Alpha Star Acquisition Corp
ALSA

Market Cap: 68.8M

About: Alpha Star Acquisition Corp 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.

Financials Blank Checks

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

18.71% less ownership

Funds ownership: 65.1% [Q4 2023] → 46.38% (-18.71%) [Q1 2024]

28% less capital invested

Capital invested by funds: $89.4M [Q4 2023] → $64.4M (-$25M) [Q1 2024]

35% less funds holding

Funds holding: 31 [Q4 2023] → 20 (-11) [Q1 2024]

38% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 8

85% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 13

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Research analyst outlook

We haven’t received any recent analyst ratings for ALSA.

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Financial journalist opinion

Neutral

GlobeNewsWire

1 month ago

Alpha Star Acquisition Corporation Signs Letter of Intent for a Business Combination

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Alpha Star Acquisition Corporation, a Cayman Islands exempted company (NASDAQ: ALSA) (the “Company” or “Alpha Star”) announced today that it has entered into a letter of intent (LOI) with XDATA GROUP OÜ (“Xdata”), an Estonia-based financial technology solutions company on June 19, 2024.