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Spark I Acquisition (Nasdaq: SPKL) details SPAC status, Kneron talks and going-concern risk
Spark I Acquisition (SPKL), a Cayman Islands-based SPAC, has outlined its financial status and ongoing discussions to complete a business combination. The company reported a significant working capital deficit and minimal cash outside its trust as of December 31, 2025, leading its auditor to express substantial doubt about its ability to continue as a going concern. Spark I is actively negotiating a binding business combination agreement with Kneron Holding Corporation and must finalize a deal or liquidate by September 29, 2026.