Spark I Acquisition Corp. Warrant (SPKL)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	82.76 k	82.76 k	82.76 k	82.76 k	82.76 k	82.76 k
Cash burn (monthly)	129.48 k	2.57 k	151.54 k	178.72 k	452.20 k	264.09 k
Cash used (since last report)	658.18 k	13.08 k	770.30 k	908.45 k	2.30 mm	1.34 mm
Cash remaining	-575.42 k	69.68 k	-687.54 k	-825.69 k	-2.22 mm	-1.26 mm
Runway (months of cash)	-4.4	27.1	-4.5	-4.6	-4.9	-4.8

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Financial data from company earnings reports.

Institutional ownership, Q4 2024

SPKL institutional ownership history Ownership history

54.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	38	40	-5.0%
Opened positions	2	34	-94.1%
Closed positions	4	0	NEW
Increased positions	7	2	+250.0%
Reduced positions	10	3	+233.3%

13F shares	Current	Prev Q	Change
Total value	93.75 bn	89.52 bn	+4.7%
Total shares	8.96 mm	9.11 mm	-1.6%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Karpus Management	1.15 mm	$12.28 bn	-0.1%
Vivaldi Asset Management	850.44 k	$9.05 bn	+10.0%
CNH Partners	634.00 k	$6.75 bn	-2.5%
Schechter Investment Advisors	612.15 k	$6.51 bn	-8.6%
TD The Toronto-Dominion Bank	500.00 k	$5.32 bn	NEW
Wolverine Asset Management	475.88 k	$5.06 bn	+19.5%
HGC Investment Management	440.60 k	$4.69 bn	0.0%
Westchester Capital Management	427.72 k	$4.55 bn	0.0%
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS	399.79 k	$4.25 bn	0.0%
MMCAP International Inc. SPC	350.00 k	$3.72 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
TD The Toronto-Dominion Bank	500.00 k	+500.00 k	NEW
Cowen And	0.00	-428.96 k	EXIT
GS The Goldman Sachs Group, Inc.	0.00	-424.20 k	EXIT
Mizuho Securities Usa	152.62 k	+152.62 k	NEW
Wolverine Asset Management	475.88 k	+77.58 k	+19.5%
Vivaldi Asset Management	850.44 k	+77.23 k	+10.0%
Schechter Investment Advisors	612.15 k	-57.65 k	-8.6%
Periscope Capital	300.00 k	-50.00 k	-14.3%
Bulldog Investors	149.73 k	+47.62 k	+46.6%
Verition Fund Management	308.27 k	-31.51 k	-9.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SPKL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
11 Oct 23	SLG SPAC Fund	Warrants to purchase Class A Ordinary Shares Class A Ordinary Shares	Buy	Acquire P	No	No	11.5	8,490,535	97.64 mm	8,490,535
11 Oct 23	SLG SPAC Fund	Class B Ordinary Shares Class A Ordinary Shares	Other	Dispose J	No	No	0	448,052	0.00	6,422,078

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.