P oposed t a sactio would take Spide Digital’s c yptocu e cy mi i g pool busi ess public i the U ited States
Si gapo e a d New Yo k, Oct. 30, 2026 (GLOBE NEWSWIRE) — Sta li k AI Acquisitio Co po atio (NYSE: OTAI) (“Sta li k AI” o “Acqui o ”) a d Spide Digital Tech ology Ltd. (“Spide Digital” o the “Compa y”), a ope ato of a c yptocu e cy mi i g pool powe ed by p op ieta y tech ology, today a ou ced that they have e te ed i to a defi itive busi ess combi atio ag eeme t dated Octobe 30, 2026 (the “Defi itive Ag eeme t”).
The Defi itive Ag eeme t was e te ed i to by Sta li k AI, Spide Digital, Spide Digital Tech ology G oup (“PubCo”), Spide Digital Me ge Ltd, a di ect wholly ow ed subsidia y of PubCo (“Me ge Sub I”), a d Sta Li k AI Me ge Ltd, a di ect wholly ow ed subsidia y of PubCo (“Me ge Sub II”). Upo completio of the p oposed busi ess combi atio (the “Busi ess Combi atio ”), Spide Digital a d Sta li k AI would become wholly ow ed subsidia ies of PubCo, which is expected to become a publicly listed compa y i the U ited States, subject to applicable listi g equi eme ts a d app ovals.
Ma ageme t Comme ta y
M . Che Hua, Chai ma , Chief Executive Office a d Fou de of Spide Digital, comme ted, “Ove the yea s, we have built ou mi i g pool busi ess o p op ieta y tech ology, ope atio al expe ie ce a d a st o g tech ical team. We believe this p oposed Busi ess Combi atio ep ese ts a impo ta t milesto e fo Spide Digital which could p ovide a platfo m to b oade ou ma ket p ese ce, pu sue ew g owth oppo tu ities a d build lo g-te m value fo ou sha eholde s.”
M . Gus Liu, Chai ma of the Boa d a d Chief Executive Office of Sta li k AI, comme ted, “We a e pleased to e te i to the Defi itive Ag eeme t with Spide Digital, a compa y with established tech ical capabilities a d a t ack eco d i c yptocu e cy mi i g pool ope atio s. We believe the p oposed t a sactio offe s a oppo tu ity to suppo t Spide Digital’s ext stage of developme t a d c eate lo g-te m value fo sha eholde s as the Compa y seeks to e te the U.S. public ma kets.”
T a sactio Ove view
The Defi itive Ag eeme t assig s Spide Digital a valuatio of US$250 millio fo pu poses of dete mi i g the me ge co side atio .
Pu sua t to the Defi itive Ag eeme t, Me ge Sub I will me ge with a d i to Spide Digital, followed by the me ge of Me ge Sub II with a d i to Sta li k AI. Spide Digital a d Sta li k AI will each su vive thei espective me ge s as wholly ow ed subsidia ies of PubCo.
Completio of the p oposed Busi ess Combi atio is subject to app oval by the sha eholde s of both Sta li k AI a d Spide Digital, the effective ess of PubCo’s egist atio stateme t o Fo m F-4, NYSE listi g app oval a d othe customa y closi g co ditio s.
Additio al i fo matio ega di g the Busi ess Combi atio , i cludi g a copy of the Defi itive Ag eeme t, will be i cluded i a Cu e t Repo t o Fo m 8-K to be filed by Sta li k AI with the U.S. Secu ities a d Excha ge Commissio (the “SEC”) a d will be available at www.sec.gov.
Adviso s
Ekbe g, Fag e & Seem LLP is acti g as U.S. legal adviso to Sta li k AI. Ogie is acti g as Cayma Isla ds legal adviso to Sta li k AI. DLA Pipe UK LLP is acti g as U.S. legal adviso to Spide Digital. Appleby is acti g as Cayma Isla ds legal adviso to Spide Digital.
About Sta li k AI Acquisitio Co po atio
Sta li k AI is a bla k check compa y i co po ated as a Cayma Isla ds exempted compa y fo the pu pose of e te i g i to a me ge , sha e excha ge, asset acquisitio , stock pu chase, ecapitalizatio , eo ga izatio o othe simila busi ess combi atio with o e o mo e busi esses o e tities. Sta li k AI’s effo ts to ide tify a p ospective ta get busi ess will ot be limited to a pa ticula i dust y o geog aphic egio . Fo mo e i fo matio , please visit: https://www.sta li kai.cloud/.
About Spide Digital Tech ology Ltd.
Headqua te ed i Si gapo e, Spide Digital is a tech ology compa y dedicated to blockchai esea ch a d ecosystem developme t. Si ce its i ceptio , leve agi g its tech ological capabilities, t a spa e t payout mecha isms a d high-quality use se vice, Spide Digital has co ce t ated o c yptocu e cy mi i g pool ope atio s a d quickly eme ged as o e of the leadi g mi i g pool se vice p ovide s globally. Spide Digital ope ates its ow p op ieta y mi i g pool system a d mai tai s i depe de t block ge e atio capabilities. It does ot sha e mi i g pool co t ol ights o hash ate scheduli g autho ity with thi d-pa ty ope ato s, allowi g it to mai tai di ect ove sight of pool ope atio s, tech ology developme t, a d esou ce allocatio .Fo mo e i fo matio , please visit: https://www.spide pool.com/.
Impo ta t I fo matio Rega di g the T a sactio a d Whe e to Fi d It
This commu icatio is p ovided fo i fo matio al pu poses o ly a d co tai s i fo matio with espect to the p oposed Busi ess Combi atio betwee Acqui o , the Compa y, PubCo, Me ge Sub I, a d Me ge Sub II.
I co ectio with the p oposed Busi ess Combi atio , PubCo i te ds to file a egist atio stateme t o Fo m F-4 (the “Regist atio Stateme t”) with the SEC, which will i clude a p oxy stateme t to Sta li k AI sha eholde s a d a p ospectus fo the egist atio of PubCo’s secu ities. Afte the Regist atio Stateme t is decla ed effective by the SEC, the defi itive p oxy stateme t/p ospectus a d othe eleva t docume ts will be se t to all Sta li k AI sha eholde s as of the eco d date to be established fo voti g o the p oposed Busi ess Combi atio a d will co tai impo ta t i fo matio about the p oposed Busi ess Combi atio a d elated matte s. Sha eholde s of Sta li k AI a d othe i te ested pe so s a e advised to ead these mate ials (i cludi g a y ame dme ts o suppleme ts the eto) a d a y othe eleva t docume ts, because they will co tai impo ta t i fo matio about Acqui o , the Compa y, PubCo a d the p oposed Busi ess Combi atio . This commu icatio does ot co tai all the i fo matio that should be co side ed co ce i g the p oposed Busi ess Combi atio a d is ot i te ded to fo m the basis of a y i vestme t decisio o a y othe decisio i espect of the p oposed Busi ess Combi atio .
Befo e maki g a y voti g decisio , i vesto s a d secu ity holde s of Acqui o a e u ged to ead the Regist atio Stateme t, the p oxy stateme t/p ospectus a d all othe eleva t docume ts filed o that will be filed with the SEC i co ectio with the p oposed Busi ess Combi atio as they become available because they will co tai impo ta t i fo matio about the p oposed Busi ess Combi atio .
I vesto s a d secu ity holde s will be able to obtai f ee copies of the Regist atio Stateme t, the p oxy stateme t/p ospectus a d all othe eleva t docume ts filed o that will be filed with the SEC by Acqui o a d PubCo th ough the website mai tai ed by the SEC at www.sec.gov.
Pa ticipa ts i the Solicitatio
Acqui o , the Compa y, PubCo a d thei espective di ecto s, executive office s, othe membe s of ma ageme t, a d employees, u de SEC ules, may be deemed to be pa ticipa ts i the solicitatio of p oxies f om Acqui o ’s sha eholde s i co ectio with the p oposed Busi ess Combi atio . A list of the ames of the di ecto s a d executive office s of Acqui o a d PubCo, as well as i fo matio ega di g thei i te ests i the Busi ess Combi atio , will be co tai ed i the Regist atio Stateme t to be filed with the SEC by PubCo. Additio al i fo matio ega di g the i te ests of such pote tial pa ticipa ts i the solicitatio p ocess may also be i cluded i othe eleva t docume ts whe they a e filed with the SEC. You may obtai f ee copies of these docume ts f om the sou ces i dicated above.
Fo wa d-Looki g Stateme ts
This p ess elease may co tai “fo wa d-looki g stateme ts” withi the mea i g of Sectio 27A of the Secu ities Act of 1933, as ame ded (the “Secu ities Act”), a d Sectio 21E of the Secu ities Excha ge Act of 1934, as ame ded, i cludi g stateme ts ega di g the be efits of the p oposed Busi ess Combi atio , the a ticipated timi g of the p oposed Busi ess Combi atio , the se vices offe ed by Spide Digital a d the ma kets i which it ope ates, a d Spide Digital’s p ojected futu e esults. These fo wa d-looki g stateme ts ge e ally a e ide tified by the wo ds “a ticipate,” “believe,” “co ti ue,” “could,” “estimate,” “expect,” “i te d,” “may,” “might,” “pla ,” “possible,” “pote tial,” “p edict,” “p oject,” “should,” “would” a d simila exp essio s. Fo wa d-looki g stateme ts a e p edictio s, p ojectio s a d othe stateme ts about futu e eve ts that a e based o cu e t expectatio s a d assumptio s a d, as a esult, a e subject to isks a d u ce tai ties. Ma y facto s could cause actual futu e eve ts to diffe mate ially f om the fo wa d-looki g stateme ts i this docume t, i cludi g, but ot limited to: the isk that the p oposed Busi ess Combi atio may ot be completed by Sta li k AI’s busi ess combi atio deadli e a d the pote tial failu e to obtai a exte sio of the busi ess combi atio deadli e if sought by Sta li k AI; the failu e to satisfy the co ditio s to the co summatio of the p oposed Busi ess Combi atio , i cludi g the adoptio of the Defi itive Ag eeme t by the sha eholde s of Sta li k AI a d Spide Digital; the satisfactio of the mi imum et ta gible assets amou t followi g edemptio s by Sta li k AI’s public sha eholde s; the occu e ce of a y eve t, cha ge o othe ci cumsta ce that could give ise to the te mi atio of the Defi itive Ag eeme t; the effect of the a ou ceme t o pe de cy of the t a sactio o Spide Digital’s busi ess elatio ships, pe fo ma ce, a d busi ess ge e ally; isks that the p oposed Busi ess Combi atio dis upts cu e t pla s o ope atio s of Spide Digital; the outcome of a y legal p oceedi gs that may be i stituted agai st Spide Digital o Sta li k AI elated to the busi ess combi atio ag eeme t o the p oposed busi ess combi atio ; the ability to obtai app oval fo the listi g of PubCo’s o di a y sha es o the NYSE a d to mai tai such listi g followi g completio of the Busi ess Combi atio ; afte the closi g of the p oposed Busi ess Combi atio , the p ice of PubCo’s secu ities may be volatile due to a va iety of facto s, i cludi g cha ges i the competitive a d highly egulated i dust ies i which PubCo will ope ate, va iatio s i pe fo ma ce ac oss competito s, cha ges i laws a d egulatio s affecti g Spide Digital Tech ology G oup’s busi ess a d cha ges i its capital st uctu e; the volatility of the p ices of digital assets a d of mi i g eco omics; the evolvi g a d u ce tai legal a d egulato y e vi o me t applicable to digital asset busi esses a d mi i g pools i the ju isdictio s i which Spide Digital ope ates o may ope ate; the ability to impleme t busi ess pla s, fo ecasts, a d othe expectatio s afte the completio of the p oposed busi ess combi atio , a d ide tify a d ealize additio al oppo tu ities p ovided by the busi ess combi atio ; its ability to att act, i teg ate, a d etai key pe so el; isks elated to its g owth st ategy; a d the pa ties’ ability to obtai , pe fo m u de a d mai tai fi a ci g a d st ategic ag eeme ts a d elatio ships. Acco di gly, these fo wa d-looki g stateme ts do ot co stitute gua a tees of futu e pe fo ma ce, a d you a e cautio ed ot to place u due elia ce o these fo wa d-looki g stateme ts. Risks ega di g Sta li k AI’s busi ess a e desc ibed i detail i Sta li k AI’s SEC fili gs which a e available o the SEC’s website at www.sec.gov, i cludi g i Sta li k AI’s egist atio stateme t o Fo m S-1 (File No. 333-292878), filed with the SEC a d updated by Sta li k AI’s subseque t fili gs with the SEC. These fo wa d-looki g stateme ts speak o ly as of the date he eof, a d each of Sta li k AI, Spide Digital a d PubCo exp essly disclaims a y obligatio o u de taki g to elease publicly a y updates o evisio s to a y fo wa d-looki g stateme ts co tai ed he ei to eflect a y cha ge i its expectatio s o a y cha ges i eve ts, co ditio s, o ci cumsta ces o which a y such stateme t is based, except as equi ed by law.
No Offe o Solicitatio
This commu icatio is ot a p oxy stateme t o solicitatio of a p oxy, co se t o autho izatio with espect to a y secu ities o i espect of the p oposed Busi ess Combi atio a d shall ot co stitute a offe to sell o the solicitatio of a offe to buy a y secu ities, o a solicitatio of a y vote o app oval, o shall the e be a y sale of secu ities i a y ju isdictio i which such offe , solicitatio o sale would be u lawful p io to egist atio o qualificatio u de the secu ities laws of a y such ju isdictio . No offe i g of secu ities shall be made except by mea s of a p ospectus meeti g the equi eme ts of Sectio 10 of the Secu ities Act, o a exemptio the ef om.
Fo mo e i fo matio , please co tact:
Spide Digital Tech ology Ltd. Che Hua Email: i @spide pool.com
Sta li k AI Acquisitio Co po atio Gus LiuEmail: he gse bu gliu@gmail.com
Asce t I vesto Relatio s LLCTi a XiaoPho e: +1-646-932-7242Email: i vesto s@asce t-i .com
