Data Center Battery Maker ZincFive to Merge With SparkLabs SPAC

ZincFive, a data center battery maker, agreed to merge with a SparkLabs-backed SPAC at a $600 million pre-money valuation. Revenue doubled to $69.9 million last year. Proceeds will fund production expansion to address an $81 million order backlog. Existing shareholders roll 100% of equity into the combined company.