DLA Piper advises Starlink AI Acquisition Corporation on USD100 million IPO

Global law firm DLA Piper advised Starlink AI Acquisition Corporation, a Cayman Islands-incorporated special purpose acquisition company (SPAC), on its USD100 million initial public offering (IPO).

The IPO comprised 10,000,000 units priced at USD10.00 per unit, with each unit consisting of one ordinary share and one right to receive one-quarter of one ordinary share upon the completion of an initial business combination. The units began trading on the New York Stock Exchange under the ticker symbol “OTAIU” on 8 May 2026, and the IPO closed on 11 May 2026.

A.G.P./Alliance Global Partners acted as sole book-running manager for the IPO.

Starlink AI Acquisition Corporation is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination with one or more businesses or entities. The company intends to conduct a search for target businesses without being limited to a particular industry.

The DLA Piper team was led by US securities partner Yang Ge, with support from senior consultant Olivia Lai, consultant Yuchen Ni and legal assistant Kristin Shao. The team is based in Beijing and is part of the firm’s Corporate practice. 

This completion of this IPO marks the latest in a series of significant capital markets transactions for DLA Piper, underscoring the firm’s depth of experience and established track record in equity capital markets across border.