Alpha Star Acquisition Corp Q2 2026: Net income $(142,258), EPS $(0.05) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Alpha Star Acquisition Corp reported a net loss of $142,258 and diluted EPS of $(0.05) for Q2 2026, compared to a $137,495 loss in the prior year period. As a blank-check SPAC with no operating revenues, the company continues its search for a business combination. Management anticipates increased general, administrative, legal, and accounting expenses as it pursues a transaction, relying on sponsor loans and external financing to maintain operational runway.
Alpha Star Acquisition Corp reported a net loss of $(142,258) for the second quarter of 2026 and diluted loss per share of $(0.05) on its non-redeemable shares. The company, a blank‑check SPAC with no operating revenues prior to a business combination, recorded a slightly larger loss than the year-ago quarter.
Financial Highlights
- Net income: $(142,258) for Q2 2026, compared with $(137,495) in Q2 2025.
- Diluted earnings per share: $(0.05) per share for Q2 2026 (non-redeemable shares), vs. $(0.08) in Q2 2025.
- Revenue: Not reported; the company is a blank‑check entity with no operating revenues prior to a business combination.
Business Highlights
- Business model and focus: Blank‑check SPAC formed to identify and complete one or more business combinations; no operating revenues to date.
- Operational activity: Primary activities limited to organizational matters, IPO preparation and target identification; increased due diligence and search costs expected as the transaction process continues.
- Cash & trust use: Funds held in the trust account are intended to finance an acquired target’s operations post‑combination; interest may be used for taxes or working capital.
- Costs and hiring: Management anticipates higher G&A, legal, accounting and auditing expenses as a public company and while pursuing a transaction.
- Liquidity plans and risks: Management expects to rely on sponsor loans and potential external financing to support transaction costs and maintain operational runway.
Original SEC Filing: Alpha Star Acquisition Corp [ ALSAF ] - 10-Q - Aug. 26, 2026