Spark I Acquisition Corp.

General Information

We will likely focus our search on targets that are late-stage technology startups in Asia, or a U.S. technology company with a strong Asia presence or strategy, with enterprise value greater than $1 billion. (Incorporated in the Cayman Islands)

We will not undertake our initial business combination with any entity with its principal business operations in China (including Hong Kong and Macau). We are especially interested in companies that have seen recent positive inflection points in their performance due to the adoption of disruptive strategies and business models driven by the changes in the global economy over the last few years during the pandemic. We believe these impacts are driven by permanent changes in consumer behavior towards online, virtual and sharing economies. We believe these changes have been wide reaching in nature and successful companies are present in every horizontal and vertical sector, including direct B2C companies in many consumer product categories (gaming, entertainment, fashion, consumables, finance, transportation, medical, payments, crypto-currency, blockchain, and many more), and the vast range of B2B companies supporting these B2C companies, including but not limited to hardware, software, middleware, infrastructure, and cloud companies.

The company was jointly founded by SparkLabs Group Management, LLC and our management team.

SparkLabs Group Management oversees SparkLabs Group, a premier global network of startup accelerators and venture capital funds that has invested in over 450 startups (primarily technology focused) across 6 continents since 2013. SparkLabs Group believes innovation is global and entrepreneurial knowledge, excitement and talent continue to spread around the world. SparkLabs Group is first and foremost an ecosystem builder that helps local startups grow and go global, and it is passionate about helping entrepreneurs by leveraging the Group’s prior experience, knowledge, and extended leadership and networks. SparkLabs Group has built the leading accelerator network in Asia and continues to expand globally.

SparkLabs Group also runs the world’s three largest annual demodays (held in Korea, Taiwan, and Australia) — events that bring together company founders, investors, industry leaders, ecosystem partners, and media from across the globe to feature game-changing startups, new technologies and innovations, and discussions on the latest issues and trends from global leaders in technology, media and telecommunications. The SparkLabs accelerator model and demodays were highlighted in the Netflix series “Start-Up”.

James Rhee has served as our CEO and chairman of our board of directors since July 2021. Mr. Rhee has been a partner at SparkLabs Group since 2022, and has been an advisor and mentor to SparkLabs Group since its founding in 2013. He serves as the CEO of the SparkLabs Group’s SPAC venture. Mr. Rhee is also the founder and previous president of Aero K Holdings Company, a technology focused aviation industry startup founded in 2016. Prior to Aero K Holdings Company, he served as chief executive officer of Air Asia, North Asia from November 2012 to March 2016. Prior to AirAsia, Mr. Rhee served as senior advisor to Octave Private Equity from January 2012 to July 2014, vice president and general manager of Tyco Electronics global PC business from July 2010 to December 2011, executive director of Dell’s Asia Pacific/Japan PC business and Enterprise Solutions Marketing from May 2003 to June 2010, engagement manager at McKinsey & Company from August 2000 to May 2003, and research officer at the International Monetary Fund from September 1989 to June 1998. Mr. Rhee received an M.B.A. (Gamma Beta Sigma) from Kellogg School of Management at Northwestern University in 2000 and a B.S. in Economics from the University of Minnesota in 1997.

Ho Min (Jimmy) Kim has served as our CFO and a member of our board of directors since December 2021. Mr. Kim co-founded and has served as a partner at SparkLabs Group since May 2012. Within SparkLabs Group, Mr. Kim has also served as General Partner of Sparklabs since 2018, and on the investment committees of Sparklabs Korea Funds, Sparklabs Global Funds and Sparklabs Ignition Fund since 2012. Mr. Kim also co-founded N3N, an IoT platform company and served as its president from May 2012 to December 2018. From May 2008 to February 2012, he served as head of portal and webservices for Nexon Corp., an online gaming company. Mr. Kim received a B.S. in Biomedical Engineering from Northwestern University in 1993 and an M.S. in Life Sciences from Korea Advanced Institute of Science and Technology, KAIST in 1997.

(Note: Spark I Acquisition Corp. priced its SPAC IPO on Oct. 5, 2023, in sync with the terms in its prospectus: 10.0 million units at $10.00 each to raise $100.0 million. Spark I Acquisition Corp. is the 24th SPAC IPO priced so far in 2023. Background: Spark I Acquisition Corp. filed its S-1 on July 7, 2023, and disclosed terms for its SPAC IPO: 10.0 million units at $10.00 each to raise $100.0 million. Each unit consists of one share of common stock and one-half warrant. Only a whole warrant can be redeemed for one share of stock.) 

Employees: 0
Founded: 2021
Contact Information
Address 3790 El Camino Real Unit #570 Palo Alto, CA 94306
Phone Number (650) 353-7082
Web Address
View Prospectus: Spark I Acquisition Corp.
Financial Information
Market Cap $164.22mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol SPKLU
Exchange NASDAQ
Shares (millions): 10.0
Price range $10.00 - $10.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Cantor
Expected To Trade: 10/6/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change