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Spark I Acquisition Priced, Nasdaq: SPKLU

Blank check company formed by SparkLabs Group targeting late-stage tech startups with ties to Asia.

Industry: SPAC

Latest Trade: $10.58 +0.49 (+4.9%)

First Day Return: +0.9%

Return from IPO: +0.9%

Industry: SPAC

We are a newly formed blank check company. The company was jointly founded by SparkLabs Group Management, LLC and our management team. SparkLabs Group Management oversees SparkLabs Group, a premier global network of startup accelerators and venture capital funds that has invested in over 450 startups (primarily technology focused) across 6 continents since 2013. Given that our portfolio represents a wide range of investments, we may pursue an initial business combination opportunity in any business, industry, sector or geographical location. However, we will likely focus our search on targets that are late-stage technology startups in Asia, or a U.S. technology company with a strong Asia presence or strategy, with enterprise value greater than $1 billion. We will not undertake our initial business combination with any entity with its principal business operations in China (including Hong Kong and Macau). We are especially interested in companies that have seen recent positive inflection points in their performance due to the adoption of disruptive strategies and business models driven by the changes in the global economy over the last few years during the pandemic.
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IPO Data
IPO File Date 07/07/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/05/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cantor Fitzgerald
Company Data
Headquarters Palo Alto, CA, United States
Founded 2021
Employees at IPO 3
Website www.sparklabsgroup.com

Spark I Acquisition (SPKLU) Performance