Spark I gets Nasdaq notice ahead of Kneron deadline
Spark I Acquisition Corp disclosed it fell below Nasdaq’s minimum 400-holder requirement, triggering a compliance notice received May 14. Shares closed Wednesday at $12.40, about 8.9% above redemption value, with a $107.37 million market cap. The company has 45 days to submit a compliance plan and is negotiating a merger with Kneron Holding Corporation. Spark reported no revenue and a $94,195 net loss for Q1.