ZincFive, a battery power supplier for data centers and the AI infrastructure sector, is going public through a SPAC backed by SparkLabs Group.
The merger values ZincFive at $600 million pre-money with a pro forma enterprise value of $752 million. The target saw its revenue double to $77 million in 2025, and has about $81 million in backlog from hyperscalers as demand for data centers continues to grow.
ZincFive will use the proceeds to grow production.