Alpha Star Acquisition Corp (ALSAF): auditor change — Alpha Star Acquisition restates financials due to classification errors; non-reliance on prior statements

Alpha Star Acquisition Corp

Cash held in trust account reclassified from current assets to long-term assets.
Deferred underwriting commission reclassified from current liabilities to long-term liabilities.
Restating audited FY2021 and FY2022, unaudited Q1-Q3 2022 and Q1-Q3 2023 financials.
No impact on cash or trust balance; material weakness in internal controls identified.
Audit committee determined prior financial statements should no longer be relied upon.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Alpha Star Acquisition Corp reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

ecember 21, 2021 (the “ Prior 8-K ”) should no longer be relied upon due to the classification errors described above. As a result, the Company plans to amend the Prior 10-Ks to restate its audited financial statements as of and for the year ended December

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Source: SEC EDGAR

accession 0001829126-24-001957

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