Key Highlights

● Shareholders approved a six-month extension on September 25, 2026, moving the deadline from September 29, 2026 to March 29, 2027.

● The vote was 7,074,069 for and 57,456 against with no abstentions, and the named target is ZincFive, Inc.

● The company issued a Second Extension Note to sponsor SLG SPAC Fund LLC for up to $400,000, with no interest.

● Shareholders may withdraw redemption requests before 5:00 p.m. Eastern time on October 2, 2026, or receive roughly $10.92 per share.

Shareholders of Spark I Acquisition Corporation (NASDAQ:SPKL) have approved a six-month extension of the deadline by which the special purpose acquisition company must complete a business combination. According to a Form 8-K filed on September 29, 2026, the proposal passed at an extraordinary general meeting held on September 25, 2026, moving the deadline from September 29, 2026 to March 29, 2027. The target named in the filing is ZincFive, Inc., and the extension gives the company more time to pursue that proposed transaction.

The Vote

The filing reports the tally on the extension amendment proposal as 7,074,069 votes for and 57,456 votes against, with no abstentions. The proposal amended the company's Amended and Restated Memorandum and Articles of Association, and the amendment was filed with the Cayman Islands Registrar of Companies on September 28, 2026. Spark I is a Cayman Islands company whose units, Class A ordinary shares and warrants trade on Nasdaq under the symbols SPKLU, SPKL and SPKLW. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, and each whole warrant carries an exercise price of $11.50.

A special purpose acquisition company holds the money from its initial public offering in a trust account and generally must complete a deal by a stated date or return that money to public shareholders. Extension votes such as this one typically give shareholders the chance to redeem their shares. This filing does not report how many shares were redeemed in connection with the meeting or the amount remaining in the trust account.

Funding the Extension

The filing describes several payments intended to support the longer timetable. The company issued what it calls the Second Extension Note to its sponsor, SLG SPAC Fund LLC, for up to $400,000. The note bears no interest and is repayable in full on the earlier of the date the company completes its initial business combination and the extended date.

In addition, the sponsor or its designee will deposit into the trust account $0.015 per public share outstanding after redemptions each month beginning on October 1, 2026, up to a maximum aggregate amount of approximately $201,304. Separately, the company will make a one-time deposit into the trust account of $0.10 for each public share not redeemed in connection with the meeting. The filing says that deposit, which it calls the Additional Contribution, will occur on Monday, October 5, 2026.

Redemption Price, the Withdrawal Window and Gaps

An accompanying press release, filed as Exhibit 99.1, addresses shareholders who previously submitted redemption requests. It says those shareholders may withdraw their requests before 5:00 p.m. Eastern time on Friday, October 2, 2026, by contacting Continental Stock Transfer & Trust Company. Shareholders who do not withdraw will receive the original redemption price of approximately $10.92 per share.

The press release describes Spark I as a special purpose acquisition company formed by SparkLabs Group, which it calls a leading global network of startup accelerators and venture capital funds. It identifies ZincFive, Inc. as the target of the proposed business combination but gives no description of ZincFive's business.

The 8-K does not give the date or terms of the agreement with ZincFive, the consideration to be paid, or any timetable for a shareholder vote on that transaction. It also does not state the number of shares redeemed or the trust balance after redemptions. James Rhee, Spark I's Chief Executive Officer, signed the report on September 29, 2026. The exhibits include the charter amendment as Exhibit 3.1 and the promissory note as Exhibit 10.1.

Spark I Redemption Withdrawal and Deposit Dates

The redemption withdrawal deadline is 5:00 p.m. Eastern time on October 2, 2026. The $0.10 per share deposit into the trust account is scheduled for October 5, 2026, and the monthly contributions begin on October 1, 2026. The company now has until March 29, 2027 to complete its business combination. When the number of redeemed shares or the trust balance will be reported is not stated in the filing.