Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Shin-Bae Kim was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. お知らせ • May 19
Spark I Acquisition Corporation Receives Non-Compliance Notice with Nasdaq Listing Rule On May 14, 2026, Spark I Acquisition Corporation received a written notice (the “ Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq”) indicating that the Company is not in compliance with Listing Rule 5450(a)(2) (the “ Minimum Total Holders Rule”), which requires the Company to have at least 400 “Total Holders” (defined as both beneficial holders and holders of record) of the Company’s ordinary shares for continued listing on the Nasdaq Global Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no immediate effect on the listing or trading of the Company’s securities on the Nasdaq Global Market. The Notice stated that Company has 45 days to submit a plan to regain compliance with the Minimum Total Holders Rule. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance with the Minimum Total Holders Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel. The Company intends to submit a plan with Nasdaq on or before June 29, 2026 to maintain its Nasdaq listing. お知らせ • Feb 13
Spark I Acquisition Corporation, Annual General Meeting, Feb 25, 2026 Spark I Acquisition Corporation, Annual General Meeting, Feb 25, 2026. Location: zv0byshjvktpxgxsshh0cnt, meeting id: 845 2887 7695, United States お知らせ • Jan 29
Spark I Acquisition Corporation announced that it expects to receive $1.9 million in funding Spark I Acquisition Corporation announced a private placement to issue unsecured convertible promissory note at principal amount of $1,900,000 for gross proceeds of $1,900,000 on January 28, 2025. The transaction includes participation from returning investor, SLG SPAC Fund LLC. The notes will convert into number of warrants to purchase one Class A ordinary share at an exercise price of $11.50 per share. The Note was issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. The Note does not bear interest.
On the same date the company issued unsecured convertible promissory note at principal amount of $840,000 for gross proceeds of $840,000 in its first tranche. お知らせ • Oct 22
Kneron, Inc. signed a letter of intent to acquire Spark I Acquisition Corporation (NasdaqGM:SPKL) in a reverse merger transaction. Kneron, Inc. signed a letter of intent to acquire Spark I Acquisition Corporation (NasdaqGM:SPKL) in a reverse merger transaction on October 21, 2024. SPKL has also signed a non-binding letter-of-intent for a business combination with a company is in the hospitality software as a service/platform as a service space, though SPKL intends to prioritize its negotiations with Kneron. Under the terms of the LOI, SPKL and Kneron would become a combined entity, with Kneron’s existing equity holders rolling 100% of their equity into the combined public company. Completion of a business combination with Kneron is subject to, among other matters, SPKL’s due diligence review and investigation of Kneron, the negotiation of a definitive agreement providing for the transaction, approval of the transaction by the board and shareholders of both SPKL and Kneron, and satisfaction of the conditions in the definitive agreement. お知らせ • Oct 17
Spark I Acquisition Corporation, Annual General Meeting, Nov 07, 2024 Spark I Acquisition Corporation, Annual General Meeting, Nov 07, 2024. お知らせ • Apr 02
Spark I Acquisition Corporation announced delayed annual 10-K filing On 04/01/2024, Spark I Acquisition Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Dec 31
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. COO & Director Kurtis Jang is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.