Sky Acquisition Group is a blank check SPAC incorporated in the Cayman Islands in November 2025 with no operations, no revenue, and no identified acquisition target. Sky's sole purpose is to complete a business combination with a private company, taking it public. Sky is raising $150M through an IPO of 15M units at $10.00 per unit, with proceeds held in trust until a deal closes, shares are redeemed, or the company liquidates. Sky has 18 months from IPO closing to complete a deal. Sky's stated focus is the AI sector — specifically agentic AI, autonomous systems, data platforms, and digital infrastructure — though Sky is not restricted to this focus. The sponsor, Sky Capital Sponsor LLC, paid $25,000 for founder shares representing roughly 25% of post-IPO shares, creating a structure where the sponsor profits significantly if any deal closes, even on terms unfavorable to public shareholders. Sky estimates implied value per share would fall roughly 28% from trust value simply from founder share conversion. The CEO and CFO is Khurram Sheikh, who previously led KINS Technology Group, a SPAC that raised ~$276M and merged with CXApp in March 2023 — a transaction where 99.4% of public shareholders redeemed their shares, and CXApp subsequently traded at $0.31.