SPK Acquisition Corp. Announces that Common Stock and Rights to Commence Separate Trading on or about July 23, 2021

Rhea-AI Summary

SPK Acquisition Corp. (NASDAQ: SPKAU) announced that holders of its units can now separately trade the common stock and rights starting July 23, 2021. The common stock will trade under the symbol SPK, while the rights will trade under SPKAR. SPK Acquisition Corp. is a blank check company that aims to pursue mergers or acquisitions in various sectors, particularly focusing on artificial intelligence and related technologies.

Positive

• Separation of common stock and rights allows for flexible trading options for investors.
• Focus on identifying opportunities in artificial intelligence and technology innovations may lead to potential high-growth investments.

Negative

• As a blank check company, SPK Acquisition Corp. carries inherent risks associated with identifying suitable merger targets.
• Forward-looking statements indicate uncertainty about the successful completion of future business combinations.

NEW YORK, July 23, 2021 (GLOBE NEWSWIRE) -- SPK Acquisition Corp. ("the Company" or "SPK") (NASDAQ: SPKAU), a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced that holders of the Company's units may elect to separately trade the common stock and rights included in its units commencing on or about July 23, 2021.

The common stock and rights will trade on the NASDAQ Capital Market ("NASDAQ") under the symbols SPK and SPKAR, respectively. Units not separated will continue to trade on NASDAQ under the symbol SPKAU.

About SPK Acquisition Corp.

SPK Acquisition Corp. is a Delaware corporation incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. SPK's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus on opportunities in the artificial intelligence and any other related technology innovations market.

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 the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. 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.

Sophie Ye Tao

SPK Acquisition Corp.

+86 13439129879

 

FAQ

What are SPK Acquisition Corp.'s new trading symbols for common stock and rights?

The common stock will trade under the symbol SPK, and the rights will trade under SPKAR, starting on July 23, 2021.

What is the main focus of SPK Acquisition Corp. in terms of business combinations?

SPK Acquisition Corp. aims to pursue mergers and acquisitions primarily in the artificial intelligence and related technology sectors.

What does it mean for units to be traded separately?

Holders of SPK Acquisition Corp. units can now trade their common stock and rights independently, providing more trading flexibility.

Are there risks associated with SPK Acquisition Corp.'s future plans?

Yes, there are risks and uncertainties involved in successfully identifying and completing business combinations.