other material
confidence high
sentiment neutral
materiality 0.50
Spark I Acquisition Corp closes $100M IPO and $8.5M private placement
Spark I Acquisition Corp
- IPO of 10,000,000 units at $10.00/unit, gross proceeds $100,000,000.
- Private placement of 8,490,535 warrants at $1.00 each to SLG SPAC Fund LLC, gross proceeds $8,490,535.
- $100,500,000 placed in trust account, includes $3,500,000 deferred underwriting fee.
- Audited balance sheet as of Oct 11, 2023: cash $2.1M, trust $100.5M, total assets $102.9M, shareholders' deficit $1.6M.