Sparks Energy went public via a SPAC merger with 10X Capital Venture Acquisition III in a $475m deal.

Sparks Energy, a provider of power infrastructure restoration and services, went public via a SPAC merger with 10X Capital Venture Acquisition III, a blank cheque company, in a $475m deal. “Listing as a publicly traded company will enable increased growth opportunities for Sparks Energy. The enhanced access to capital will allow us to accelerate our plans to scale and grow our service offerings and geographic reach across the United States at a time when customers need them the most. The “Electrification of Everything”, the push to renewable energy sources, and the impacts of more frequent and severe storms resulting from climate change are creating a tremendous amount of pressure on the country’s already strained electric distribution system. Through our partnership with 10X III, we look forward to expanding our ability to grow our customer base and ensure the highest levels of electrical reliability from our nation’s utilities," Jaradda Sparks, Sparks Energy Founder and CEO.