AI Strategy is a Special Purpose Acquisition Company (SPAC) incorporated in the Cayman Islands in September 2025, with no operations or revenues. Its sole purpose is to raise capital through an IPO and deploy those proceeds to acquire one or more private operating businesses. AI Strategy is raising $100M by offering 10M units at $10.00 each, with trust proceeds of $100.25M held for shareholders pending a deal. Shareholders who dislike the eventual acquisition can redeem shares at roughly $10.025 per share. AI Strategy has 15 months from closing to complete a deal, with up to six one-month extensions available if the sponsor, Horizon Glow Holdings (controlled by Guo Fan, who serves as CEO, CFO, and Chairman), deposits $330,000 per extension into the trust. If no deal closes, the SPAC liquidates and returns trust funds to public shareholders. AI Strategy has identified no acquisition target and has placed no restrictions on industry or geography, though it explicitly contemplates acquiring a China-based company and has ruled out targets using VIE structures or requiring CSRC filings. The sponsor acquired founder shares for $25,000 and stands to benefit disproportionately from any deal closing regardless of deal quality — a conflict the prospectus explicitly acknowledges. The management team has no prior SPAC experience, and the company has notable China ties through its directors and acquisition strategy, creating potential regulatory and cross-border risks, including U.S. outbound investment restrictions that could limit deal options in AI, semiconductors, and quantum computing.