Spark I Acquisition Q2 net loss widens to $1.65 million; Q2 operating expenses rise to $1.7 million
SPKL•Merger agreement
The company entered a merger and reorganization agreement with ZincFive in June 2026; the deadline to complete a deal remains Sept. 29, 2026.
Quarterly results
Spark I Acquisition posted a net loss of $1.65 million for the quarter ended June 30, 2026, swinging from net income of $362,583.
Operating expenses rose to $1.7 million; administration-related party expenses fell to $179,940.
Trust account and liquidity
Interest earned on Trust Account investments dropped to $226,144 from $1.13 million.
Cash totaled $401,642; Trust Account balance was $25.81 million, with a working capital deficit of $6.05 million.
