other material
confidence high
sentiment neutral
materiality 0.40
Spark I extends deal deadline to March 29, 2027; adds $0.10/share trust top-up
Spark I Acquisition Corp
- Shareholders approved extending the initial business combination deadline from Sept 29, 2026 to March 29, 2027; vote was 7,074,069 for, 57,456 against, 0 abstentions.
- Company will deposit a one-time $0.10 per unredeemed public share into trust on Monday, Oct 5, 2026, on top of sponsor contributions of $0.015 per public share monthly, capped at roughly $201,304.
- Second Extension Note: up to $400,000 principal issued to SLG SPAC Fund LLC, non-interest-bearing, repayable at deal close or the March 29, 2027 Extended Date.
- Redemption price for non-withdrawing holders estimated at about $10.92 per share; withdrawal requests must reach Continental by 5:00 p.m. ET Friday, Oct 2, 2026.
- Next milestone is the proposed business combination with ZincFive, Inc.; shares now quoted OTC under SPKLF.