Alpha Star Acquisition Corporation

AI-generated fair value estimate for this company.

Method: Trust-cash-per-share (NAV) valuation for a pre-combination SPAC: $829,887 total trust account balance (marketable securities held in trust) as of 3/31/2026, divided by 3,226,962 total ordinary shares outstanding (3,205,000 non-redeemable founder shares plus 21,962 redeemable public shares as of 5/15/2026) = approximately $0.26 per share on a fully blended basis.

Reasoning: Alpha Star Acquisition Corp is a blank-check SPAC with no operating business, pursuing a business combination with OU XDATA GROUP under a deadline extended to 12/15/2026, so trust cash is the only tangible asset and a DCF does not apply; only the 21,962 redeemable public shares carry a guaranteed pro-rata trust claim (disclosed redemption value of $36.78/share), while the much larger pool of 3,205,000 founder shares has no trust claim and would receive $0 if no deal closes, so the blended per-share figure better reflects what a holder of the single ALSAF share class is entitled to on average; the ~$2.3M working-capital deficit outside trust and the thinly-traded market price of $15.40 (last volume just 121 shares) both appear disconnected from this NAV and reflect speculative/illiquid pricing on deal completion, not verified asset backing.