Starlink AI Acquisition Corporation prices $100 million IPO at $10 per unit

Starlink AI Acquisition Corporation priced its initial public offering of 10 million units at $10.00 per unit, raising $100 million. The blank check company incorporated in the Cayman Islands expects trading to begin on the New York Stock Exchange under ticker symbol "OTAIU" on May 8, 2026.

Each unit consists of one ordinary share and one right to receive one-fourth of an ordinary share upon completion of an initial business combination. The company expects the IPO to close on May 11, 2026, subject to customary closing conditions.

A.G.P./Alliance Global Partners serves as the sole book-running manager for the offering. The underwriter received a 45-day option to purchase up to 1.5 million additional units to cover over-allotments.

Once the securities begin separate trading, ordinary shares and rights are expected to trade on NYSE under symbols "OTAI" and "OTAIR," respectively. The Securities and Exchange Commission declared the company's registration statement effective on May 7, 2026.

The company intends to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses without limitation to a particular industry, according to the press release.

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