Iron Spark I Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Iron Spark I Inc. (ISAA) has declared a quarterly cash dividend of $0.05 per share for holders of its Class A Common Stock. This decision was authorized on September 26, 2022, with the dividend set to be paid on October 14, 2022, to stockholders of record as of October 7, 2022. Iron Spark aims to pursue business combinations primarily in the consumer brand sector, although no specific targets have been identified at this time.

Positive

• Declared a quarterly cash dividend of $0.05 per share
• Demonstrates commitment to returning value to shareholders
• Engaged in active search for potential business combinations in consumer brands

Negative

• No specific business combination targets identified, adding uncertainty
• Forward-looking statements indicate potential risks and uncertainties

NEW YORK--(BUSINESS WIRE)-- Iron Spark I Inc. (NASDAQ Capital Market: ISAA) ("Iron Spark" or the "Company"), a special purpose acquisition company, today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share to holders of its Class A Common Stock that was authorized on September 26, 2022. The dividend will be payable October 14, 2022 to stockholders of record on October 7, 2022.

About Iron Spark I Inc.

Iron Spark I Inc. is a newly incorporated blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region our target operates in, it is our intention to pursue prospective targets that are consumer brands. The Company will pay a quarterly dividend of $0.05 per outstanding share of Class A common stock.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the Company’s initial public offering and search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220927005370/en/

Olivia Defechereux Dejah

olivia@ironspark.com

125 N Cache St

Jackson, Wyoming 83001

Telephone: (307) 200-9007

Source: Iron Spark I Inc.

FAQ

What is the dividend amount for Iron Spark I Inc. (ISAA)?

The dividend amount is $0.05 per share.

When is the dividend payable for ISAA?

The dividend will be payable on October 14, 2022.

Who is eligible for the dividend from Iron Spark I Inc.?

Stockholders of record as of October 7, 2022, are eligible for the dividend.

What business focus does Iron Spark I Inc. have?

Iron Spark I Inc. intends to pursue prospective targets primarily in the consumer brand sector.