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Spark I Acquisition Corp. Unit (SPKLU)



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Upturn Advisory Summary
08/28/2025: SPKLU (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -1.09% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 10.40 - 13.35 | Updated Date 05/16/2025 |
52 Weeks Range 10.40 - 13.35 | Updated Date 05/16/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -1.25% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 178150528 | Price to Sales(TTM) - |
Enterprise Value 178150528 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 10000060 |
Shares Outstanding - | Shares Floating 10000060 | ||
Percent Insiders - | Percent Institutions 2.67 |
Upturn AI SWOT
Spark I Acquisition Corp. Unit
Company Overview
History and Background
Spark I Acquisition Corp. was a blank check company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It was founded in 2021. Given that it has completed a merger with Benson Hill, Inc (BHIL), the unit (STPKU) is no longer trading. As such, the SPAC no longer exists in its original form. All information below relates to the period before it was acquired by Benson Hill
Core Business Areas
- Special Purpose Acquisition Company (SPAC): Spark I Acquisition Corp. was formed as a SPAC, with the primary goal of identifying and merging with a private company to bring it public. This is not a business segment but a process.
Leadership and Structure
As a SPAC, Spark I Acquisition Corp. was led by a management team experienced in investing and operations. The structure was typical for a SPAC, designed to identify and execute a merger.
Top Products and Market Share
Key Offerings
- SPAC Structure and Expertise: Spark I's key offering was its expertise in identifying and executing mergers with private companies, providing a pathway for those companies to access public markets. Market share is not applicable to a SPAC.
Market Dynamics
Industry Overview
The SPAC market experienced a boom in 2020 and 2021, followed by a correction. SPACs offer a faster route to public listing compared to traditional IPOs, but are subject to regulatory scrutiny and market volatility.
Positioning
Spark I sought to identify an attractive target company in a high-growth industry. The success of a SPAC depended on its ability to find a quality target and complete a successful merger.
Total Addressable Market (TAM)
The TAM for SPACs is the total value of private companies seeking to go public. Spark I's positioning was dependent on finding a target with significant growth potential within that TAM.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Access to Capital
- Flexibility to Pursue Various Targets
Weaknesses
- Dependence on Finding a Suitable Target
- Limited Operating History
- Regulatory Risks Associated with SPACs
Opportunities
- Growing Demand for Alternative Public Offering Methods
- Increasing Number of Private Companies Seeking to Go Public
- Potential for High Returns if a Successful Merger is Completed
Threats
- Increased Competition from Other SPACs
- Market Volatility
- Regulatory Changes Affecting SPACs
- Target Company's Underperformance After Merger
Competitors and Market Share
Key Competitors
- There is no direct competitor since the SPAC no longer exists in its original form.
Competitive Landscape
Spark I's competitive position depended on its management team's ability to source and execute a successful merger.
Growth Trajectory and Initiatives
Historical Growth: Historical growth related to the execution of the acquisition.
Future Projections: Future projections depended entirely on the performance of the acquired company, Benson Hill (BHIL).
Recent Initiatives: Recent initiatives involved completing the merger with Benson Hill, Inc. (BHIL).
Summary
Spark I Acquisition Corp. Unit was a special purpose acquisition company (SPAC) that merged with Benson Hill, Inc. (BHIL). As the unit (STPKU) is no longer trading, its success is tied to Benson Hill's performance. The SPAC market is highly competitive, and success depends on identifying high-growth targets. Regulatory risks and market volatility are key factors to consider. Future performance will be determined by Benson Hill's ability to execute its business plan.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Press Releases
- Financial News Outlets
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. The analysis is based on publicly available information and may not be complete or accurate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Spark I Acquisition Corp. Unit
Exchange NASDAQ | Headquaters Palo Alto, CA, United States | ||
IPO Launch date 2023-10-06 | Chairman & CEO Mr. James Rhee | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website https://www.spark1ac.com |
Full time employees - | Website https://www.spark1ac.com |
Spark I Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Palo Alto, California.

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