# EDGAR Filing Document

**Accession Number:** 0001777529
**File Stem:** 0001213900-25-120132
**Filing Date:** 2025-12
**Character Count:** 5118
**Document Hash:** 14612d71ddb556ba1109c5c3db44d6ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-120132.hdr.sgml**: 20251210

**ACCESSION NUMBER**: 0001213900-25-120132

**CONFORMED SUBMISSION TYPE**: NT-NCSR

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251210

**DATE AS OF CHANGE**: 20251210

**EFFECTIVENESS DATE**: 20251210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alpha Alternative Assets Fund
- **CENTRAL INDEX KEY:** 0001777529

**ORGANIZATION NAME:**
- **EIN:** 834704416
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NT-NCSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23447
- **FILM NUMBER:** 251562547

**BUSINESS ADDRESS:**
- **STREET 1:** 1615 SOUTH CONGRESS AVENUE
- **STREET 2:** SUITE 103
- **CITY:** DELRAY BEACH
- **STATE:** FL
- **ZIP:** 33445
- **BUSINESS PHONE:** 720-638-2038

**MAIL ADDRESS:**
- **STREET 1:** 1615 SOUTH CONGRESS AVENUE
- **STREET 2:** SUITE 103
- **CITY:** DELRAY BEACH
- **STATE:** FL
- **ZIP:** 33445

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** A3 Alternative Income Fund
- **DATE OF NAME CHANGE:** 20210407

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** A3 Alternative Credit Fund
- **DATE OF NAME CHANGE:** 20190522

**UNITED STATES**<br> **SECURITIES AND EXCHANGE COMMISSION**<br> **Washington, D.C. 20549**

**AMENDED FORM 12b-25**

**NOTIFICATION OF LATE FILING**

(Check One): ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q <br> ☐ Form 10-D ☐ Form N-CEN ☒ Form N-CSR

For Period Ended: <u>September 30, 2025</u>

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

☐ Transition Report on Form N-CEN

For the Transition Period Ended: ________________

*Read Instruction (on back page) Before Preparing Form. Please print or type.*

**Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.**

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

**PART I**<br> **REGISTRANT INFORMATION**<br>**<u>Alpha Alternative Assets Fund</u>**<br> Full Name of Registrant

**<u>1615 South Congress Avenue, Suite 103</u>**

Address of Principal Executive Office (Street and Number)

**<u>Delray Beach, FL 33445</u>**

City, State and Zip Code

**PART II<br> RULES 12b-25(b) AND (c)**

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)

☒ (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable
effort or expense;

☒ (b) The subject Form N-CSR, or portion thereof, will be filed on
or before the fifteenth calendar day following the
prescribed due date; and

☐ (c) The accountant's statement or other exhibit required by Rule 12b- 25(c) has been attached if applicable.

**PART III<br> NARRATIVE**

State below in reasonable detail why Form N-CSR or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra Sheets if Necessary)

Revisions were made to the valuations of certain of the Fund's holdings by management later in the audit cycle. Accordingly, the Registrant is unable to complete the Form N-CSR and transmit the annual report to the shareholders for the fiscal year ended September 30, 2025, within the prescribed time period without unreasonable effort or expense. Because the audit of the financial statements is still in progress, the related accountant's audit and internal control reports would also be delayed. The Form N-CSR will be filed as soon as possible.

**PART IV<br> OTHER INFORMATION**

(1) Name and telephone number of person to contact in regard to this notification:

<u>Stephen Kyllo (651)-261-2635</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Name) (Area Code) (Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes ☒ No ☐

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? Yes ☐ No ☒

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

<u>Alpha Alternative Assets Fund</u><br> (Name of Registrant as Specified in Charter)

The undersigned has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

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| | |
|:---|:---|
| Date: | December 10, 2025 |
| By: | /s/ Stephen Kyllo |
|  | Stephen Kyllo, President |

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