Alpha Star Acquisition Corporation (ALSAF) is a blank check company focused on a business combination with OU XDATA GROUP (XDATA), an Estonian company. The company reported a net loss of $(165,798) for the three months ended March 31, 2026, compared to a net loss of $(200,767) for the same period in 2025. Operating costs decreased to $172,613 in Q1 2026 from $223,812 in Q1 2025. Interest and dividends earned in the trust account were $6,815 in Q1 2026, down from $23,045 in Q1 2025. As of March 31, 2026, the company had no cash balance and a working capital deficit of $2,293,398, worsening from $2,015,785 at December 31, 2025. Marketable securities held in the trust account increased to $829,887 as of March 31, 2026, from $718,072 at December 31, 2025. The company's securities were delisted from Nasdaq on December 23, 2024, and now trade on the OTCID Market, though it intends to apply for Nasdaq listing post-merger. Shareholders approved an extension to consummate a business combination until December 15, 2026. The Sponsor (A-Star Management Corporation) continues to provide financing through promissory notes and loan agreements, including a new $500,000 non-interest bearing loan on March 16, 2026. A material weakness in internal control over financial reporting was identified as of December 31, 2025, related to ineffective review and approval procedures over journal entries and financial statement preparation. The business combination agreement with OU XDATA GROUP was entered into on September 12, 2024, involving a reincorporation merger and share exchange, with PubCo (Xdata Group) becoming the publicly traded entity. XDATA Group (PubCo) has assumed financial responsibility for its business operating costs starting September 1, 2024, incurring $25,680 in Q1 2026 and $66,966 in Q1 2025, which are paid or will be paid by XDATA.