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sprk.global

Founded Year

2019

Stage

Seed | Alive

About SPRK

SPRK aims to make the global food supply chain food waste-free by turning millions of tons of food oversupply into a sustainable impact venture.

SPRK Headquarters Location

Space Shack Coworking Akazienstr. 3A

Berlin, 10823,

Germany

+49 173 714 7095

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Expert Collections containing SPRK

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SPRK is included in 1 Expert Collection, including Food Waste.

F

Food Waste

243 items

Startups that help tackle food waste along the food value chain. Includes solutions that help resell or repurpose food waste.

Latest SPRK News

Sparkster, CEO To Pay Back ‘Harmed Investors’ $35 Million In Settlement With SEC

Sep 20, 2022

Sparkster and its chief executive Sajjad Daya have reached a settlement with the U.S. Securities and Exchange Commission over complaints emanating from the company’s unregistered initial coin offering in 2018, a Monday press statement from the SEC. The SEC’s order finds that the Cayman Islands-headquartered software company and its CEO violated certain key provisions of the Securities Act of 1933. Image: Coinstelegram. Sparkster And CEO Agree To Return $35 Million The SEC stated that Sparkster and Daya have agreed to pay a total of $35 million into a fund that will compensate investors harmed by the SPRK ICO. Sparkster agreed to destroy its remaining tokens, request the removal of its tokens from trading platforms, and publish the SEC’s order on its website and social media platforms without confirming or rejecting the commission’s conclusions. In addition, Daya agreed not to engage in crypto asset security offerings for five years. He also agreed to pay a $250,000 civil penalty. Carolyn M. Welshhans, a senior official with the SEC’s Enforcement Division, asserts that: “The settlement with Sparkster and Daya allows the SEC to restore a substantial amount of money to investors and mandates additional measures to protect investors, including the inactivation of tokens to prevent their future sale.”  Sparkster Crypto Influencer In Hot Water This SEC decision follows a complaint filed in the United States District Court for the Western District of Texas against crypto influencer and Token Metrics CEO Ian Balina. Sparkster had hired Balina, a former IBM and Deloitte data analytics expert, to advertise its SPRK coin on his list of lucrative ICOs, which apparently attracted widespread attention after its 2017 launch. Balina, a 33-year-old Ugandan with a U.S. citizenship, did not reveal to investors that he had been compensated to sell the ICO. In addition, he allegedly violated federal securities laws by selling unregistered SPRK coins he acquired prior to the ICO. Token Metrics CEO Ian Balina. Image: Ethereum World News. He took to Twitter on Monday to denounce the charges: “The SEC charge sets a bad precedent for the entire crypto industry. If investing in a private sale with a discount is a crime, the entire crypto venture capital space is in trouble.” CEO Won’t Settle With SEC Balina also said he has rejected the option to pay a settlement with the SEC, who wants to recoup his promotional income and pursue civil fines against him. The years 2017 and 2018 were a gold rush for initial coin offerings, although some of the tactics involved were questionable and drew the attention of authorities. During the first three months of 2018, ICOs brought in a total of $6.5 billion. The largest ICOs during that year were launched by Block.one and Telegram, raising a total of about $5 billion, according to reports.

SPRK Web Traffic

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SPRK Rank

  • When was SPRK founded?

    SPRK was founded in 2019.

  • Where is SPRK's headquarters?

    SPRK's headquarters is located at Space Shack Coworking, Berlin.

  • What is SPRK's latest funding round?

    SPRK's latest funding round is Seed.

  • Who are the investors of SPRK?

    Investors of SPRK include Extreme Tech Challenge.

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