Spark I Acquisition extends business combination deadline to Sept 2026; ~$84.8M redeemed

Spark I Acquisition Corp

Shareholders approved extension of business combination deadline from July 11, 2025 to September 29, 2026.
Sponsor converted 4M Class B shares into Class A shares and will make monthly deposits of $0.015 per outstanding Class A share into trust.
Holders of 7,763,287 Class A shares redeemed at ~$10.92/share, totaling ~$84.8M; trust reduced to ~$24.4M.
After redemption, 2,236,713 public Class A shares and 6,236,713 total Class A shares outstanding.
Approximately 90% of voting power present at meeting; extension proposal passed with 10,448,575 for, 4,308,669 against.

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