Corporate ActionMay 11, 2026, 05:03 PM
OTAI Closes $100M IPO; Units Begin Trading on NYSE
AI Summary
Starlink AI Acquisition Corporation, a blank check company, announced the closing of its initial public offering, raising aggregate gross proceeds of $100,000,000. The offering involved 10,000,000 units priced at $10.00 each. The units began trading on the NYSE under the ticker symbol "OTAIU" on May 8, 2026, with ordinary shares and rights expected to trade separately under "OTAI" and "OTAIR" respectively. A.G.P./Alliance Global Partners served as the sole book-running manager for the offering.
Key Highlights
- Starlink AI Acquisition Corp closed its initial public offering (IPO).
- The IPO consisted of 10,000,000 units at $10.00 per unit.
- Aggregate gross proceeds from the IPO totaled $100,000,000.
- Units began trading on NYSE under "OTAIU" on May 8, 2026.
- Each unit includes one ordinary share and one right for 1/4 of an ordinary share.
- Ordinary shares and rights are expected to trade as "OTAI" and "OTAIR" respectively.
- A.G.P./Alliance Global Partners acted as the sole book-running manager.