On October 5, 2023, Spark I Acquisition Corporation (the “Company”), a special purpose acquisition company, announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Global Market and trade under the ticker symbol "SPKLU" beginning on October 6, 2023. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "SPKL" and "SPKLW," respectively. Wilson Sonsini Goodrich & Rosati is advising the Company on the transaction.

The Company is a blank check company formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It will not be limited to a particular industry or geographic region in its identification and acquisition of a target company, although it will likely focus its search on targets that are late-stage technology start-ups in Asia, or a U.S. technology company with a strong Asia presence or strategy, with enterprise value greater than $1 billion.

The Wilson Sonsini team representing the Company in the transaction includes corporate attorneys Andy Hoffman, Randy Lewis, Sally Yin, and Hyo Min Kim; fund services attorney Margaret He; and tax attorneys Myra Sutanto Shen and Anthony Yanez.

For more information, please see the Company’s news release.