---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-001957"
form_type: "8-K"
ticker: "ALSAF"
cik: "0001865111"
company_name: "Alpha Star Acquisition Corp"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:35:11.898991+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alpha Star Acquisition restates financials due to classification errors; non-reliance on prior statements

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-24-001957
- form_type: 8-K
- ticker: ALSAF
- cik: 0001865111
- company_name: Alpha Star Acquisition Corp
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865111/000182912624001957/0001829126-24-001957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865111/000182912624001957/alphastaracq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-001957
- JSON: https://secwatch.observer/filing/0001829126-24-001957.json
- Plain text: https://secwatch.observer/filing/0001829126-24-001957.txt

## Key facts
- Auditor Changes
  Alpha Star Acquisition Corp reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865111/000182912624001957/0001829126-24-001957-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.