Spark I Acquisition Corp

Spark I Acquisition Corp is a blank check company incorporated on July 12, 2021, as a Cayman Islands exempted company. Its stated purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination with one or more businesses or assets, referred to as its initial business combination. To date, its efforts have been limited to organizational activities and activities related to the search for a target business for its initial business combination. It has generated no revenues to date and does not expect to generate operating revenues at the earliest until it consummates its initial business combination. In October 2024, Spark I Acquisition Corp announced it had signed a non-binding letter-of-intent for a business combination with Kneron Holding Corporation, described as a leading provider of full stack edge artificial intelligence solutions based in San Diego, California, as well as a non-binding letter-of-intent for a business combination with a company in the hospitality software as a service/platform space. While both of these letters-of-intent have expired, the company has moved to the next phase of actively negotiating the terms of a binding business combination agreement with Kneron. On October 11, 2023, Spark I Acquisition Corp consummated its initial public offering of 10,000,000 units. Each unit consists of one Class A ordinary share, par value $0.0001, and one-half of one redeemable warrant, with each whole public warrant entitling the holder thereof to purchase one Class A ordinary share at $11.50 per share, subject to adjustment, beginning 30 days after the completion of the company's initial business combination. Cantor Fitzgerald & Co., as representative of the underwriters, was granted a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments; on October 10, 2023, Cantor informed the company that it will not be exercising the over-allotment option.