Starlink AI sponsor buys 221,500 units at $10
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.
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Form Type
4
Rhea-AI Filing Summary
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.
Insider Trade Summary
Net Buyer: 443,000 shares
Net Buy
2 txns
Insider
JKapital Ltd., Liu Yiheng (Gus)
Role
10% Owner | Chief Executive Officer
Bought
443,000 shs ($2.21M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Right | 221,500 | $0.00 | $0.00 |
| Purchase | Ordinary Shares | 221,500 | $10.00 | $2.21M |
Holdings After Transaction:
Right — 221,500 contracts (Direct);
Ordinary Shares — 3,096,500 shares (Direct)
Footnotes (4)
- F1. This report is filed jointly by (i) JKapital Ltd., a British Virgin Islands business company (the "Sponsor"), and (ii) Liu Yiheng (Gus), sole director of the Sponsor who beneficially owns 100.0% of the Sponsor's equity interests.
- F2. Reflects 221,500 units (each, a "Unit" and collectively, the "Units") of Starlink AI Acquisition Corporation (the "Issuer") purchased by the Sponsor in a private placement concurrent with the initial public offering of the Issuer. Each Unit consists of (i) one ordinary share, par value $0.0001 per share of the Issuer (each, an "Ordinary Share" and collectively, the "Ordinary Shares") and (ii) one right that entitles the holder thereof to receive one-fourth (1/4) of one Ordinary Share upon consummation of the Issuer's initial business combination (each, a "Right"). Each Right will automatically convert into one-fourth (1/4) of one Ordinary Share upon the Issuer's consummation of an initial business combination.
- F3. Includes (i) 2,875,000 Ordinary Shares previously reported by the Reporting Persons in the Form 3s filed by the Reporting Persons on May 7, 2026 and (ii) 221,500 Ordinary Shares included in the 221,500 Units acquired by the Reporting Persons in the transaction reported herein.
- F4. Includes 375,000 Ordinary Shares that are subject to forfeiture depending on the extent of the underwriter's over-allotment exercise, as described in the Issuer's registration statement on Form S-1 (File No. 333-292878).
Key Figures
Ordinary Shares purchased: 221,500 shares at $10.00
Total Ordinary Shares after transaction: 3,096,500 shares
Previously reported Ordinary Shares: 2,875,000 shares
+4 more
7 metrics
Ordinary Shares purchased
221,500 shares at $10.00
Open-market/placement purchase on 2026-05-07
Total Ordinary Shares after transaction
3,096,500 shares
Sponsor holdings following reported purchase
Previously reported Ordinary Shares
2,875,000 shares
Holdings disclosed on Form 3s filed on 2026-05-07
Rights acquired
221,500 rights
Derivative securities acquired with Units on 2026-05-07
Underlying shares from Rights
55,375 Ordinary Shares
Each Right converts into one-fourth of one share
Shares subject to forfeiture
375,000 Ordinary Shares
Dependent on underwriter’s over-allotment exercise
Net buy shares
443,000 securities
Net buy across non-derivative and derivative entries
Key Terms
private placement, initial public offering, initial business combination, underwriter's over-allotment exercise, +2 more
6 terms
private placement financial
"purchased by the Sponsor in a private placement concurrent with the initial public offering"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
initial public offering financial
"private placement concurrent with the initial public offering of the Issuer"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
initial business combination financial
"upon consummation of the Issuer's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
underwriter's over-allotment exercise financial
"subject to forfeiture depending on the extent of the underwriter's over-allotment exercise"
registration statement on Form S-1 regulatory
"as described in the Issuer's registration statement on Form S-1"
A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.
beneficially owns financial
"beneficially owns 100.0% of the Sponsor's equity interests"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Starlink AI Acquisition Corp (OTAI) report?
Starlink AI Acquisition Corp’s sponsor JKapital Ltd. reported buying 221,500 Ordinary Shares at $10.00 each and 221,500 Rights. These transactions occurred in a private placement concurrent with the company’s initial public offering, increasing the sponsor’s overall ownership stake.
What are the Starlink AI (OTAI) Rights acquired by the sponsor?
The sponsor acquired 221,500 Rights, each tied to a Unit. Each Right automatically converts into one‑fourth of one Ordinary Share upon completion of Starlink AI Acquisition Corp’s initial business combination, providing additional potential equity if a qualifying merger is successfully consummated.
Who is Liu Yiheng (Gus) in relation to Starlink AI (OTAI) and JKapital?
Liu Yiheng (Gus) is the Chief Executive Officer and a director of Starlink AI Acquisition Corp and the sole director of JKapital Ltd. He beneficially owns 100% of JKapital’s equity interests, tying his economic stake directly to the sponsor’s holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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