secwatch.observer — SEC 8-K summary
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Issuer:     Spark I Acquisition Corp (SPKL)
CIK:        0001884046
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0001104659-25-007030
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884046/000110465925007030/0001104659-25-007030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884046/000110465925007030/tm254262d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-007030

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