{"url":"https://newsforagent.com/news/2026-10-30/spider-digital-starlink-ai-business-combination","markdown_url":"https://newsforagent.com/news/2026-10-30/spider-digital-starlink-ai-business-combination.md","title":"Spider Digital to Go Public in $250 Million Starlink AI SPAC Deal","headline":"Spider Digital and Starlink AI Sign $250 Million Business Combination for NYSE Listing","description":"Spider Digital will go public through a $250 million business combination with Starlink AI Acquisition.","section":"IPOs & Listings","published_at":"2026-10-30T23:02:57+00:00","modified_at":"2026-10-30T23:02:57+00:00","author":"News Desk","key_takeaways":["Spider Digital and Starlink AI Acquisition signed a definitive business combination agreement on October 30, 2026, valuing Spider Digital at $250 million.","The deal would make Spider Digital and Starlink AI wholly owned subsidiaries of a new public company, Spider Digital Technology Group.","Completion requires shareholder approval from both companies, an effective Form F-4 registration statement and NYSE listing approval.","Starlink AI priced a $100 million IPO on the NYSE in May 2026 under the symbol OTAI.U."],"companies":[{"name":"Starlink AI Acquisition","is_primary":true,"profile_url":null,"website":null},{"name":"SpiderPool","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000u48g/spiderpool","website":"https://www.spiderpool.com"}],"source":{"publisher":"GlobeNewswire","title":"Spider Digital Technology Ltd. and Starlink AI Acquisition Corporation Announce Definitive Business Combination Agreement","url":"https://www.globenewswire.com/news-release/2026/10/30/3392688/0/en/spider-digital-technology-ltd-and-starlink-ai-acquisition-corporation-announce-definitive-business-combination-agreement.html"},"other_sources":[],"tags":["IPOs & Listings","Starlink AI Acquisition","SpiderPool"],"body_markdown":"Spider Digital Technology Ltd. And Starlink AI Acquisition Corporation signed a definitive business combination agreement on October 30, 2026, valuing Spider Digital at $250 million. [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/30/3392688/0/en/spider-digital-technology-ltd-and-starlink-ai-acquisition-corporation-announce-definitive-business-combination-agreement.html) said the deal would take the Singapore-based cryptocurrency mining pool operator public in the United States.\n\n## How the Spider Digital Merger Is Structured\n\nThe agreement was signed by Starlink AI, [Spider Digital](https://akta.pro/company-data), Spider Digital Technology Group, Spider Digital Merger Ltd and StarLink AI Merger Ltd. Under the structure, Spider Digital Merger Ltd will merge into Spider Digital, then StarLink AI Merger Ltd will merge into Starlink AI. Both companies would survive as wholly owned subsidiaries of Spider Digital Technology Group, which is expected to become a publicly listed company in the United States.\n\nChen Hua, chairman, chief executive officer and founder of Spider Digital, said: \"Over the years, we have built our mining pool business on proprietary technology, operational experience and a strong technical team.\" Gus Liu, chairman and chief executive officer of Starlink AI, said the transaction offers \"an opportunity to support Spider Digital's next stage of development.\"\n\nSpider Digital operates its own mining pool system and maintains independent block generation capabilities, according to its [company announcement](https://www.spiderpool.com). The company does not share mining pool control rights or hashrate scheduling authority with third-party operators.\n\nEkberg, Fagre & Seem LLP and Ogier are acting as U.S. And Cayman Islands legal advisors to Starlink AI. DLA Piper UK LLP and Appleby are acting as U.S. And Cayman Islands legal advisors to Spider Digital.\n\n## Starlink AI's Path to the Spider Digital Deal\n\nStarlink AI priced a $100 million IPO on the NYSE under the symbol OTAI.U, with units expected to begin trading on May 8, 2026 and the offering scheduled to close on May 11, 2026, according to SPACInsider. Techjacksolutions reported that the company closed the $100 million IPO on the NYSE on May 11, 2026, pricing 10 million units at $10 each under ticker OTAI.U.\n\nAmerican Banking and Market News reported that Starlink AI's lock-up period expires November 4th, allowing insiders and major shareholders to sell shares. The same outlet said the company issued 10 million shares in the $100 million IPO on May 8th.\n\n## What Must Happen Before the NYSE Listing\n\nCompletion of the business combination is subject to approval by the shareholders of both Starlink AI and Spider Digital, the effectiveness of Spider Digital Technology Group's registration statement on Form F-4, NYSE listing approval and other customary closing conditions. Starlink AI will file a Current Report on Form 8-K with the SEC that includes a copy of the Definitive Agreement.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}