SPAC Starlink AI Acquisition closes $100M IPO; $2.215M private placement

Starlink AI Acquisition Corp

• 10M units at $10/unit; gross proceeds $100M, plus 221,500 private units at $10 each for $2.215M.
• Net proceeds $100.5M deposited in trust for public shareholders; held as cash or US treasury obligations.
• Units trade on NYSE as OTAIU; ordinary shares (OTAI) and rights (OTAIR) to trade separately later.
• Appointed independent directors Richard Lu and Xue Feng; formed audit, compensation, nominating committees.
• Sponsor has demand/piggyback registration rights; private units locked up 30 days post-business combination.

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