SPK Acquisitions Corp. (SPKAU) Prices $50M IPO


SPK Acquisitions Corp. (SPKAU) Prices $50M IPO

SPK Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPKAU” Tuesday, June 8.

The new SPAC aims to combine with a target valued at $250 million to $1 billion in the TMT industry with a strong operating history in Asia. SPK is led by Chairman and CEO Sophie Ye Tao, and CFO Philip Chun-Hun Kwan.

Total SPAC deal count for 2021 year-to-date is now 331. This offering is expected to close on Thursday, June 10.

Chardan Capital Markets, LLC is acting as sole book-running manager for the offering.  Loeb & Loeb LLP is serving as Issuer’s Counsel with White & Williams LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor.  Continental Stock Transfer & Trust Company is acting as trustee.