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Spark I Acquisition to merge with ZincFive in deal valuing battery maker at USD 752 million

PUBT·06/11/2026 12:01:41
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Spark I Acquisition to merge with ZincFive in deal valuing battery maker at USD 752 million
  • ZincFive agreed to combine with Spark I Acquisition Corp., targeting a Nasdaq listing under ticker ZFIV in 2H 2026.
  • Deal values ZincFive at USD 600 million pre-money, implying a pro forma enterprise value of about USD 752 million.
  • Expected gross proceeds of about USD 125 million include a USD 100 million committed PIPE, covering the minimum cash condition.
  • ZincFive revenue rose to about USD 66.9 million in 2025; commercial backlog stood near USD 81 million as of Dec. 31, 2025.
  • Proceeds earmarked for growth, commercial deployments, and a US manufacturing build-out; ZincFive shareholders roll 100% equity into the combined company.


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 Business Wire (Ref. ID: 202606110800BIZWIRE_USPR_____20260611_BW557937) on June 11, 2026, and is solely responsible for the information contained therein.