Vault-13

SPARK I ACQUISITION CORP SPKWF

*W EXP 10/01/203 · Equity WRT · CUSIP G8316B118

24 institutional holders +0 vs Q1 2026
1,901,2031.9m shares reported held*
$4.6mreported value*
7 new 1 added 4 reduced 7 sold out net sold ≈ $2.0m (-721.3k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $2.41. Options: 1 managers hold calls ($296.9k notional), 0 hold puts (—).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q4 23: 26Q1 24: 32Q2 24: 33Q3 24: 33Q4 24: 30Q1 25: 31Q2 25: 34Q3 25: 31Q4 25: 29Q1 26: 24Q2 26: 2424Q4 23Q2 24Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 202326
Q1 202432
Q2 202433
Q3 202433
Q4 202430
Q1 202531
Q2 202534
Q3 202531
Q4 202529
Q1 202624
Q2 202624

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q3 24: 10 bought or addedQ3 24: 7 cut or sold outQ4 24: 4 bought or addedQ4 24: 10 cut or sold outQ4 24Q1 25: 3 bought or addedQ1 25: 7 cut or sold outQ2 25: 6 bought or addedQ2 25: 6 cut or sold outQ2 25Q3 25: 3 bought or addedQ3 25: 10 cut or sold outQ4 25: 3 bought or addedQ4 25: 8 cut or sold outQ4 25Q1 26: 0 bought or addedQ1 26: 9 cut or sold outQ2 26: 8 bought or addedQ2 26: 11 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024107
Q4 2024410
Q1 202537
Q2 202566
Q3 2025310
Q4 202538
Q1 202609
Q2 2026811

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ3 25 calls: $75.0kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $39.4kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $22.5kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $296.9kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$75.0k$00.00
Q4 2025$39.4k$00.00
Q1 2026$22.5k$00.00
Q2 2026$296.9k$00.00

Biggest buyers

Saba Capital Management, L.P. New +213,878+213.9k
Centiva Capital, LP New +80,000+80.0k
Linden Advisors LP Added +50,100+50.1k
PEAK6 LLC New +48,138+48.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +18,426+18.4k
Thomas J. Herzfeld Advisors, Inc. New +6,000+6.0k
Arax Advisory Partners New +1,200+1.2k
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +1,000+1.0k

Biggest sellers

TORONTO DOMINION BANK Sold out -348,200-348.2k
Shaolin Capital Management LLC Reduced -192,746-192.7k
K2 PRINCIPAL FUND, L.P. Sold out -160,220-160.2k
Periscope Capital Inc. Reduced -151,400-151.4k
JPMORGAN CHASE & CO Reduced -125,000-125.0k
PICTON MAHONEY ASSET MANAGEMENT Sold out -125,000-125.0k
Clear Street Group Inc. Reduced -56,595-56.6k
Westchester Capital Management, LLC Sold out -44,785-44.8k
Sculptor Capital LP Sold out -40,000-40.0k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -10,080-10.1k

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $296.9k125.0k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AQR Arbitrage LLC 0.01% of their portfolio Greenwich, CT 292,331292.3k $701.6k $701.6k 0.01% Unchanged
2 Polar Asset Management Partners Inc. 0.01% of their portfolio TORONTO, A6 225,000225.0k $534.4k $534.4k 0.01% Unchanged
3 Saba Capital Management, L.P. 0.02% of their portfolio NEW YORK, NY 213,878213.9k $508.0k $508.0k 0.02% New
4 Linden Advisors LP 0.00% of their portfolio New York, NY 200,100200.1k $475.2k $475.2k 0.00% Added +50.1k +50,100
5 MMCAP International Inc. SPC 0.04% of their portfolio GRAND CAYMAN, E9 175,000175.0k $415.6k $415.6k 0.04% Unchanged
6 Wealthspring Capital LLC 0.07% of their portfolio WEST HARRISON, NY 127,450127.5k $302.7k $302.7k 0.07% Unchanged
7 MOORE CAPITAL MANAGEMENT, LP 0.01% of their portfolio NEW YORK, NY 100,000100.0k $237.5k $237.5k 0.01% Unchanged
8 Shaolin Capital Management LLC 0.01% of their portfolio Miami, FL 95,70095.7k $227.3k $227.3k 0.01% Reduced -192.7k -192,746
9 Centiva Capital, LP 0.01% of their portfolio New York, NY 80,00080.0k $192.0k $192.0k 0.01% New
10 Alberta Investment Management Corp 0.00% of their portfolio EDMONTON, A0 75,00075.0k $178.1k $178.1k 0.00% Unchanged
11 Periscope Capital Inc. 0.03% of their portfolio Toronto, A6 67,50067.5k $160.3k $160.3k 0.03% Reduced -151.4k -151,400
12 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 60,00060.0k $142.5k $142.5k 0.00% Reduced -56.6k -56,595
13 PEAK6 LLC 0.00% of their portfolio AUSTIN, TX 48,13848.1k $114.3k $114.3k 0.00% New
14 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 40,59640.6k $97.4k $97.4k 0.00% Unchanged
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 25,00025.0k $59.8k $59.8k 0.00% Reduced -125.0k -125,000
16 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 25,00025.0k $59.4k $59.4k 0.00% Unchanged
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 18,42618.4k $44.2k $44.2k 0.00% New
18 GABELLI & Co INVESTMENT ADVISERS, INC. 0.00% of their portfolio Rye, NY 12,65012.7k $30.0k $30.0k 0.00% Unchanged
19 Mint Tower Capital Management B.V. 0.00% of their portfolio AMSTERDAM, P7 12,50012.5k $30.0k $30.0k 0.00% Unchanged
20 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 12,38412.4k $29.7k $29.7k 0.00% Unchanged
21 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 12,35012.3k $29.3k $29.3k 0.00% Unchanged
22 Thomas J. Herzfeld Advisors, Inc. 0.00% of their portfolio MIAMI BEACH, FL 6,0006.0k $14.2k $14.2k 0.00% New
23 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 1,2001.2k $2.9k $2.9k 0.00% New
24 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,0001.0k $2.4k $2.4k 0.00% New