Alpha Star Acquisition CorpALSAF
Cash in trust
$815K
$814,834
Trust per share
$37.10
Redemption value
IPO
Dec 2021
$116M raised
Combination deadline
Dec 15, 2026
61 days remaining
Filings on record
138
Latest Oct 14, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Sep 13, 2024
Overview
Alpha Star Acquisition Corp is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001865111. It completed its initial public offering in Dec 2021, raising $116M in gross proceeds and listing on OTC. Class A shares trade under the ticker ALSAF on OTC. Definitive business-combination agreement signed, closing pending.
Reading the filings
Arithmetic on what Alpha Star Acquisition Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $37.10 per public share, 271.0% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Time on the clock
61 days to the Dec 15, 2026 deadline. Inside ninety days a sponsor has three routes and no others: close, call a shareholder vote to extend (which opens a redemption window and usually costs a monthly contribution into the trust), or liquidate and return the cash. This is the window where redemption arithmetic starts to dominate the share price.
From listing to the date Alpha Star Acquisition Corp must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
138 filings in all. 5 in the last three months, against a busiest month of 21.
Scores
Recomputed 6m agoThree readings of Alpha Star Acquisition Corp, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
ElevatedHow much does the structure protect a holder right now?
63/100
- Trust accretion100
$37.10 per share
- Runway25
61 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
LowHow much attention is this vehicle attracting right now?
24/100
- Filing activity46
2 in 30 days
- News coverage0
0 stories in 30 days
- Deal freshness26
announced 762 days ago
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ModerateHow likely is this vehicle to complete a combination, and at what scale?
44/100
- Trust scale4
$1M
- Stage85
definitive agreement signed
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on Alpha Star Acquisition Corp
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders; Other events
Items 1.01, 5.03, 5.07, 8.01, 9.01 · Accession 0001493152-26-046953
- DEF 14A
Definitive proxy statement
Accession 0001493152-26-043513
- PRE 14A
PRE 14A
Accession 0001493152-26-042120
- 10-Q
Quarterly report
Accession 0001493152-26-040220
- NT 10-Q
Late quarterly report notification
Accession 0001493152-26-038384
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.07, 8.01 · Accession 0001493152-26-029938
- DEF 14A
Definitive proxy statement
Accession 0001493152-26-026329
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001708828-26-000231
- 10-Q
Quarterly report
Accession 0001493152-26-023588
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001708828-26-000152
- 10-K
Annual report
Accession 0001493152-26-011791
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 9.01 · Accession 0001493152-26-011634
- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001493152-25-027346
- DEF 14A
Definitive proxy statement
Accession 0001493152-25-025060
- 10-Q
Quarterly report
Accession 0001493152-25-023453
- PRE 14A
PRE 14A
Accession 0001493152-25-023448
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001493152-25-018841
- 10-Q
Quarterly report
Accession 0001641172-25-024016
- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001641172-25-014817
- DEF 14A
Definitive proxy statement
Accession 0001641172-25-013195
- PRE 14A
PRE 14A filing
Accession 0001641172-25-012066
- 25-NSE
Notification of delisting
Accession 0001354457-25-000430
- 10-Q
Quarterly report
Accession 0001641172-25-010236
- 425
Business-combination communication
Accession 0001641172-25-008917
- 8-K
Submission of matters to a vote of security holders
Item 5.07 · Accession 0001641172-25-008271
- DEF 14A
Definitive proxy statement
Accession 0001641172-25-002937
- PRE 14A
PRE 14A filing
Accession 0001641172-25-001110
- 10-K
Annual report
Accession 0001493152-25-008023
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-000537
- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001493152-24-052212
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Alpha Star Acquisition Corp: questions answered
What is Alpha Star Acquisition Corp (ALSAF)?
Alpha Star Acquisition Corp is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001865111. It completed its initial public offering in Dec 2021, raising $116M in gross proceeds and listing on OTC. Class A shares trade under the ticker ALSAF on OTC. Definitive business-combination agreement signed, closing pending.
How much does Alpha Star Acquisition Corp hold in trust?
Approximately $814,834, or about $37.10 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Alpha Star Acquisition Corp complete a merger?
By Dec 15, 2026. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if Alpha Star Acquisition Corp does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Alpha Star Acquisition Corp, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $37.10 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Alpha Star Acquisition Corp trade under?
Class A shares trade as ALSAF on OTC. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Alpha Star Acquisition Corp?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
Is Alpha Star Acquisition Corp tradeable, and where?
Our market-data provider returns no quote for ALSAF. That is normal for a vehicle that has not begun trading, has been delisted after a wind-up, or is too thinly traded to carry a two-sided market. The absence of a quote is shown as "not quoted" rather than as a zero.
Is Alpha Star Acquisition Corp a good investment?
That is not a question this site answers. Alpha Star Acquisition Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Alpha Star Acquisition Corp data come from?
Filings Alpha Star Acquisition Corp submitted to the SEC under CIK 0001865111: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 15, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
All spacs with an announced deal
Definitive business-combination agreement signed, closing pending.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.