Item 8.01. Other Events
As previously disclosed on a Current Report on Form 8-K dated June 17, 2021, on
June 11, 2021, Iron Spark I Inc. (the "Company") consummated its initial public
offering (the "IPO") of 15,000,000 shares of Class A common stock of the
Company, par value $0.0001 per share (the "Class A Common Stock"). The Class A
Common Stock was sold at a price of $10.00 per share, generating gross proceeds
of $150,000,000. The Company granted the underwriters a 45-day option to
purchase up to 2,250,000 additional shares of Class A Common Stock to cover
over-allotments.
As also previously disclosed in the Current Report, simultaneously with the
closing of the IPO, the Company consummated the private placement ("Private
Placement") with the Sponsor of 1,090,000 shares of Class A Common Stock (the
"Private Placement Shares") at a price of $10.00 per Private Placement Share,
generating total proceeds of $10,900,000.
Subsequently, on June 14, 2021, the underwriters exercised the over-allotment
option in part, and the closing of the issuance and sale of an additional
1,680,000 shares of Class A Common Stock (the "Over-Allotment Option Shares")
occurred on June 16, 2021. The issuance by the Company of 1,680,000
Over-Allotment Option Shares at a price of $10.00 per share resulted in total
gross proceeds of $16,800,000. On June 16, 2021, simultaneously with the sale of
the Over-Allotment Option Shares, the Company consummated the private sale of an
additional 100,800 Private Placement Shares, generating gross proceeds of
$1,008,000. The Private Placement Shares were issued pursuant to Section 4(a)(2)
of the Securities Act of 1933, as amended, as the transactions did not involve a
public offering.
On June 16, 2021, the Company canceled an aggregate of 142,500 shares of Class A
Common Stock issued to a certain stockholder of the Company prior to the IPO and
Private Placement.
A total of $173,472,000 of the net proceeds from the sale of Class A Common
Stock in the initial public offering (including the Over-Allotment Option
Shares) and the Private Placements on June 11, 2021 and June 16, 2021, were
placed in a trust account established for the benefit of the Company's public
shareholders. Included with this report as Exhibit 99.1 is a pro-forma balance
sheet reflecting the exercise of the over-allotment option.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Unaudited Pro Forma Balance Sheet as of June 11, 2021
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IRON SPARK I INC. 
