New York – June 11, 2026 – Cooley advised ZincFive, the leader in immediate power solutions for the data center and artificial intelligence infrastructure markets powered by its proprietary nickel-zinc battery technology, on its definitive business combination agreement with Spark I Acquisition Corporation (Nasdaq: SPKL), a special purpose acquisition company formed by SparkLabs Group. This proposed transaction represents a pro forma enterprise value of approximately $752 million and, upon completion, is expected to result in ZincFive becoming a Nasdaq-listed company under the ticker symbol ZFIV and under the name ZincFive, Inc.

The proposed business combination is expected to deliver gross proceeds of at least $100 million from a committed private investment in public equity (PIPE), which fully satisfies the agreement’s minimum cash condition, and up to $25 million in additional proceeds depending on redemptions.

The boards of directors of both ZincFive and Spark I have unanimously approved the proposed transaction, which is expected to close in the second half of 2026, subject to customary closing conditions, including approval by Spark I shareholders and regulatory review. Upon closing, the combined company will operate as ZincFive, Inc. and is expected to be listed on Nasdaq.

The Cooley team was led by New York and San Francisco partners Yvan-Claude Pierre, Garth Osterman and Peter Byrne and Seattle associate Willy Cowles, with New York capital markets associates Paul Alexander and David Brinton and New York and Los Angeles mergers and acquisitions special counsel Nathan Baum and associates Cameron Gyorffy and Dillon Holdsworth. Advice was also provided on tax matters by Washington, DC, partner Eileen Marshall; and on benefits matters by New York partner Nyron Persaud. Additional advice was provided by other practice groups within the international Cooley offices. 

Cooley advised ZincFve on all financings since its formation through its acquisition of PowerGenix Systems in 2016, including their recent Series F funding round in December 2025.

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