Spark I Acquisition Files for $100M IPO

Spark I Acquisition registered to offer 10 million units at $10 each. A unit consists of one Class A ordinary share and one-half of a warrant.

Spark 1 plans to target late-stage tech startups with a connection to Asia.

The SPAC was formed by SparkLabs Group Management, which oversees SparkLabs Group, a global network of startup accelerators and venture capital funds that has invested in over 400 startups, primarily technology focused, across six continents since 2013.

The SPAC’s CEO and Chairman James Rhee has been a partner of SparkLabs Group since 2022, and has been an advisor and mentor to SparkLabs Group since its founding.

The new SPAC intends to apply for a Nasdaq listing under the symbol SPKLU.

Cantor Fitzgerald is sole bookrunning manager of the offering.