Starlink AI Acquisition Corporation, a Cayman Islands blank check company, has completed its initial public offering. The company sold 10,000,000 units at $10.00 each, with every unit containing one ordinary share and one right to receive one-fourth of an ordinary share, raising gross proceeds of $100,000,000.
At the same time, the sponsor purchased 221,500 private units at $10.00 per unit for $2,215,000. As of May 11, 2026, a total of $100,500,000 from the IPO and private placement was placed into a trust account for the benefit of public shareholders. The company also put in place its key IPO-related agreements, adopted an Amended and Restated Memorandum and Articles of Association, and appointed independent directors Richard Lu and Xue Feng to the board and its committees.
Starlink AI Acquisition Corp sponsor JKapital Ltd., together with CEO Liu Yiheng (Gus), reported open‑market purchases tied to the company’s initial public offering. The sponsor bought 221,500 Ordinary Shares at $10.00 per share, increasing its direct holdings to 3,096,500 Ordinary Shares.
The sponsor also acquired 221,500 Rights, each forming part of a Unit that includes one Ordinary Share and one Right. Each Right entitles the holder to receive one‑fourth of one Ordinary Share upon completion of the company’s initial business combination, so these Rights are structured to convert after a successful deal, adding to the sponsor’s potential equity stake.