JKapital reports 2,875,000 Starlink AI (OTAI) shares, some subject to forfeiture
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Starlink AI Acquisition Corp disclosed that JKapital Ltd., a ten percent owner, holds 2,875,000 Ordinary Shares of the company. According to the filing, 375,000 of these shares are subject to forfeiture depending on the underwriter's over-allotment exercise described in the related Form S-1.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JKapital Ltd.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 2,875,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Ordinary Shares held: 2,875,000 shares
Shares subject to forfeiture: 375,000 shares
Ownership status: Ten percent owner
3 metrics
Ordinary Shares held
2,875,000 shares
Beneficial ownership reported by JKapital Ltd. on Form 3
Shares subject to forfeiture
375,000 shares
Portion of JKapital Ltd.’s holdings tied to underwriter over-allotment
Ownership status
Ten percent owner
JKapital Ltd. identified as ≥10% owner of Starlink AI
Key Terms
ten percent owner, underwriter's over-allotment exercise, Form 3, registration statement on Form S-1
4 terms
ten percent owner financial
"JKapital Ltd. is reported as a ten percent owner of Starlink AI Acquisition Corp."
underwriter's over-allotment exercise financial
"375,000 shares are subject to forfeiture depending on the underwriter's over-allotment exercise."
Form 3 regulatory
"The Form 3 reports JKapital Ltd.’s beneficial ownership of Ordinary Shares."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
registration statement on Form S-1 regulatory
"The forfeiture terms are described in the issuer's registration statement on Form S-1."
A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.
FAQ
What does Starlink AI Acquisition Corp (OTAI-UN) report in this Form 3?
The Form 3 shows JKapital Ltd. as a ten percent owner of Starlink AI Acquisition Corp, holding 2,875,000 Ordinary Shares. This is an initial ownership report, not a record of new share purchases or sales.
Is JKapital Ltd. a director or officer of Starlink AI Acquisition Corp (OTAI-UN)?
JKapital Ltd. is identified as a ten percent owner of Starlink AI Acquisition Corp, but not as a director or officer. The Form 3 indicates no director or officer status, only significant share ownership.
Who ultimately owns JKapital Ltd. in the Starlink AI (OTAI-UN) Form 3?
The footnote explains that JKapital Ltd. is a British Virgin Islands company wholly owned by Mr. Liu Yiheng (Gus). This clarifies the individual behind the entity that holds the 2,875,000 Ordinary Shares.