Mizuho Securities USA LLC Buys New Stake in Spark I Acquisition Co. (NASDAQ:SPKL)

Mizuho Securities USA LLC bought a new stake in Spark I Acquisition Co. (NASDAQ:SPKL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 152,623 shares of the company's stock, valued at approximately $1,616,000. Mizuho Securities USA LLC owned about 0.93% of Spark I Acquisition as of its most recent filing with the Securities & Exchange Commission.

Separately, Wolverine Asset Management LLC lifted its position in Spark I Acquisition by 19.5% during the 4th quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company's stock worth $5,063,000 after acquiring an additional 77,581 shares during the period. Institutional investors own 34.90% of the company's stock.

Spark I Acquisition Price Performance

Shares of NASDAQ SPKL traded up $0.02 during mid-day trading on Friday, hitting $10.77. 450 shares of the company were exchanged, compared to its average volume of 30,017. The stock has a 50 day simple moving average of $10.73 and a 200-day simple moving average of $10.62. Spark I Acquisition Co. has a 1-year low of $10.26 and a 1-year high of $11.95.

Spark I Acquisition Company Profile

Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.