The IPO is now effective and units are expected to begin trading within 1-2 days. Monitor for the pricing date and first day of trading. As a blank check SPAC, the key catalyst will be the announcement of a target business combination within the 12-month window. No specific target has been identified.
Price Chart
Executive Summary
Starlink AI Acquisition Corp's S-1 registration statement for its IPO of 6,000,000 units at $10.00 per unit was declared effective by the SEC on May 7, 2026. The SPAC has 12 months to complete a business combination, with proceeds held in trust. The company can now begin trading, likely within 1-2 days.
Key Facts
- EFFECT notice filed May 7, 2026, making the S-1 registration effective for Starlink AI Acquisition Corp (OTAI).
- IPO consists of 6,000,000 units at $10.00 per unit, each unit comprising one ordinary share and one right (one-eighth of a share upon business combination).
- Underwriters have a 45-day option to purchase up to 900,000 additional units for over-allotments.
- Sponsor JKapital Ltd. committed to purchase 171,600 private units at $10.00 per unit in a concurrent private placement.
- The company has 12 months from the closing of the offering to complete an initial business combination, with potential for extension via shareholder vote.
- Proceeds from the IPO will be held in a trust account until a business combination or liquidation.
Financial Impact
Gross IPO proceeds of $60,000,000 (6,000,000 units × $10.00), plus up to $9,000,000 from over-allotment option. Sponsor private placement adds $1,716,000 (or $1,786,000 with full over-allotment). Total trust proceeds approximately $60,000,000 to $70,716,000.
Risk Factors
- SPAC may fail to identify a suitable business combination within 12 months, leading to liquidation and loss of trust proceeds.
- Chinese management team may limit attractiveness to non-PRC based targets.
- No specific business combination under consideration — high uncertainty on deal quality and timing.
- Dilution from rights and over-allotment shares.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001533 |
| Document: 9999999995-26-001533-index.html | 9999999995-26-001533 |
| Document: 9999999995-26-001533.txt | 9999999995-26-001533 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 15, 2026 23w ago | 8-K | $10.02 $10.14 | ▲ +1.20% | ▼ −0.92% | $10.11 (+0.90%) |
May 8, 2026 24w ago | 424B4 | — | awaiting T+20 | — | — |
May 8, 2026 24w ago | EFFECT | — | awaiting T+20 | — | — |
Apr 24, 2026 26w ago | S-1/A | — | awaiting T+20 | — | — |
Mar 5, 2026 33w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers