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Spark I Acquisition Corporation Adds Funds to Trust Account for Extension

Spark I Acquisition Corporation announced an additional contribution of $0.10 per share to its trust account to extend the deadline for its initial business combination. The new deadline is March 29, 2027.

29 September 2026
Spark I Acquisition Corporation Adds Funds to Trust Account for Extension

Spark I Acquisition Corporation has announced an additional one-time deposit of $0.10 per share into the company's trust account. This funding is intended to cover redemptions in connection with potential business combinations or the company's liquidation.

The contribution, scheduled for October 5, 2026, extends the company's timeframe to complete its initial business combination with ZincFive, Inc. The original deadline was September 29, 2026, with the new deadline set for March 29, 2027.

This additional deposit is separate from the monthly contributions made by the company's sponsor. The company is seeking shareholder approval for this extension at an upcoming extraordinary general meeting.

Shareholders who previously submitted redemption requests related to the meeting can withdraw them by October 2, 2026. Those who do not withdraw will receive the original redemption price, estimated at approximately $10.92 per share.

Original source: prnewswire.com