ALSAF — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-15

• For the three months ended March 31, 2026, we had a net loss of $(165,798), which consisted of operating costs of $172,613, offset by interest income on marketable securities held in the Trust Account of $4,329 and unrealized interest income on marketable securities held in the Trust Account of $2,4…

• For the three months ended March 31, 2025, net cash used in operating activities was $209,766. Net loss of $(200,767) consisted of formation and operating costs of $223,812, offset by interest earned on marketable securities held in trust of $23,045. Net cash used in financing activities was $10,504…

• On March 16, 2026, the Company entered into a loan agreement, by and among the Company and Sponsor, pursuant to which the Sponsor agreed to loan an aggregate of $500,000 to the Company, to cover the Company’s certain transaction costs and extension fee (the “2026 Loan”). The 2026 Loan is non-interes…

• On October 13, 2025, in consideration of the redemption levels by Alpha Star public shareholders and the balance of the Trust Account following the shareholder redemptions in connection with the business combination of the Company and OU XDATA GROUP among other factors, the Company, Ladenburg and OU…

• The preparation of unaudited consolidated financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the unaud…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• On September 4, 2024, we established a wholly owned subsidiary in the Cayman Islands, Xdata Group, which serves as the PubCo for our initial business combination in accordance with the Business Combination Agreement entered on September 12, 2024. Xdata Group (“PubCo)” has no operations, and only had…

• For the nine months ended September 30, 2025, we had a net loss of $(511,835), which consisted of operating costs of $545,744, offset by interest income on marketable securities held in the Trust Account of $31,817 and unrealized interest income on marketable securities held in the Trust Account of …

• For the three months ended September 30, 2024, we had a net loss of $(139,268), which consisted of operating costs of $459,346, offset by interest income on marketable securities held in the Trust Account of $ 278,247 and unrealized interest income on marketable securities held in the Trust Account …

• For the nine months ended September 30, 2024, we had a net income of $1,322,882, which consisted of operating costs of $808,801, offset by interest income on marketable securities held in the Trust Account of $2,089,852 and unrealized interest income on marketable securities held in the Trust Accoun…

• For the nine months ended September 30, 2024, net cash used in operating activities was $82,524. Net income of $1,322,882 consisted of formation and operating costs of $ 808,801 and offset by interest and dividends earned on marketable securities held in trust of $ 2,131,683. Net cash provided by in…

Text added vs the prior filing · source: 10-Q · 2026-05-15

• Management’s Report on Internal Controls Over Financial Reporting

• As required by SEC rules and regulations implementing Section 404 of the Sarbanes-Oxley Act (as defined in Rules 13a-15(e) and 15- d-15(e) under the Securities Exchange Act of 1934, as amended), our management is responsible for establishing and maintaining adequate internal control over financial r…

• (1) pertain to the maintenance of records that, in reasonable details, accurately and fairly reflect the transactions and dispositions of the assets of our company;

• (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and

• (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.