secwatch.observer — SEC 8-K summary
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Issuer:     Spark I Acquisition Corp (SPKL)
CIK:        0001884046
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001104659-23-108620
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spark I Acquisition closes $100M IPO, targets late-stage Asia tech startups >$1B
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- IPO of 10M units at $10.00/unit, gross $100M; units began trading on Nasdaq as SPKLU on Oct 6.
- Over-allotment not exercised; sponsor forfeited 448,052 Class B shares.
- Concurrent private placement of 8,490,535 warrants to sponsor at $1.00, gross $8.49M.
- $100.5M from IPO and private placement placed in trust; held until business combination or 21 months.
- Company led by CEO James Rhee; focus on late-stage technology startups in Asia or US tech with Asia presence.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884046/000110465923108620/0001104659-23-108620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884046/000110465923108620/tm2318774d17_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-108620

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer