# Spider Digital Signs Merger Agreement at $250 Million Valuation

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/54722
Published: 2026-11-12T00:54:11.000Z
Updated: 2026-11-12T00:54:11.000Z
Section: Business

> The companies signed Oct. 30. The combined parent is expected to list in the United States, subject to listing requirements, NYSE approval and other closing conditions.

Singapore-based cryptocurrency mining pool operator Spider Digital Technology Ltd. has agreed to merge with NYSE-listed Starlink AI Acquisition Corporation (OTAI) in a deal that values Spider at $250 million for calculating merger consideration.

The companies signed the agreement Oct. 30. If completed, both would become wholly owned subsidiaries of Spider Digital Technology Group, which is expected to list in the United States subject to applicable listing requirements and approval.

The transaction uses two mergers. First, Merger Sub I, a subsidiary of Spider Digital Technology Group, would merge into Spider Digital, which would remain as a subsidiary. Merger Sub II would then merge into Starlink AI, which also would remain under the parent.

Completion requires approval from both companies’ shareholders, an effective Form F-4 registration statement for Spider Digital Technology Group, NYSE listing approval and other customary conditions.