SPARC AI Announces Amended Private Placement

Core Viewpoint - SPARC AI Inc. has increased the size of its non-brokered private placement offering from gross proceeds of up to $2,200,000 to $2,400,000, aiming to advance its Overwatch platform and other corporate purposes [1][4]. Group 1: Offering Details - The offering will consist of up to 1,714,286 Units priced at $1.40 per Unit, with each Unit comprising one common share and one common share purchase warrant [2]. - Each Warrant allows the holder to purchase one common share at a price of $1.80 within twenty-four months after the closing date of the Offering [2]. - If the closing price of the common shares exceeds $3.00 for ten consecutive trading days, the Company may accelerate the expiry date of the Warrants [3]. Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated to the development of the Overwatch platform, commercialization activities, and general corporate purposes [4]. Group 3: Regulatory and Compliance - The Units will be offered under the Listed Issuer Financing Exemption, making them immediately "free-trading" under applicable Canadian securities laws, except in Quebec [5]. - An offering document will be filed and accessible on the Company's profile and website, and prospective investors are encouraged to review it before making investment decisions [6].