Quarterly ResultJun 18, 2026, 06:06 AM
Starlink AI Acquisition Corp Reports Q1 Net Loss of $32,856
AI Summary
Starlink AI Acquisition Corp (OTAI) filed its 10-Q report for the period ending April 30, 2026. The company reported a net loss of $32,856 for the quarter. Total assets grew to $718,184, while liabilities also increased to $780,827. Cash reserves saw a significant increase, reaching $399,100. However, the company faces a substantial working capital deficit of $381,727 and has incurred significant deferred offering costs. The company is an early-stage blank check company and has not yet commenced operations or completed a business combination.
Key Highlights
- Starlink AI Acquisition Corp reported a net loss of $32,856 for the three months ended April 30, 2026.
- Total assets increased to $718,184 as of April 30, 2026, from $332,134 as of January 31, 2026.
- Total liabilities increased to $780,827 as of April 30, 2026, from $361,921 as of January 31, 2026.
- Cash balance increased to $399,100 as of April 30, 2026, from $100,000 as of January 31, 2026.
- The company has a working capital deficit of $381,727 as of April 30, 2026.
- Deferred offering costs increased to $319,084 as of April 30, 2026, from $232,134 as of January 31, 2026.
Price Impact
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