Spark I Acquisition Corp enters $1.9M promissory note with sponsor for working capital

Spark I Acquisition Corp

Issued unsecured promissory note to sponsor SLG SPAC Fund LLC for up to $1,900,000; $840,000 drawn at closing.
Note bears no interest; principal due upon consummation of initial business combination; forgiven if no deal.
Sponsor may convert up to $1,500,000 of unpaid principal into working capital warrants (identical to IPO private placement warrants).
Proceeds used for working capital expenses related to potential business combination.

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