Spider Digital and Starlink AI Sign Merger Agreement at $250 Million Valuation

According to ChainCatcher, Singapore-based cryptocurrency mining pool operator Spider Digital Technology Ltd. and New York Stock Exchange-listed blank-check company Starlink AI Acquisition Corporation (OTAI) signed a definitive business combination agreement on October 30, 2026, valuing Spider Digital at $250 million for the merger consideration. After the transaction, both companies are expected to become wholly owned subsidiaries of Spider Digital Technology Group, which plans to list in the United States subject to applicable listing requirements and approvals. Under the agreement, PubCo’s wholly owned Merger Sub I will merge into Spider Digital, followed by Merger Sub II merging into Starlink AI; both companies will continue as surviving entities. Closing is subject to shareholder approvals from both companies, the effectiveness of PubCo’s F-4 registration statement, NYSE listing approval and other customary conditions.