$SPKLU

Spark I Acquisition Corp

CIK:0001884046|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
EXPENSES
Administrative fee - related party	$ 179,940	$ 285,650	$ 339,880	$ 555,300
Formation and operating expenses	1,697,094	478,217	1,853,113	785,932
TOTAL EXPENSES	1,877,034	763,867	2,192,993	1,341,232
OTHER INCOME
Interest Income	1	1	2	2
Unrealized gain on investments held in Trust Account	226,144	1,126,449	447,907	2,246,142
TOTAL OTHER INCOME	226,145	1,126,450	447,909	2,246,144
Net (loss) income	$ (1,650,889)	$ 362,583	$ (1,745,084)	$ 904,912
Class A ordinary shares
OTHER INCOME
Weighted Average ordinary shares outstanding, basic (in shares)	2,236,713	10,000,000	2,236,713	10,000,000
Weighted Average ordinary shares outstanding, diluted (in shares)	2,236,713	10,000,000	2,236,713	10,000,000
Basic net (loss) income per ordinary share (in dollars per share)	$ (0.19)	$ 0.02	$ (0.2)	$ 0.06
Diluted net (loss) income per ordinary share (in dollars per share)	$ (0.19)	$ 0.02	$ (0.2)	$ 0.06
Class B ordinary shares
OTHER INCOME
Weighted Average ordinary shares outstanding, basic (in shares)	6,422,078	6,422,078	6,422,078	6,422,078
Weighted Average ordinary shares outstanding, diluted (in shares)	6,422,078	6,422,078	6,422,078	6,422,078
Basic net (loss) income per ordinary share (in dollars per share)	$ (0.19)	$ 0.02	$ (0.2)	$ 0.06
Diluted net (loss) income per ordinary share (in dollars per share)	$ (0.19)	$ 0.02	$ (0.2)	$ 0.06

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities:
Net income (loss)	$ (1,745,084)	$ 904,912
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Interest earned on investments held in Trust Account	(447,906)	(2,246,142)
Changes in operating assets and liabilities:
Prepaid expenses	(21,165)	29,750
Related party payable	70,000
Accrued expenses and offering costs	1,474,806	337,905
Net Cash Used In Operating Activities	(669,349)	(973,575)
Cash Flows From Investing Activities:
Cash deposited into Trust Account	(201,304)
Net Cash Used In Investing Activities	(201,304)
Cash Flows From Financing Activities:
Net Cash Provided By Financing Activities	1,160,000	1,700,000
Net change in cash	289,347	726,425
Cash at beginning of period	112,295	375,403
Cash at end of period	401,462	1,101,828
Supplemental disclosure of non-cash financing activities:
Remeasurement of Class A ordinary shares to redemption value	649,211	2,246,142
Convertible note payable
Cash Flows From Financing Activities:
Proceeds from note payable	360,000	700,000
Note payable - Sponsor
Cash Flows From Financing Activities:
Proceeds from note payable	$ 800,000	$ 1,000,000

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash	$ 401,642	$ 112,295
Prepaid expenses	102,237	81,072
Total Current Assets	503,879	193,367
Investments held in trust	25,813,648	25,164,437
Total Assets	26,317,527	25,357,804
Current Liabilities:
Accrued expenses and offering costs	2,078,858	604,052
Related party payable	$ 73,500	$ 3,500
Other Liability, Current, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Note payable - Sponsor	$ 2,500,000	$ 1,700,000
Convertible note payable - Sponsor	$ 1,900,000	$ 1,540,000
Notes Payable, Current, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Total Current Liabilities	$ 6,552,358	$ 3,847,552
Non-current Liabilities:
Deferred underwriting fee payable	3,500,000	3,500,000
Total Liabilities	10,052,358	7,347,552
Commitments and contingencies (Note 6)
Shareholders' Deficit:
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding at June 30, 2026 and December 31, 2025
Accumulated deficit	(9,549,121)	(7,154,827)
Total Shareholders' Deficit	(9,548,479)	(7,154,185)
Total Liabilities and Shareholders' Deficit	26,317,527	25,357,804
Class A ordinary shares subject to possible redemption
Non-current Liabilities:
Class A ordinary shares subject to possible redemption; 2,236,713 shares at redemption value of $11.54 and $11.25 at June 30, 2026 and December 31, 2025, respectively	25,813,648	25,164,437
Class A ordinary shares not subject to possible redemption
Shareholders' Deficit:
Ordinary shares	400	400
Class B ordinary shares
Shareholders' Deficit:
Ordinary shares	$ 242	$ 242