SPAC Starlink AI Acquisition increases shares offered by 67% ahead of $100 million IPO
IPO Overview
Starlink AI Acquisition, a blank check company targeting businesses in the Americas, Europe, and Asia, raised the proposed deal size for its upcoming IPO on Thursday.
The New York, NY-based company now plans to raise $100 million by offering 10 million units at a price of $10. The company had previously filed to raise $60 million by offering 6 million units at the same price. Each unit consists of one share of common stock and one right to receive one-eighth of one ordinary share upon the consummation of an initial business combination.
Starlink AI Acquisition is led by CEO and Director Gus Liu, the CEO of WeSoul Labs. Effective upon the offering, he will be joined by CFO Gracie Gao, an associate at E Fund Management. The SPAC plans to target businesses in North America, South America, Europe, or Asia. The company has no affiliation to Elon Musk’s start-up Starlink.
Starlink AI Acquisition was founded in 2025 and plans to list on the NYSE under the symbol OTAIU. A.G.P. is the sole bookrunner on the deal.
About the Company
Starlink AI Acquisition Corporation is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Our efforts to identify a prospective target business will not be limited to a particular industry, while we intend to focus on identifying a prospective target business in North America, South America, Europe, or Asia. The management team possesses a deep understanding of the technology space and market opportunities globally and in our focus region.
