A pair of alkaloid enantiomers possessing a novel 1-oxaspiro[4.4]non-3-ene-2,7-dione skeleton, trichodermotin A (1), was obtained from the fungus Trichoderma asperellum. Spectroscopic data, X-ray diffraction, and ECD calculations were used to establish its structure and absolute configuration. (−)-1 showed significant α-glucosidase inhibitory activity (IC 50 = 10.1 μmol/L vs. 60.1 μmol/L of positive control). A plausible biosynthetic pathway originating from L-β-phenylalanine was proposed, and a facile total synthesis was further accomplished. The key reaction of our synthetic strategy was a domino aza-Michael/lactonization in one pot, leading to the pivotal 4-amino-oxaspiro[4.4]octane scaffold.