Iron Spark I Inc.
NASDAQ Capital MarketRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- Iron Spark I Inc. (NASDAQ:ISAA) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it focuses its search on tech-enabled consumer brands valued between $750 million and $3 billion, without conducting any significant operations or generating revenues prior to completing such a transaction. Incorporated in 2021 and headquartered in Jackson, Wyoming, the company does not offer specific products or services beyond its SPAC structure, which includes trust account management for public shares and sponsor promote interests held by Iron Spark I LLC; it previously targeted consumer sectors through potential deals like a planned merger with Hypebeast Limited, a digital media and e-commerce platform. Geographically, Iron Spark I Inc. maintains a U.S.-centric operation with its base in Wyoming and aims at global consumer brand opportunities via NASDAQ listing. In recent developments, the company announced in December 2022 its intention to dissolve and liquidate after failing to complete the business combination with Hypebeast Limited by the extended deadline of December 28, 2022, redeeming all outstanding public shares at approximately $10.09 per share; this followed a terminated merger agreement initially entered in April 2022, which would have resulted in Hypebeast acquiring Iron Spark I Inc. for dual listing on NASDAQ and the Hong Kong Stock Exchange, and prior extensions from an original June 2023 target. Earlier activities included closing an over-allotment option for 1,680,000 Class A shares in 2021, raising $16.8 million to bring total IPO proceeds to $166.8 million, and declaring quarterly cash dividends of $0.05 per share on Class A common stock in late 2021. The sponsor, Iron Spark I LLC (wholly owned by CEO Alexander P. Oxman and Joshua L. Spear), provided $10.9 million in funding in June 2021.
Iron Spark I Inc. to Liquidate
Iron Spark I Inc. Announces Quarterly Cash Dividend
Iron Spark I Inc. Announces Quarterly Cash Dividend
Hypebeast SPAC Merger: What to Know About the News Lifting ISAA Stock Today
Hypebeast Going Public Through Merger With Iron Spark I (ISAA)
Iron Spark I Inc. Announces Quarterly Cash Dividend
Iron Spark I Inc. Announces Quarterly Cash Dividend
Iron Spark I Inc. Announces Quarterly Cash Dividend
Iron Spark I Inc. Announces Closing of Over-Allotment Option
Iron Spark I Inc. Announces Quarterly Cash Dividend
CORRECTING and REPLACING Iron Spark I Inc. Announces Closing of $150 Million Initial Public Offering
CORRECTING and REPLACING Iron Spark I Inc. Announces Closing of $150 Million Initial Public Offering
Iron Spark I Inc. Announces Pricing of $150 Million Initial Public Offering