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Spark I Acquisition Corp
SPKLCIK 0001884046NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$293.6K
Total Assets
$25.36M
Equity
$-7.15M
Shares Out
—
Op. Cash Flow
$-2.46M
Business
Spark I Acquisition Corp is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination as its initial business combination. It offers a public vehicle comprised of Class A ordinary shares, redeemable warrants and founder/ private warrants and pursues capital-raising via IPO units, private placements and PIPE commitments. The company focuses on identifying and closing transactions with technology companies, prioritizing targets from the SparkLabs Group ecosystem. It targets opportunities primarily in Asia and the U.S., seeking to bring targets to public markets.
Summary from filing dated 2025-03-21
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Administrative fees - related party | 1 | 1 | 1 | 1 | |
| Operating expenses | 2 | 848,569 | 657,494 | 74,508 | |
| TOTAL EXPENSES | 3 | 2 | 2 | 1 | |
| Interest Income | 4 | 4 | 1 | 4 | |
| Forgiveness of debt | 1,227 | — | — | — | |
| Unrealized gain on investments held in trust account | 3 | 5 | — | — | |
| TOTAL OTHER INCOME | 3 | 5 | 1 | 4 | |
| Net income | 293,600 | 3 | −730,903 | −1 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 112,295 | 375,403 | 1 | — | — | |
| Prepaid expenses | 81,072 | 104,411 | 156,541 | 87,500 | — | |
| Total Current Assets | 193,367 | 479,814 | 2 | 675,141 | — | |
| Investments held in trust | 25 | 107 | 102 | — | — | |
| Total Assets | 25 | 107 | 103 | 1 | — | |
| Accrued expenses and offering costs | 604,052 | 505,218 | 408,676 | 316,656 | — | |
| Related party payable | 3,500 | 3,500 | — | — | — | |
| Note payable - Sponsor | 2 | — | — | — | — | |
| Convertible note payable - Sponsor | 2 | 840,000 | — | — | — | |
| Sponsor advance | — | 840,000 | — | — | — | |
| Total Current Liabilities | 4 | 1 | 408,676 | 3 | — | |
| Deferred underwriting fee payable | 4 | 4 | 4 | — | — | |
| Total Liabilities | 7 | 5 | 4 | 3 | — | |
| Commitments and contingencies (Note 6) | — | — | — | — | — | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of December 31, 2025 and 2024, respectively | — | — | — | — | — | |
| Accumulated deficit | −7 | −4 | −3 | −2 | — | |
| Total Shareholders' Deficit | −7 | −4 | −2 | −2 | −429,449 | |
| Total Liabilities and Shareholders' Deficit | 25 | 107 | 103 | 1 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Net income | 293,600 | 3 | −730,903 | — | |
| Interest earned on investments held in Trust Account | −3 | −5 | — | — | |
| Prepaid expenses | 23,339 | 52,130 | −69,041 | 116,431 | |
| Other assets | — | 77,248 | −77,248 | — | |
| Related party payable | — | 3,500 | — | — | |
| Accrued expenses and offering costs | 98,834 | 96,542 | 92,020 | — | |
| Net Cash Used In Operating Activities | −2 | −2 | −1 | −1 | |
| Cash withdrawn from trust account | 85 | — | — | — | |
| Cash deposited into Trust Account | −201,305 | — | — | — | |
| Net Cash Provided by Investing Activities | 85 | — | −101 | — | |
| Redemptions of Class A ordinary shares | −85 | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | −82 | 840,000 | 103 | 1 | |
| Net change in cash | −263,108 | −1 | 816,533 | — | |
| Remeasurement of Class A ordinary shares to redemption value | 3 | 5 | 12 | — | |
| Conversion of Class B non-redeemable ordinary shares to Class A non-redeemable ordinary Shares | 400 | — | — | — |
Filings
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