Spark I Acquisition Corp SPKL

We are a blank check company incorporated on July 12, 2021, as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination with one or more businesses or assets, which we refer to throughout this Annual Report on Form 10-K as our initial business combination. To date, our efforts have been limited to organizational activities and activities related to the search for a target business for our initial business combination. We have generated no revenues to date, and we do not expect that we will generate operating revenues at the earliest until we consummate our initial business combination.

We announced in October 2024 that we had signed a non-binding letter-of-intent ("LOI") for a business combination with Kneron Holding Corporation ("Kneron"), a leading provider of full stack edge artificial intelligence ("AI") solutions based in San Diego, California, as well as a non-binding LOI for a business combination with a company in the hospitality software as a service/platform space. While both of these LOIs have expired, we have moved to the next phase of actively negotiating the terms of a binding business combination agreement with Kneron.