Spark I Acquisition Corp. (SPKLW) Warrant
Each SPKLW warrant gives the holder the right to buy 1 share of Spark I Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $11.58, above the strike, so the warrant is in the money. Spark I Acquisition Corp. has a market value of about $100.27M. Spark I Acquisition Corp. is a SPAC (deal signed with ZincFive, Inc.). It must complete a deal by March 29, 2027 or the warrants expire worthless. There are 5.00M listed warrants; exercising all of them would add 57.7% to the 8.66M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $12.39
From the issuer's S-1/A (2023-09-28).
Company and stock
- Company
- Spark I Acquisition Corp.
- Underlying stock
- SPKL
- Share price
- $11.58
- Market cap
- $100.27M
- Shares outstanding
- 8.66M
- 12-month range
- $11.14 – $13.69
- 12-month change
- -1%
- Value of all listed warrants
- $4.45M (4.4% of market cap)
- Industry
- Miscellaneous Electrical Machinery, Equipment & Supplies
- Head office
- Palo Alto, CA
- Incorporated in
- Delaware
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.8900
- Price / model
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Dilution
- Shares outstanding
- 8.66M
- Listed warrants
- 5.00M
- Dilution if all exercised
- 57.7%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- ZincFive, Inc.
- Deal announced
- 2026-06-11
- Deadline
- 2027-03-29
- Latest possible deadline
- —
- Trust per share
- $11.60
- Sponsor
- SLG SPAC Fund LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about SPKLW
When does the SPKLW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of SPKLW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many SPKLW warrants are outstanding?
5.00M listed warrants, equal to 57.7% dilution if all are exercised.
Related warrants
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