Spark I Acquisition Corp (SPKLU) SEC Filings

AQR Capital Management and affiliated entities report beneficial ownership of 437,689 Class A ordinary shares of Spark I Acquisition Corp, representing 7.02% of the class as of June 30, 2026. The group holds no sole voting or dispositive power, but shares voting and dispositive power over these shares.

AQR Global Alternative Investment Offshore Fund, L.P., a Cayman Islands entity, is reported as beneficial owner of 359,806 shares, or 5.77% of the class, with its investment manager and general partner entities (including AQR Capital Management, LLC and AQR Capital Management GP Ltd.) sharing voting and dispositive authority.

Mizuho Financial Group, Inc., a Japan-based parent holding company, filed an amended Schedule 13G reporting its beneficial ownership in Spark I Acquisition Corporation common shares. Mizuho reports beneficial ownership of 10,287 common shares, representing 0.2% of the class. It has sole voting power and sole dispositive power over all 10,287 shares, with no shared voting or dispositive power. The shares are directly held by Mizuho Securities USA LLC, and Mizuho Financial Group, Inc., Mizuho Bank, Ltd., and Mizuho Americas LLC may be deemed indirect beneficial owners through this wholly owned subsidiary. The filing confirms ownership of 5% or less of the class.

Spark I Acquisition Corporation agreed to merge with ZincFive, Inc., taking the nickel‑zinc battery maker public in a SPAC business combination. The deal assigns ZincFive an equity value of $600 million, with a separate press release citing a pro forma enterprise value of about $752 million. Spark I will domesticate from Cayman to Delaware and be renamed New ZincFive, Inc., with all SPAC shares, warrants and units converting into New ZincFive equity.

ZincFive shareholders will roll their interests into New ZincFive and receive common stock based on an exchange ratio derived from the $600 million equity value. Concurrently, institutional investors agreed to purchase 10,441,174 shares of New ZincFive 12.0% Series A Cumulative Convertible Preferred Stock plus matching common stock warrants for total proceeds of $106.5 million. The preferred carries a 12% in‑kind or 10% cash dividend, strong protective rights and is convertible at an initial $12.00 price.

Closing is targeted for the second half of 2026, subject to shareholder approvals, a minimum $100 million “Available Closing Cash” condition, effectiveness of a Form S‑4 registration statement, domestication, and stock exchange listing of New ZincFive. Sponsor and company support agreements, lock‑ups and an amended registration rights agreement align insiders and key holders to back the transaction and govern future share sales.

Spark I Acquisition Corporation reported that Nasdaq has notified it of a listing deficiency related to shareholder count. On May 14, 2026, Nasdaq’s Listing Qualifications Department said the company is not in compliance with Listing Rule 5450(a)(2), which requires at least 400 total holders of its ordinary shares to remain on the Nasdaq Global Market.

The notice does not immediately affect trading or listing status. Spark I has 45 days from the notice date to submit a plan to regain compliance, and Nasdaq may grant up to 180 days to evidence compliance if the plan is accepted. The company plans to submit its compliance plan on or before June 29, 2026.

Spark I Acquisition Corporation reported a net loss of $94,195 for the quarter ended March 31, 2026, compared with net income of $542,329 a year earlier. The shift reflects lower interest income, with $221,762 earned on investments in the trust account versus $1,119,693 in the prior-year quarter.

The SPAC held $25,486,851 in its trust account and $132,866 of cash outside the trust as of March 31, 2026, alongside a working capital deficit of $4,070,794. Public shareholders retain 2,236,713 redeemable Class A shares, while total Class A shares outstanding were 6,236,713 as of May 14, 2026.

The company has until September 29, 2026 to complete a business combination and has no approved plan to extend this deadline. Management states that limited liquidity, dependence on sponsor financing, and the looming liquidation date raise “substantial doubt” about Spark I’s ability to continue as a going concern over the next twelve months.

Spark I Acquisition Corporation, a Cayman Islands-based SPAC, filed its annual report describing its status and plans to complete an initial business combination. The company raised $100,500,000 into a trust account from its IPO and private warrants, equal to $10.05 per public share.

As of December 31, 2025, $25,164,437 remained in the trust while cash outside the trust was $112,295 and working capital showed a $3,654,185 deficit, leading auditors to express substantial doubt about the company’s ability to continue as a going concern. Spark I is actively negotiating a binding business combination agreement with Kneron after earlier non-binding letters of intent expired, and must complete a deal or liquidate by September 29, 2026.

Spark I Acquisition Corp. reported results from its Annual Meeting of shareholders held on February 25, 2026. As of the February 5 record date, 6,236,173 Class A ordinary shares and 2,422,078 Class B ordinary shares were outstanding and entitled to vote, and 7,461,944 Ordinary Shares were represented, providing a quorum.

Shareholders elected Kurtis Jang, Shin-Bae Kim, and Ho Min (Jimmy) Kim as Class II directors, each receiving 1,972,078 votes for and no votes withheld, abstentions, or broker non-votes. Shareholders also ratified CBIZ CPAs P.C. as independent registered public accounting firm for the fiscal year ending December 31, 2025, with 7,461,944 votes for and no votes against, abstentions, or broker non-votes.

Spark I Acquisition Corporation is holding a virtual annual shareholder meeting on February 25, 2026 to vote on three key proposals. Shareholders will consider re-electing three Class II directors, ratifying CBIZ CPAs P.C. as independent auditor for the year ending December 31, 2025, and approving the potential adjournment of the meeting if votes are insufficient.

Only holders of Class B ordinary shares vote on the director proposal; the sponsor, SLG SPAC Fund LLC, owns about 86.8% of Class B shares and plans to support it. Both Class A and Class B holders vote together on the auditor and adjournment proposals. As of the February 5, 2026 record date, there were 2,236,713 Class A and 6,422,078 Class B ordinary shares outstanding, with initial shareholders controlling 74.1% of total voting power.

The company is a blank-check SPAC that raised capital in a 2023 IPO and holds $100,500,000 in a trust account while it searches for a business combination. The board unanimously recommends voting in favor of all three proposals, and the meeting will be conducted entirely online via webcast, with pre-registration and control numbers required to vote electronically.

Mizuho Financial Group has disclosed a significant passive ownership position in Spark I Acquisition Corporation. As of December 31, 2025, Mizuho beneficially owned 436,195 common shares, representing 7.0% of the outstanding class.

Mizuho has sole voting and sole dispositive power over all 436,195 shares, with no shared voting or dispositive authority. The filing notes that Mizuho Financial Group, Mizuho Bank and Mizuho Americas may be indirect beneficial owners of shares directly held by Mizuho Securities USA LLC, their wholly owned subsidiary.

The stake is reported on a Schedule 13G, and Mizuho certifies the shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of Spark I Acquisition Corporation.