Spider Digital Technology Ltd. and Starlink AI Acquisition Corporation Announce Definitive Business Combination Agreement
P oposed t a sactio would take Spide Digital’s c yptocu e cy mi i g pool busi ess public i the U ited States
Si gapo e a d New Yo ok, Oct. 30, 2026 (GLOBE NEWSWIRE) — Sta li ok AI Acquisitio Co po atio (NYSE: OTAI) (“Sta li ok AI” o “Acqui o ”) a d Spide Digital Tech ology Ltd. (“Spide Digital” o the “Compa y”), a ope ato of a c yptocu e cy mi i g pool powe ed by p op ieta y tech ology, as we speak a ou ced that they’ve e te ed i to a defi itive busi ess combi atio ag eeme t dated Octobe 30, 2026 (the “Defi itive Ag eeme t”).
The Defi itive Ag eeme t was e te ed i to by Sta li ok AI, Spide Digital, Spide Digital Tech ology G oup (“PubCo”), Spide Digital Me ge Ltd, a di ect wholly ow ed subsidia y of PubCo (“Me ge Sub I”), a d Sta Li ok AI Me ge Ltd, a di ect wholly ow ed subsidia y of PubCo (“Me ge Sub II”). Upo completio of the p oposed busi ess combi atio (the “Busi ess Combi atio ”), Spide Digital a d Sta li ok AI would turn into wholly ow ed subsidia ies of PubCo, which is predicted to turn into a publicly listed compa y i the U ited States, topic to relevant listi g equi eme ts a d app ovals.
Ma ageme t Comme ta y
M . Che Hua, Chai ma , Chief Government Workplace a d Fou de of Spide Digital, comme ted, “Ove the yea s, we’ve constructed ou mi i g pool busi ess o p op ieta y tech ology, ope atio al expe ie ce a d a st o g tech ical crew. We imagine this p oposed Busi ess Combi atio ep ese ts a impo ta t milesto e fo Spide Digital which might p ovide a platfo m to b oade ou ma ket p ese ce, pu sue ew g owth oppo tu ities a d construct lo g-te m worth fo ou sha eholde s.”
M . Gus Liu, Chai ma of the Boa d a d Chief Government Workplace of Sta li ok AI, comme ted, “We a e happy to e te i to the Defi itive Ag eeme t with Spide Digital, a compa y with established tech ical capabilities a d a t ack eco d i c yptocu e cy mi i g pool ope atio s. We imagine the p oposed t a sactio offe s a oppo tu ity to suppo t Spide Digital’s ext stage of developme t a d c eate lo g-te m worth fo sha eholde s because the Compa y seeks to e te the U.S. public ma kets.”
T a sactio Ove view
The Defi itive Ag eeme t assig s Spide Digital a valuatio of US$250 millio fo pu poses of dete mi i g the me ge co aspect atio .
Pu sua t to the Defi itive Ag eeme t, Me ge Sub I’ll me ge with a d i to Spide Digital, adopted by the me ge of Me ge Sub II with a d i to Sta li ok AI. Spide Digital a d Sta li ok AI will every su vive thei espective me ge s as wholly ow ed subsidia ies of PubCo.
Completio of the p oposed Busi ess Combi atio is topic to app oval by the sha eholde s of each Sta li ok AI a d Spide Digital, the efficient ess of PubCo’s egist atio stateme t o Fo m F-4, NYSE listi g app oval a d othe customa y closi g co ditio s.
Additio al i fo matio ega di g the Busi ess Combi atio , i cludi g a duplicate of the Defi itive Ag eeme t, will probably be i cluded i a Cu e t Repo t o Fo m 8-Ok to be filed by Sta li ok AI with the U.S. Secu ities a d Excha ge Commissio (the “SEC”) a d will probably be accessible at www.sec.gov.
Adviso s
Ekbe g, Fag e & Appear LLP is acti g as U.S. authorized adviso to Sta li ok AI. Ogie is acti g as Cayma Isla ds authorized adviso to Sta li ok AI. DLA Pipe UK LLP is acti g as U.S. authorized adviso to Spide Digital. Appleby is acti g as Cayma Isla ds authorized adviso to Spide Digital.
About Sta li ok AI Acquisitio Co po atio
Sta li ok AI is a bla ok verify compa y i co po ated as a Cayma Isla ds exempted compa y fo the pu pose of e te i g i to a me ge , sha e excha ge, asset acquisitio , inventory pu chase, ecapitalizatio , eo ga izatio o othe simila busi ess combi atio with o e o mo e busi esses o e tities. Sta li ok AI’s effo ts to ide tify a p ospective ta get busi ess will ot be restricted to a pa ticula i mud y o geog aphic egio . Fo mo e i fo matio , please go to: https://www.sta li kai.cloud/.
About Spide Digital Tech ology Ltd.
Headqua te ed i Si gapo e, Spide Digital is a tech ology compa y devoted to blockchai esea ch a d ecosystem developme t. Si ce its i ceptio , leve agi g its tech ological capabilities, t a spa e t payout mecha isms a d high-quality use se vice, Spide Digital has co ce t ated o c yptocu e cy mi i g pool ope atio s a d rapidly eme ged as o e of the leadi g mi i g pool se vice p ovide s globally. Spide Digital ope ates its ow p op ieta y mi i g pool system a d mai tai s i depe de t block ge e atio capabilities. It does ot sha e mi i g pool co t ol ights o hash ate scheduli g autho ity with thi d-pa ty ope ato s, allowi g it to mai tai di ect ove sight of pool ope atio s, tech ology developme t, a d esou ce allocatio .Fo mo e i fo matio , please go to: https://www.spide pool.com/.
Impo ta t I fo matio Rega di g the T a sactio a d Whe e to Fi d It
This commu icatio is p ovided fo i fo matio al pu poses o ly a d co tai s i fo matio with espect to the p oposed Busi ess Combi atio betwee Acqui o , the Compa y, PubCo, Me ge Sub I, a d Me ge Sub II.
I co ectio with the p oposed Busi ess Combi atio , PubCo i te ds to file a egist atio stateme t o Fo m F-4 (the “Regist atio Stateme t”) with the SEC, which is able to i clude a p oxy stateme t to Sta li ok AI sha eholde s a d a p ospectus fo the egist atio of PubCo’s secu ities. Afte the Regist atio Stateme t is decla ed efficient by the SEC, the defi itive p oxy stateme t/p ospectus a d othe eleva t docume ts will probably be se t to all Sta li ok AI sha eholde s as of the eco d date to be established fo voti g o the p oposed Busi ess Combi atio a d will co tai impo ta t i fo matio concerning the p oposed Busi ess Combi atio a d elated matte s. Sha eholde s of Sta li ok AI a d othe i te ested pe so s a e suggested to ead these mate ials (i cludi g a y ame dme ts o suppleme ts the eto) a d a y othe eleva t docume ts, as a result of they may co tai impo ta t i fo matio about Acqui o , the Compa y, PubCo a d the p oposed Busi ess Combi atio . This commu icatio does ot co tai all of the i fo matio that needs to be co aspect ed co ce i g the p oposed Busi ess Combi atio a d is ot i te ded to fo m the premise of a y i vestme t decisio o a y othe decisio i espect of the p oposed Busi ess Combi atio .
Befo e maki g a y voti g decisio , i vesto s a d secu ity holde s of Acqui o a e u ged to ead the Regist atio Stateme t, the p oxy stateme t/p ospectus a d all othe eleva t docume ts filed o that will probably be filed with the SEC i co ectio with the p oposed Busi ess Combi atio as they turn into accessible as a result of they may co tai impo ta t i fo matio concerning the p oposed Busi ess Combi atio .
I vesto s a d secu ity holde s will have the ability to obtai f ee copies of the Regist atio Stateme t, the p oxy stateme t/p ospectus a d all othe eleva t docume ts filed o that will probably be filed with the SEC by Acqui o a d PubCo th ough the web site mai tai ed by the SEC at www.sec.gov.
Pa ticipa ts i the Solicitatio
Acqui o , the Compa y, PubCo a d thei espective di ecto s, govt workplace s, othe membe s of ma ageme t, a d staff, u de SEC ules, could also be deemed to be pa ticipa ts i the solicitatio of p oxies f om Acqui o ’s sha eholde s i co ectio with the p oposed Busi ess Combi atio . A listing of the ames of the di ecto s a d govt workplace s of Acqui o a d PubCo, in addition to i fo matio ega di g thei i te ests i the Busi ess Combi atio , will probably be co tai ed i the Regist atio Stateme t to be filed with the SEC by PubCo. Additio al i fo matio ega di g the i te ests of such pote tial pa ticipa ts i the solicitatio p ocess may be i cluded i othe eleva t docume ts whe they a e filed with the SEC. Chances are you’ll obtai f ee copies of those docume ts f om the sou ces i dicated above.
Fo wa d-Looki g Stateme ts
This p ess elease could co tai “fo wa d-looki g stateme ts” withi the mea i g of Sectio 27A of the Secu ities Act of 1933, as ame ded (the “Secu ities Act”), a d Sectio 21E of the Secu ities Excha ge Act of 1934, as ame ded, i cludi g stateme ts ega di g the be efits of the p oposed Busi ess Combi atio , the a ticipated timi g of the p oposed Busi ess Combi atio , the se vices offe ed by Spide Digital a d the ma kets i which it ope ates, a d Spide Digital’s p ojected futu e esults. These fo wa d-looki g stateme ts ge e ally a e ide tified by the wo ds “a ticipate,” “imagine,” “co ti ue,” “might,” “estimate,” “anticipate,” “i te d,” “could,” “may,” “pla ,” “doable,” “pote tial,” “p edict,” “p oject,” “ought to,” “would” a d simila exp essio s. Fo wa d-looki g stateme ts a e p edictio s, p ojectio s a d othe stateme ts about futu e eve ts {that a} e based mostly o cu e t expectatio s a d assumptio s a d, as a esult, a e topic to isks a d u ce tai ties. Ma y facto s might trigger precise futu e eve ts to diffe mate ially f om the fo wa d-looki g stateme ts i this docume t, i cludi g, however ot restricted to: the isk that the p oposed Busi ess Combi atio could ot be accomplished by Sta li ok AI’s busi ess combi atio deadli e a d the pote tial failu e to obtai a exte sio of the busi ess combi atio deadli e if sought by Sta li ok AI; the failu e to fulfill the co ditio s to the co summatio of the p oposed Busi ess Combi atio , i cludi g the adoptio of the Defi itive Ag eeme t by the sha eholde s of Sta li ok AI a d Spide Digital; the satisfactio of the mi imum et ta gible belongings amou t followi g edemptio s by Sta li ok AI’s public sha eholde s; the occu e ce of a y eve t, cha ge o othe ci cumsta ce that would give ise to the te mi atio of the Defi itive Ag eeme t; the impact of the a ou ceme t o pe de cy of the t a sactio o Spide Digital’s busi ess elatio ships, pe fo ma ce, a d busi ess ge e ally; isks that the p oposed Busi ess Combi atio dis upts cu e t pla s o ope atio s of Spide Digital; the end result of a y authorized p oceedi gs which may be i stituted agai st Spide Digital o Sta li ok AI elated to the busi ess combi atio ag eeme t o the p oposed busi ess combi atio ; the power to obtai app oval fo the listi g of PubCo’s o di a y sha es o the NYSE a d to mai tai such listi g followi g completio of the Busi ess Combi atio ; afte the closi g of the p oposed Busi ess Combi atio , the p ice of PubCo’s secu ities could also be unstable attributable to a va iety of facto s, i cludi g cha ges i the aggressive a d extremely egulated i mud ies i which PubCo will ope ate, va iatio s i pe fo ma ce ac oss competito s, cha ges i legal guidelines a d egulatio s affecti g Spide Digital Tech ology G oup’s busi ess a d cha ges i its capital st uctu e; the volatility of the p ices of digital belongings a d of mi i g eco omics; the evolvi g a d u ce tai authorized a d egulato y e vi o me t relevant to digital asset busi esses a d mi i g swimming pools i the ju isdictio s i which Spide Digital ope ates o could ope ate; the power to impleme t busi ess pla s, fo ecasts, a d othe expectatio s afte the completio of the p oposed busi ess combi atio , a d ide tify a d ealize additio al oppo tu ities p ovided by the busi ess combi atio ; its capability to att act, i teg ate, a d etai key pe so el; isks elated to its g owth st ategy; a d the pa ties’ capability to obtai , pe fo m u de a d mai tai fi a ci g a d st ategic ag eeme ts a d elatio ships. Acco di gly, these fo wa d-looki g stateme ts do ot co stitute gua a tees of futu e pe fo ma ce, a d you a e cautio ed ot to position u due elia ce o these fo wa d-looki g stateme ts. Dangers ega di g Sta li ok AI’s busi ess a e desc ibed i element i Sta li ok AI’s SEC fili gs which a e accessible o the SEC’s web site at www.sec.gov, i cludi g i Sta li ok AI’s egist atio stateme t o Fo m S-1 (File No. 333-292878), filed with the SEC a d up to date by Sta li ok AI’s subseque t fili gs with the SEC. These fo wa d-looki g stateme ts converse o ly as of the date he eof, a d every of Sta li ok AI, Spide Digital a d PubCo exp essly disclaims a y obligatio o u de taki g to elease publicly a y updates o evisio s to a y fo wa d-looki g stateme ts co tai ed he ei to eflect a y cha ge i its expectatio s o a y cha ges i eve ts, co ditio s, o ci cumsta ces o which a y such stateme t is predicated, besides as equi ed by legislation.
No Offe o Solicitatio
This commu icatio is ot a p oxy stateme t o solicitatio of a p oxy, co se t o autho izatio with espect to a y secu ities o i espect of the p oposed Busi ess Combi atio a d shall ot co stitute a offe to promote o the solicitatio of a offe to purchase a y secu ities, o a solicitatio of a y vote o app oval, o shall the e be a y sale of secu ities i a y ju isdictio i which such offe , solicitatio o sale could be u lawful p io to egist atio o qualificatio u de the secu ities legal guidelines of a y such ju isdictio . No offe i g of secu ities shall be made besides by mea s of a p ospectus meeti g the equi eme ts of Sectio 10 of the Secu ities Act, o a exemptio the ef om.
Fo mo e i fo matio , please co tact:
Spide Digital Tech ology Ltd. Che Hua E-mail: i @spide pool.com
Sta li ok AI Acquisitio Co po atio Gus LiuE-mail: he gse bu gliu@gmail.com
Asce t I vesto Relatio s LLCTi a XiaoPho e: +1-646-932-7242E-mail: i vesto s@asce t-i .com
