STOCK TITAN

Spark I Acquisition redemptions remove about $7.1M

Following the redemptions, Spark I reported 6,445,104 Class A ordinary shares outstanding.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

Spark I Acquisition Corp. held an extraordinary general meeting on September 25, 2026, to approve extending the deadline for its initial business combination from September 29, 2026, to March 29, 2027.

In connection with the meeting, holders of 609,668 Class A ordinary shares exercised redemption rights for a pro rata portion of trust funds, including interest. As of October 2, 2026, approximately $7.1 million (approximately $11.68 per share) was removed from the Trust Account to pay holders, leaving approximately $19.0 million. Spark I reported 6,445,104 Class A ordinary shares outstanding following the redemptions.

0 points · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 1 point

How the balance works

Positive

  • None.

Negative

  • Moderate pointTrust redemptions removed approximately $7.1 million, leaving approximately $19.0 million. 7.1% of market cap
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Class A ordinary shares redeemed 609,668 shares Holders exercised redemption rights in connection with the September 25, 2026 extraordinary general meeting
Trust Account funds removed Approximately $7.1 million Removed to pay redeeming holders
Redemption amount per share Approximately $11.68 per share Amount removed from the Trust Account to pay holders
Trust Account balance Approximately $19.0 million Remaining after the redemptions
Class A ordinary shares outstanding 6,445,104 shares Following the redemptions
initial business combination technical
"consummate its initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
pro rata portion financial
"for a pro rata portion of the funds held in the Company’s trust account"
Trust Account financial
"funds held in the Company’s trust account"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much was withdrawn per redeemed SPKL share?

Approximately $11.68 per share was removed from the Trust Account to pay holders. The redemption amount was a pro rata portion of trust funds, including interest.

How many SPKL Class A shares remained outstanding after the redemptions?

Spark I reported 6,445,104 Class A ordinary shares outstanding following the redemptions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001884046 0001884046 2026-10-02 2026-10-02 0001884046 SPKLU:UnitseachconsistingofoneClassAordinaryshare0.0001parvalueandonehalfofoneredeemablewarrantMember 2026-10-02 2026-10-02 0001884046 us-gaap:CommonClassAMember 2026-10-02 2026-10-02 0001884046 SPKLU:RedeemablewarrantseachwarrantexercisableforoneClassAordinaryshareeachatanexercisepriceof11.50pershareMember 2026-10-02 2026-10-02 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 2, 2026

 

 

SPARK I ACQUISITION CORPORATION

(Exact name of registrant as specified in its Articles)

 

 

Cayman Islands   001-41825   87-1738866
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS. Employer
Identification No.)

 

3790 El Camino Real, Unit #570

Palo Alto, CA 94306

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (650) 353-7082

 

Not Applicable
(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading
Symbol(s)
  Name of each exchange
on which registered
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemable warrant   SPKLU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 par value   SPKL   The Nasdaq Stock Market LLC
Redeemable warrants, each warrant exercisable for one Class A ordinary share, each at an exercise price of $11.50 per share   SPKLW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 8.01.Other Events.

 

As previously disclosed, on September 25, 2026, Spark Acquisition Corp. I (the “Company”) held an extraordinary general meeting of shareholders (“EGM”) to approve an extension of the time by which it had to consummate its initial business combination from September 29, 2026 to March 29, 2027 (the “Extension”).

 

In connection with the EGM, shareholders holding an aggregate of 609,668 Class A ordinary shares, par value $0.0001 per share, of the Company (“Class A Ordinary Shares”), exercised their right to redeem such shares for a pro rata portion of the funds held in the Company’s trust account (the “Trust Account”) as of October 2, 2026, including any interest earned on the funds held in the Trust Account. As a result, approximately $7.1 million (approximately $11.68 per share) was removed from the Trust Account to pay such holders and approximately $19.0 million remained in the Trust Account. Following the aforementioned redemptions, the Company has 6,445,104 Class A Ordinary Shares outstanding, consisting of 1,627,045 Class A Ordinary Shares originally issued as part of the units sold in the Company’s initial public offering and 4,000,000 Class A Ordinary Shares that were originally issued to SLG SPAC Fund, LLC, the Company’s sponsor, as Class B ordinary shares.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

SPARK I ACQUISITION CORPORATION  
     
By: /s/ James Rhee  
Name: James Rhee  
Title: Chief Executive Officer  

 

Date: October 5, 2026

 

 

Filing Exhibits & Attachments

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