Spark I Acquisition Corp (NASDAQ: SPKL) is a blank check special purpose acquisition company incorporated on July 12, 2021, as a Cayman Islands exempted company, formed for the sole purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses. The company has generated no revenues to date and does not expect to generate operating revenues until it completes an initial business combination. Its IPO of 10,000,000 units closed on October 11, 2023, raising $100,500,000 ($10.05 per unit) placed in a trust account at Continental Stock Transfer & Trust Company. As of the 10-K filed March 30, 2026, the company is actively negotiating a binding business combination agreement with Kneron Holding Corporation, an edge AI solutions company based in San Diego, California. The deadline to consummate an initial business combination is September 29, 2026. CEO James Rhee serves as Chairman, with Ho Min (Jimmy) Kim as CFO and Kurtis Jang as COO. The company is headquartered in Palo Alto, California.

Revenue model

No operating revenue. The company holds IPO proceeds of $100,500,000 in a trust account. Revenue generation is deferred until completion of an initial business combination.

Products and services

Blank check SPAC vehicle. Units consisting of Class A ordinary shares and warrants, issued in the October 11, 2023 IPO. No commercial products or services as of the 10-K filed March 30, 2026.

Customers and end markets

Public shareholders holding Class A ordinary shares. No commercial customers or end markets as of the 10-K filed March 30, 2026.

Value-chain role

SPAC sponsor and acquisition vehicle. Sources, evaluates, and negotiates business combination targets, with SparkLabs Group ecosystem companies assessed as part of the target identification process.

Geographic exposure

Incorporated in the Cayman Islands. Principal executive offices in Palo Alto, California. Primary acquisition target under negotiation, Kneron Holding Corporation, is based in San Diego, California.

Source: SEC 10-K, filed 2026-03-30

Industry: Blank Checks