SPARC AI Private Placement Update

Core Viewpoint - SPARC AI Inc. has increased its non-brokered private placement by 10% to 1,571,428 units, raising gross proceeds up to $330,000 due to investor interest [1][2]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing purchase of a common share at $0.28 within 36 months [2]. - If the closing price of the common shares exceeds $1.00 for ten consecutive trading days, the company may accelerate the expiry date of the warrants [2]. - The offering will be available to Canadian residents (except Quebec) and accredited investors, with specific exemptions under National Instrument 45-106 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the development of the Target Acquisition System, including new features for defense applications, product marketing, tradeshows, demonstrations, and general corporate purposes [3]. Group 3: Company Overview - SPARC AI Inc. specializes in high-tech solutions for GPS-denied environments, focusing on enhancing perception and awareness through innovative systems for drones [6].