Starlink AI Acquisition Corporation is offering 10,000,000 units for a $100,000,000 public offering. Each unit is priced at $10.00 and consists of one ordinary share and one right to receive one-fourth of an ordinary share upon consummation of an initial business combination.
The prospectus states $100,500,000 (or $115,575,000 if the underwriter’s overallotment is exercised) will be deposited into a U.S.-based trust account. The sponsor committed to purchase 221,500 private units and holds 2,875,000 founder shares. Public shares are redeemable upon a qualifying business combination at an approximate pro rata redemption price of $10.05 per public share. The company is a Cayman Islands blank check company focused on identifying a target in North America, South America, Europe, or Asia and expects to list units on NYSE under OTAIU.
Starlink AI Acquisition Corp filed an initial insider ownership report for director Lu Richard Yuqiang. The filing does not list any common stock or derivative holdings for him at this time, and it shows no reported purchases, sales, exercises, gifts, or other transactions.
Starlink AI Acquisition Corp Chief Financial Officer Gao Ya (Gracie) has filed an initial Form 3, which is the SEC’s statement of beneficial ownership for company insiders. This filing reports no stock purchases, sales, or other transactions by the CFO at this time.
Starlink AI Acquisition Corp director Feng Xue has filed an initial ownership report on Form 3. This filing simply identifies Xue as a director and establishes their status as an insider of the company, but it does not report any stock purchases, sales, or other transactions.
Starlink AI Acquisition Corp director and Chief Executive Officer Liu Yiheng (Gus) filed an initial ownership report showing indirect control over 2,875,000 ordinary shares. These shares are owned by JKapital Ltd., a British Virgin Islands company wholly owned by Liu. Of this amount, 375,000 shares are subject to forfeiture depending on the underwriter's over-allotment exercise, as described in the company's Form S-1 registration statement. The filing records existing holdings rather than a new purchase or sale.
Starlink AI Acquisition Corp disclosed that JKapital Ltd., a ten percent owner, holds 2,875,000 Ordinary Shares of the company. According to the filing, 375,000 of these shares are subject to forfeiture depending on the underwriter's over-allotment exercise described in the related Form S-1.