This article has been disseminated on behalf of SPARC AI Inc. and may include paid advertising.
SPARC AI (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) announced a brokered private placement for aggregate gross proceeds of up to $5,462,202, consisting of up to 1,285,224 units priced at $4.25 per unit. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable at $5.25 for a period of 60 months after the closing date.
The company intends to use the net proceeds for further development of its Overwatch Platform, including new features and defense-specific capability, customization for specific geographic markets, product marketing, tradeshows and demonstrations, working capital and general corporate purposes. The offering is scheduled to close on or about June 3, 2026, subject to certain conditions, including necessary approvals and compliance with Canadian Securities Exchange policies.
NOTE TO INVESTORS: The latest news and updates relating to SPAIF are available in the company’s newsroom at https://nnw.fm/SPAIF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer