Spark I Acquisition Corp — Form 8-K
Filed September 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Spark I Acquisition Corp (market cap ~$109M) extended its business combination deadline from September 29, 2026 to March 29, 2027 via shareholder vote on September 25, 2026. The company and sponsor SLG SPAC Fund LLC agreed to a one-time $0.10 per Class A share deposit into the trust account on October 5, 2026 for non-redeemed shares, increasing redemption value to ~$10.92/share. Additionally, a $400,000 promissory note (no interest, zero-fee advances of $0.015/share monthly plus drawdown requests) was issued to SLG SPAC Fund LLC, with repayment contingent on business combination completion or final deadline.
Why this rating
Standard SPAC extension with sponsor support. Modest $0.10/share deposit (~$0.9M estimated) and $400K credit facility are small relative to $109M market cap. Routine for struggling SPACs seeking deal completion.
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