ZincFive Agrees $600 Million SPAC Merger to Go Public as Revenue Doubles
Updated
Updated · Bloomberg · Jun 11
ZincFive Agrees $600 Million SPAC Merger to Go Public as Revenue Doubles
2 articles · Updated · Bloomberg · Jun 11
Summary
$600 million is the pre-money valuation in ZincFive’s agreement to go public through a merger with a SparkLabs Group-backed blank-check company.
$69.9 million in 2025 revenue — up twofold from a year earlier — underpins the battery maker’s push to tap public markets.
An $81 million order backlog as of Dec. 31 is driving the deal’s use of proceeds, with ZincFive planning to expand production for its data-center battery business.
Oregon-based ZincFive specializes in batteries for data centers, placing the listing in a market tied to rising power and backup needs for digital infrastructure.