• Spark I Acquisition posted a net loss of USD 94,195 for the quarter ended March 31, 2026, swinging from net income of USD 542,329 a year earlier.
• Operating expenses fell to USD 156,019 from USD 307,715, while administration fees to related parties dropped to USD 159,940 from USD 269,650.
• Interest earned on investments held in the Trust Account declined to USD 221,762 from USD 1.12 million.
• Cash in operating bank account totaled USD 132,866, with USD 25.49 million held in the Trust Account and a working capital deficit of USD 4.07 million as of March 31, 2026.
• Management said it is actively negotiating a binding business combination agreement with Kneron, while flagging substantial doubt about its ability to continue as a going concern given the September 29, 2026 business-combination deadline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spark I Acquisition Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-061132), on May 14, 2026, and is solely responsible for the information contained therein.