Alpha Star Acquisition ALSAF

Alpha Star Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company has not engaged in any significant business operations since its inception and its sole activity to date has been identifying and evaluating potential acquisition targets. As of the date of this report, Alpha Star Acquisition Corporation is in the process of consummating its proposed business combination with OU XDATA GROUP.

Alpha Star Acquisition Corporation does not generate revenue from the sale of products or services. The company has had no revenue and has incurred losses from operations since its inception and since the completion of its initial public offering. Its primary source of funds is the proceeds held in its trust account from the initial public offering and private placement of units, which are intended to be used to finance a business combination.

The company operates through the following segments:

• No specific operational segments are reported in the filing. The company's activities are limited to the pursuit of an initial business combination and related administrative functions. As a blank check company, it does not maintain distinct business lines or operational divisions that would constitute reportable segments under accounting standards.

Alpha Star Acquisition Corporation operates in the highly competitive special purpose acquisition company (SPAC) industry, where numerous blank check companies seek to identify and acquire private businesses to take public. The company competes with other SPACs, private equity firms, and strategic acquirers for attractive target businesses. Its competitive position is strengthened by its status as a publicly traded company, which offers target businesses an alternative to a traditional initial public offering by providing access to public capital markets and a public profile.

As a blank check company seeking a business combination, Alpha Star Acquisition Corporation does not have an established customer base for products or services. Its stakeholders include public shareholders who invested in its initial public offering, the sponsor A-Star Management Corporation, and potential target businesses such as OU XDATA GROUP with which it seeks to combine. The company engages with investors, financial advisors, legal counsel, and regulatory bodies in pursuit of its business combination objectives.