| Line Item | 2026-01-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Income | -$33K | — | — |
| Interest Expense | $100K | — | — |
| Net Income | -$33K | — | — |
| EPS (Basic) | -$0.01 | — | — |
| EPS (Diluted) | -$0.01 | — | — |
| Line Item | 2026-01-31 | Q/Q | Y/Y |
|---|---|---|---|
| Current Assets | $100K | — | — |
| Total Assets | $332K | — | — |
| Current Liabilities | $362K | — | — |
| Stockholders' Equity | -$30K | — | — |
| Line Item | 2026-01-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$36K | — | — |
| Financing Cash Flow | $335K | — | — |
Business Overview
Starlink AI Acquisition Corporation is a blank check company incorporated in the Cayman Islands on September 29, 2025, formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. As of April 30, 2026, the Company had not commenced operations and all activities were organizational or IPO-related. The Company completed its IPO on May 11, 2026, raising $100 million in gross proceeds from 10 million public units, with an additional $2.3 million from private placements and $5 million from partial exercise of the underwriters' over-allotment option.
Forward Guidance
The Company must complete a Business Combination having an aggregate fair market value of at least 80% of the assets held in the Trust Account at the time of agreement. The Company has "12 months from the closing date of IPO (or 15 months in the event that a definitive business combination agreement has been publicly announced within such 12-month period) to complete its initial Business Combination." If unable to complete within this period and no extension is approved by shareholders, the Company will "cease all operations except for the purpose of winding up" and redeem public shares from Trust Account funds within ten business days.
Key Risk Factors
The Company faces substantial doubt regarding its ability to continue as a going concern, as it must complete a qualifying Business Combination by May 11, 2027 (or 15 months if a definitive agreement is announced within 12 months) or it will be required to liquidate. Global geopolitical uncertainties, including tariffs, trade tensions, conflicts, and potential sanctions, could materially adversely affect the Company's ability to consummate a Business Combination or the operations of any target business. The Company's success depends on identifying and negotiating a suitable target business representing at least 80% of Trust Account assets, with no assurance of successful completion. Additionally, the Sponsor's indemnification obligations may be unenforceable given potential insufficient assets to satisfy claims.