Here are the 10-Q quarterly reports from Spark I Acquisition Corp. Unit (SPKLU) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SPKLU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPKLU filings page.
Spark I Acquisition Corporation, a SPAC, reported a net loss of $1,745,084 for the six months ended June 30, 2026, versus income a year earlier, as operating and formation expenses rose and interest income on its smaller trust balance declined. Cash outside the trust was $401,642 with a working capital deficit of $6,048,479.
After July 2025 redemptions of 7,763,287 Class A shares for about $84.8 million, approximately $24.4 million remained in the trust; trust investments totaled $25,813,648 at June 30, 2026 backing 2,236,713 redeemable Class A shares. The sponsor has provided a $1.9 million convertible note and a $2.5 million non-convertible note to fund costs.
The company entered into a Merger Agreement with ZincFive, Inc. and plans to domesticate to Delaware and rename as ZincFive, Inc., supported by a committed $106.5 million Series A preferred stock investment at Closing. Management discloses that limited liquidity, reliance on sponsor financing, and the requirement to complete a business combination by September 29, 2026 raise substantial doubt about its ability to continue as a going concern.
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.