other_material
confidence high
sentiment neutral
materiality 0.65
Spark I extends SPAC deadline to Sep 2026, sponsor pledges up to $825K; renews Kneron LOI
Spark I Acquisition Corp
- Sponsor SLG SPAC Fund LLC to make monthly deposits up to $55K or $0.015/share into trust, max $825K, in exchange for promissory note.
- Shareholders vote July 8, 2025 on proposal to extend business combination deadline from July 11, 2025 to September 29, 2026.
- Company may also draw down up to $2.5M under the promissory note for working capital (non-interest bearing, unsecured).
- Non-binding LOI with Kneron Holding Corp (edge AI) renewed; binding agreement still under negotiation.
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