2,875,000 Starlink AI (OTAI) shares held indirectly via JKapital Ltd.
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Starlink AI Acquisition Corp director and Chief Executive Officer Liu Yiheng (Gus) filed an initial ownership report showing indirect control over 2,875,000 ordinary shares. These shares are owned by JKapital Ltd., a British Virgin Islands company wholly owned by Liu. Of this amount, 375,000 shares are subject to forfeiture depending on the underwriter's over-allotment exercise, as described in the company's Form S-1 registration statement. The filing records existing holdings rather than a new purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Liu Yiheng (Gus)
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 2,875,000 shares (Indirect, By JKapital Ltd.)
Footnotes (1)
- [object Object]
Key Figures
Indirect ordinary shares held: 2,875,000 ordinary shares
Shares subject to forfeiture: 375,000 ordinary shares
Holding entries reported: 1 holding entry
+1 more
4 metrics
Indirect ordinary shares held
2,875,000 ordinary shares
Indirectly owned via JKapital Ltd. as reported on Form 3
Shares subject to forfeiture
375,000 ordinary shares
Contingent on underwriter's over-allotment exercise per Form S-1
Holding entries reported
1 holding entry
Form 3 transaction summary notes one holding entry
Unknown transaction records
1 entry classified as unknown
Transaction summary shows unknownCount of 1
Key Terms
over-allotment, subject to forfeiture, Form S-1, British Virgin Islands company
4 terms
over-allotment financial
"375,000 of which are subject to forfeiture depending on the extent of the underwriter's over-allotment exercise"
An over-allotment is an arrangement that lets underwriters sell a small, predefined extra amount of shares beyond an initial offering to meet unexpected demand and smooth trading, like a bakery baking a few extra loaves for a sudden rush of customers. It matters to investors because it temporarily increases supply, can reduce price swings by allowing underwriters to buy back shares if the price falls, and may cause modest, planned dilution if those extra shares are retained.
subject to forfeiture financial
"375,000 of which are subject to forfeiture depending on the extent of the underwriter's over-allotment exercise"
Form S-1 regulatory
"as described in the Issuer's registration statement on Form S-1 (File No. 333-292878)"
A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.
British Virgin Islands company other
"JKapital Ltd. is a British Virgin Islands company wholly owned by Mr. Liu Yiheng (Gus)"
FAQ
What does the Starlink AI Acquisition Corp (OTAI-UN) Form 3 disclose?
The Form 3 shows Liu Yiheng (Gus), CEO and director, indirectly controls 2,875,000 ordinary shares through JKapital Ltd. It is an initial ownership report and does not reflect a new purchase or sale.
Does the Starlink AI Acquisition Corp (OTAI-UN) Form 3 show any recent insider trade?
The Form 3 does not show a recent trade; it records existing holdings. It lists 2,875,000 ordinary shares indirectly owned through JKapital Ltd., serving as an initial statement of beneficial ownership for Liu Yiheng (Gus).