Spark I Acquisition Corp (SPKL) SEC Filings

Spark I Acquisition Corp. (SPKL) received Nasdaq notice that its securities will be delisted because it did not complete an initial business combination by September 29, 2026, as required by Nasdaq Interpretive Material IM-5101-2. Trading in its Class A ordinary shares, units and warrants is scheduled to be suspended at the opening of business on October 7, 2026; Nasdaq said it will file a Form 25-NSE to remove the securities from listing and registration.

After delisting, Spark I expects the securities to be quoted on the Pink Limited Market under SPKL, SPKLU and SPKLW, respectively, but said there is no guarantee a broker will make a market or trading will continue. Spark I still intends to complete its proposed business combination with ZincFive and seek a listing on Nasdaq or another national securities exchange in connection with it, as soon as practicable, but gave no assurance the transaction or listing will succeed. The related registration statement filed September 30, 2026, was not yet effective, and its preliminary proxy statement/prospectus was incomplete and subject to change.

Spark I Acquisition Corporation furnished an investor presentation that it and ZincFive, Inc. will use from time to time concerning their previously announced proposed business combination. The preliminary proxy statement/prospectus is part of a registration statement filed September 30, 2026; the registration statement has not been declared effective, and the materials may change. After effectiveness, definitive proxy materials and other relevant documents will be mailed to Spark I shareholders as of a record date to be established for the vote on the combination and related matters.

Spark I Acquisition Corporation furnished an investor presentation about its proposed business combination with ZincFive, which supplies nickel-zinc batteries and solutions for data-center backup power and AI-related power demands. The presentation states a proposed $762 million enterprise value, describes $100 million in proceeds from a committed Preferred Equity PIPE, and says ZincFive shareholders would roll over 100% of their equity. Spark I had $26 million in trust as of September 30, 2026; the presentation’s closing capitalization assumes no Spark I shareholder redemptions.

ZincFive reported first-half 2026 revenue of $38.9 million, versus $34.9 million in first-half 2025, and an operating loss of $26.3 million versus $24.7 million. Revenue was $28.7 million in 2024 and $65.0 million in 2025. Contracted backlog was $126.5 million as of June 30, 2026, and its 2026 revenue forecast was $90.0 million to $105.0 million. The forecast is illustrative; the Form S-4 filed September 30, 2026 had not been declared effective, and the proposed transaction is to be submitted to Spark I shareholders.

Spark I Acquisition Corp and ZincFive, Inc. announced that they publicly filed a Form S-4 registration statement on September 30, 2026, for their proposed business combination. The registration statement includes a preliminary proxy statement and prospectus and has not yet been declared effective.

The transaction remains subject to Spark I shareholder approval, SEC effectiveness of the registration statement and other customary closing conditions. Closing is expected in the fourth quarter of 2026.

Spark I Acquisition Corp (SPKL) will make a one-time additional deposit into its Trust Account of $0.10 per public share not redeemed in connection with its extraordinary general meeting, scheduled for October 5, 2026. The contribution will be in addition to monthly Sponsor Contributions and will increase the per-share price payable for EGM-related redemptions or upon liquidation, whichever occurs first.

Public shareholders who already submitted an EGM redemption request may withdraw it by contacting Continental by 5:00 p.m. Eastern time on October 2, 2026. Those who do not withdraw by then will receive the original redemption price, estimated at approximately $11.60 per share.

Spark I Acquisition Corp (symbol: SPKL) is the issuer of record for a Form S-4 filing submitted to the SEC.

Spark I Acquisition Corp (SPKL) shareholders approved extending the deadline for an initial business combination from September 29, 2026, to March 29, 2027, or an earlier date set by the board. The vote was 7,074,069 for, 57,456 against and zero abstentions; the amendment took effect upon approval.

Under the extension, the sponsor, SLG SPAC Fund LLC, agreed to make trust-account loans beginning October 1 at $0.015 per public share outstanding after redemptions, up to approximately $201,304 in aggregate. The company issued the sponsor a no-interest note with principal up to $400,000, repayable in full upon the earlier of a business combination or March 29, 2027. If no combination is completed by then, repayment is limited to funds outside the trust account or the note may be forfeited, eliminated or forgiven. The company also plans a one-time $0.10 deposit per public share not redeemed in connection with the meeting, scheduled for October 5; it will increase the per-share price payable in connection with a vote on the proposed ZincFive combination or liquidation, whichever is earlier. Holders who submitted redemption requests may withdraw them by October 2 at 5:00 p.m. Eastern; otherwise, the estimated original redemption price is approximately $10.92 per share.

Spark I Acquisition Corporation (SPKL) is asking shareholders to approve an extension of the deadline to complete a business combination from September 29, 2026 to March 29, 2027 (or an earlier Board-set date) and to allow possible adjournment of the meeting if more time is needed to solicit votes. The stated purpose is to provide additional time to complete the proposed business combination with ZincFive, Inc., which follows a planned Domestication to Delaware and a two-step merger structure.

Public shareholders may elect to redeem their Class A ordinary shares in connection with the extension for cash equal to funds in the Trust Account divided by public shares outstanding. Based on approximately $25,959,052 in the Trust Account (including $402,608 of prior extension contributions), the estimated redemption price at the meeting is about $11.60 per share. If the Extension is approved and implemented, the Sponsor will loan the company $0.015 per public share per month from October 1, 2026 through the Extended Date, up to about $201,304, via a non‑interest‑bearing promissory note repayable only upon completion of a business combination or forgivable otherwise. If the Extension is not approved and no deal is completed by September 29, 2026, Spark will redeem all public shares and liquidate, and its warrants will expire worthless.

Spark I Acquisition Corp. (SPKL) is pursuing a proposed business combination with battery maker ZincFive valued at about $752 million. ZincFive develops nickel‑zinc batteries aimed at short‑duration, high‑power backup for data centers, particularly those supporting AI workloads.

ZincFive reports that its revenue doubled from 2024 to 2025 and that it ended the year with a backlog of over $80 million in orders, largely from data center customers. Management describes a capital‑efficient model where about $30 million of battery investment can support roughly $150 million of annual revenue, or a revenue‑to‑CapEx ratio of about 5 to 1.

The company cites strong demand but significant working capital needs due to inventory build and long production/shipping cycles from its China facilities. Proceeds from the SPAC transaction and an already negotiated $100 million PIPE are expected to support a planned U.S. manufacturing facility, fund working capital to fulfill large purchase orders, and finance new product development for AI‑related data center power architectures.