to purchase shares or warrants from public shareholders, which may influence a vote on the proposed business combination and reduce the public “float” of our securities.
  • If a shareholder fails to receive notice of our offer to redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.
  • As the number of special purpose acquisition companies evaluating increases, attractive targets may become scarcer and there may be more competition for attractive targets. This could increase the cost of our initial business combination and could even result in our inability to find another target (should our proposed Business Combination with XDATA not be consummated) or to consummate an initial business combination.
  • Because of our special purpose acquisition company structure, limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we do not complete our initial business combination, our public shareholders may receive only approximately $10 per share on our redemption of our public shares, or less than such amount in certain circumstances.
  • If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption amount received by shareholders may be less than $10 per share.
The other 35 risks
  • Involvement of members of our management and companies with which they are affiliated in civil disputes and litigations, governmental investigations or negative publicity unrelated to our business affairs could materially impact our ability to consummate an initial business combination.
  • If, after we distribute the proceeds in the trust account to our public shareholders, we file a winding-up or bankruptcy petition or an involuntary winding-up or bankruptcy petition is filed against us that is not dismissed, a bankruptcy court may seek to recover such proceeds, and our Board members may be viewed as having breached their fiduciary duties to our creditors, thereby exposing our Board members and us to claims of punitive damages.
  • If, before distributing the proceeds in the trust account to our public shareholders, we file a winding-up or bankruptcy petition or an involuntary winding-up or bankruptcy petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be reduced.
  • If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination.
  • Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combination, and results of operations.
  • If we have not completed our initial business combination within 36 months of the closing of the initial public offering or during any extension period, our public shareholders may be forced to wait beyond such time frame before redemption from our trust account.
  • Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
  • Any shareholders who choose to remain shareholders following our initial business combination could suffer a reduction in the value of their securities.
  • Although we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our initial business combination may not have attributes consistent with our general criteria and guidelines.
  • We may seek business combination opportunities with a financially unstable business or an entity lacking an established record of revenue, cash flow or earnings, which could subject us to volatile revenues, cash flows or earnings or difficulty in retaining key personnel.
  • We are not required to obtain an opinion from an independent investment banking firm or another entity that commonly renders valuation opinions and, consequently, you may have no assurance from an independent source that the price we are paying for a target business (including XDATA) is fair to our Company from a financial point of view.
  • Our initial business combination or reincorporation may result in taxes imposed on shareholders or warrant holders.
  • Resources could be wasted in researching business combinations that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we do not complete our initial business combination, our public shareholders may receive only approximately $10 per share, or less than such amount in certain circumstances, on the liquidation of our trust account.
  • We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our Sponsor, directors or officers which may raise potential conflicts of interest.
  • We may issue notes or other debt securities, or otherwise incur substantial debt, to complete an initial business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.
  • We may complete one business combination which will cause us to be solely dependent on a single business (such as XDATA) which may have a limited number of services and limited operating activities. This lack of diversification may negatively impact our operating results and profitability.
  • We may attempt to concurrently complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could negatively impact our operations and profitability.
  • We may attempt to complete our initial business combination with a private company about which little information is available, which may result in a business combination with a company that is not as profitable as we suspected, if at all.
  • We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete a business combination with which a substantial majority of our shareholders do not agree.
  • In order to effectuate an initial business combination, blank check companies have, in the recent past, amended various provisions of their charters and other governing instruments. We cannot assure you that we will not seek to amend our amended and restated certificate of incorporation or governing instruments in a manner that will make it easier for us to complete our initial business combination that some of our shareholders may not support.
  • We may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target business (including XDATA), which could compel us to restructure or abandon a particular business combination.
  • Because we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with some prospective target businesses.
  • We may issue shares to investors in connection with our initial business combination at a price that is less than the prevailing market price for our ordinary shares.
  • Nasdaq Rule 5815 was amended effective October 7, 2024 to provide for immediate suspension and delisting for failure to meet the 36-month requirement in Nasdaq Rule IM 5101-2(b) to complete a business combination, and the Company’s securities were suspended from trading on Nasdaq upon receiving a delisting determination letter from Nasdaq after the 36-month window ended on December 13, 2024.
  • Risks Relating to the Post-Business Combination Company
  • Subsequent to the completion of our initial business combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and our share price, which could cause you to lose some or all of your investment.
  • The officers and directors of an acquisition candidate may resign upon completion of our initial business combination. The loss of a business combination target’s key personnel could negatively impact the operations and profitability of our post-combination business.
  • Our management may not be able to maintain control of a target business after our initial business combination. We cannot provide assurance that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably operate such business.
  • We may have a limited ability to assess the management of a prospective target business, and as a result, may effect our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company.
  • Risks Relating to Acquiring and Operating a Business in Foreign Countries
  • If we pursue a target company with operations or opportunities outside of the United States for our initial business combination, as with the proposed Business Combination with XDATA, we may face additional burdens in connection with investigating, agreeing to and completing the proposed Business Combination or such other initial business combination, and if we effect the proposed Business Combination or such other initial business combination, we would be subject to a variety of additional risks that may negatively impact our operations.
  • We may reincorporate in another jurisdiction in connection with our initial business combination and such reincorporation may result in taxes imposed on shareholders or warrant holders.
  • We may reincorporate in another jurisdiction in connection with our initial business combination, and the laws of such jurisdiction may govern some or all of our future material agreements and we may not be able to enforce our legal rights.
  • We are subject to changing law and regulations regarding regulatory matters, corporate governance and public disclosure that have increased both our costs and the risk of non-compliance.
  • If our management following our initial business combination is unfamiliar with United States securities laws, they may have to expend time and resources becoming familiar with such laws, which could lead to various regulatory issues.
  • Exchange rate fluctuations and currency policies may cause a target business’ ability to succeed in the international markets to be diminished.
  • After our initial business combination, substantially all of our assets may be located in a foreign country and substantially all of our revenue will be derived from our operations in such country. Accordingly, our results of operations and prospects will be subject, to a significant extent, to the economic, political and legal policies, developments and conditions in the country in which we operate.

Legal proceedings

As of December 31, 2025, there is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in their capacity as such.

The opening of Item 3, Legal Proceedings.3

Sources

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