Core Viewpoint - SPARC AI INC. has successfully closed a non-brokered private placement offering, raising $200,000 in gross proceeds to support its operations and growth initiatives [1][2]. Group 1: Private Placement Details - The company issued 1,333,334 units at a price of $0.15 per unit, resulting in net proceeds of $192,000 after expenses [1]. - Each unit consists of one common share and one warrant, allowing the purchase of an additional common share at the same price for a period of twelve months [2]. - The closing date for the issuance of the securities is set for August 1, 2025, with a statutory hold period expiring on December 2, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards funding sales and marketing activities as well as general working capital [2]. Group 3: CEO Investment and Oversubscription - CEO Anoosh Manzoori personally invested $100,000 by subscribing to 666,667 shares, indicating strong insider confidence [1]. - Due to oversubscription, the company will not require a previously planned loan of $225,000 from the CEO [4]. Group 4: Company Overview - SPARC AI specializes in developing high-tech solutions for environments where GPS is unavailable, focusing on enhancing perception and awareness [5]. - The company has created an innovative Target Acquisition System and Autonomous Flight solution for drones that do not rely on GPS or other complex technologies [5].