Spark I Acquisition Corporation (SPKL) and ZincFive publicly filed a Form S-4 registration statement for their previously announced proposed business combination.
The filing with the U.S. Securities and Exchange Commission concerns the proposed transaction, which has not yet closed. Completion remains subject to approval by Spark I shareholders, the SEC declaring the registration statement effective, and other customary closing conditions. The companies expect the business combination to close in the fourth quarter of 2026.
After completion, the combined company is expected to operate under the name ZincFive, with its securities expected to trade on Nasdaq, subject to exchange listing approval.
ZincFive and Spark I Acquisition Corporation (NASDAQ: SPKL) announced the confidential submission of a draft Form S-4 registration statement to the U.S. SEC in connection with their previously announced proposed business combination. This filing is described as an important milestone toward completing a deal that would result in ZincFive becoming a publicly traded company.
The business combination is expected to close in the fourth quarter of 2026, subject to Spark I shareholder approval, the SEC declaring the registration statement effective, and other customary closing conditions. ZincFive provides nickel-zinc battery-based immediate power solutions for mission-critical infrastructure, while Spark I is a SPAC sponsored by SparkLabs Group.
ZincFive, a nickel-zinc battery provider for data centers and AI infrastructure, agreed to a business combination with Spark I Acquisition (NASDAQ: SPKL), implying a $752 million pro forma enterprise value.
The deal includes a $100 million committed PIPE, potential $25 million from Spark I’s trust, and values ZincFive at $600 million pre-money. Revenue is estimated to have doubled to $66.9 million in 2025, with nearly 2 GW of systems deployed/contracted and an $81 million backlog.