Spark I Acquisition Corp (SPKL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 296.48% of current shares
Recent Dilution: 56.37% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
6.2M
Potential Supply
18M
Additional shares possible
Splits
None
Past 2 years

Summary

SPKL currently has 6.24M outstanding shares. with significant dilution risk as 18.5M authorized shares could dilute existing holders by 296.5%. The company has significantly diluted shareholders by 56.37% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 6.2M shares outstanding

6.2M 18M
Mar 30, 2026

10-K filing | 6.3M shares outstanding

6.3M 18M
Aug 12, 2025

10-Q filing | 6.2M shares outstanding

6.2M 18M
May 13, 2025

10-Q filing | 10.0M shares outstanding

10M 18M
Mar 21, 2025

10-K filing | 6.4M shares outstanding

6.4M 18M
Nov 12, 2024

10-Q filing | 6.4M shares outstanding

6.4M 18M
Aug 14, 2024

10-Q filing | 6.4M shares outstanding

6.4M 18M
May 10, 2024

10-Q filing | 6.4M shares outstanding

6.4M 18M
Apr 03, 2024

10-K filing | 10.0M shares outstanding

10M 18M
Nov 15, 2023

10-Q filing | 6.4M shares outstanding

6.4M 18M
Oct 18, 2023

8-K filing: Spark I Acquisition Corporation consummated its initial public offering of 10,000,000 units at $10.00 per Unit, generating gross proceeds of $100,000,000, and completed a private sale of 8,490,535 warrants to SLG SPAC Fund LLC at $1.00 per warrant, generating gross proceeds of $8,490,535. ($108.49M proceeds)

6.9M 18M
Oct 12, 2023

8-K filing: Spark I Acquisition Corporation consummated its IPO of 10,000,000 units at $10.00 per unit, generating gross proceeds of $100,000,000, and completed the private sale of 8,490,535 warrants to the Sponsor at $1.00 per warrant, generating gross proceeds of $8,490,535. ($108.49M proceeds)

6.9M 18M
Sep 28, 2023

S-1/A filing: Initial public offering of units, each consisting of one Class A ordinary share and one-half of one redeemable warrant.

6.9M 18M
Sep 25, 2023

S-1/A filing: The company is offering 10,000,000 units, each consisting of one Class A ordinary share and one-half of one redeemable warrant, at a price of $10.00 per unit.

6.9M 15M
Sep 15, 2023

S-1/A filing: Initial public offering of units, each consisting of one Class A ordinary share and one-half of one redeemable warrant, at an offering price of $10.00 per unit.

6.9M 18M
Jul 07, 2023

S-1 filing: Initial public offering of units, each consisting of one Class A ordinary share and one-half of one redeemable warrant.

6.9M 20M
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