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AI brief of an SEC Form 8-K · Starlink AI Acquisition Corp (OTAI)

Starlink AI agrees to merge with Spider Digital in $250 million deal

Neutral Impact 5 of 5 m&a Written later

Starlink AI Acquisition Corp (OTAI), a blank check company, signed a business combination agreement on October 30, 2026 with Singapore-based Spider Digital Technology, a cryptocurrency mining pool operator. Spider Digital is valued at $250 million, and the transaction would take it public through a new holding company, PubCo, expected to list on the New York Stock Exchange. The deal requires approval from both companies' shareholders and an effective Form F-4 registration statement, so shareholders will have a vote on it.

Key points

  • Spider Digital valued at $250 million; about 25,000,000 PubCo ordinary shares to be issued to Spider Digital shareholders
  • OTAI units separate into shares and rights; each four rights convert into one PubCo share
  • PubCo board of five directors, chaired by Spider Digital founder Chen Hua, with one seat designated by the sponsor JKapital Ltd.
  • If the deal terminates due to certain Spider Digital breaches or a failed Spider Digital shareholder vote, Spider Digital reimburses up to $500,000 of expenses

The filing

CompanyStarlink AI Acquisition Corp (OTAI)
Form8-K, current report
Filed with the SECNov 2, 2026, 6:51 PM ET
Accession number0001493152-26-049653

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.