Vancouver, Canada – TheNewswire - December 2, 2025 — SPARC AI Inc. (the “Company”) (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) following a review by the BCSC, the Company has amended and refiled its interim management’s discussion and analysis (the “Amended Interim MD&A”) for the period ended June 30, 2025 to clarify its disclosure. The Amended MD&As provide revised and updated disclosure respecting, among other things, the Company's overall performance, operations, product development, and comparison of ...

Core Insights - SPARC AI Inc. has received two custom-built STRIKE-1 drones for demonstrating its target acquisition system and autonomous navigation technology [1] - The STRIKE-1 drones will facilitate controlled test flights, allowing for consistent evaluation of system performance and software validation [1][3] - The company aims to enhance commercial engagement by enabling more frequent demonstrations and shortening customer evaluation cycles [3] Company Overview - SPARC AI Inc. specializes in developing GPS-free target acquisition and intelligence software for drones and edge devices [4] - The company's technology provides real-time detection and tracking without reliance on traditional sensors like radar or lidar [4] - SPARC AI is focused on creating a scalable software platform that aims to redefine drone intelligence globally [4] Customer Engagement Strategy - The STRIKE-1 drones will be available for paid customer trials, allowing organizations to test capabilities without modifying their existing fleets [2] - This approach is designed to streamline onboarding and reduce integration time for potential customers [2] - The dedicated aircraft are expected to provide a clear pathway from testing to deployment, enhancing customer confidence in the technology [3]

Core Points - SPARC AI Inc. is conducting a non-brokered private placement of up to 1,428,571 units at a price of $0.70 per unit, aiming for gross proceeds of up to $1,000,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of a common share at $0.90 within twelve months after the offering's closing date [2] - The company plans to use the proceeds for commercialization initiatives, including establishing a sales presence in the U.S., hiring experienced personnel, and enhancing market outreach for its product suite [3] Company Overview - SPARC AI Inc. specializes in high-tech solutions for GPS-denied environments, enhancing perception and awareness [4] - The company has developed a Target Acquisition System and Autonomous Flight solution that does not rely on GPS, satellite, lidar, radar, or complex hardware/software [4]

Core Insights - SPARC AI Inc. has appointed a leading North American defense and government advisory firm to enhance its expansion into the U.S. and Canadian defense markets, marking a significant milestone in its growth strategy [1][2] - The advisory firm will assist in business development, government defense relations, and strategic introductions, ensuring compliance with the Lobbying Act of Canada [2] - SPARC AI's CEO stated that the company has reached a level of technological maturity suitable for deployment, with systems tested in demanding conditions [3] Company Developments - The newly appointed advisory firm will guide SPARC AI in strengthening partnerships within North America's defense ecosystem [2] - SPARC AI has expanded its drone demonstration fleet, acquiring custom-built drones to showcase its advanced technologies, including the Target Acquisition System and Autonomous Flight Engine [3] - The company's technology enables drones to operate without GPS, radar, laser, or lidar, which is crucial for operations in contested environments [3] Technology Overview - SPARC AI develops next-generation, GPS-free target acquisition and intelligence software for drones and edge devices, focusing on real-time detection and tracking without heavy sensors [4] - The flagship platform aims to provide unmatched situational awareness for defense, rescue, and commercial operators [4] - The company is committed to building a scalable software platform that will define the future of drone intelligence globally [4]

Core Insights - SPARC AI Inc. has launched Overwatch, a groundbreaking GPS-free, zero signature universal map and target intelligence platform for drones, marking a significant advancement in drone intelligence technology [1][2][3] Product Overview - Overwatch provides real-time mapping, detection, classification, tracking, monitoring, and engagement behavior, enhancing situational awareness in GPS-denied environments [2] - The platform records target movements and behaviors over time, offering unique intelligence and clarity compared to traditional surveillance methods [2] - The integration of SPARC AI's patented Target Acquisition System with Overwatch creates a comprehensive solution for real-time target detection and analysis across various mission environments [3] Market Strategy - To promote adoption, SPARC AI is initiating an invite-only Early Access Partner Program for select defense, rescue, and security organizations, providing them with access to product roadmaps and special pricing [4] - The launch of Overwatch is accompanied by a refreshed corporate brand and a new website featuring product demonstrations and resources [5] Company Vision - SPARC AI is focused on developing next-generation, GPS-free target acquisition and intelligence software, aiming to redefine drone intelligence globally [6]

Core Points - SPARC AI Inc. has successfully closed a non-brokered private placement, issuing 1,572,976 Units at a price of $0.21 per Unit, resulting in gross proceeds of $330,325 [1] - The net proceeds from the Offering, amounting to $311,899 after finder's fees, will be utilized for the development of the Company's Target Acquisition System and for general corporate purposes [1][3] Summary by Sections Offering Details - Each Unit consists of one common share and one common share purchase warrant, with each Warrant allowing the purchase of one common share at $0.28 until September 26, 2028 [2] - The Offering included 1,048,651 Units issued under the Listed Issuer Financing Exemption and 524,325 Units under the Accredited Investor Exemption [4] Use of Proceeds - The net proceeds will be directed towards advancing the development of the Target Acquisition System, enhancing features for defense applications, product marketing, tradeshows, demonstrations, and general working capital [3] Company Overview - SPARC AI Inc. specializes in high-tech solutions for GPS-denied environments, focusing on innovative systems for drones that do not rely on complex hardware or software solutions [5]

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].

Core Points - SPARC AI Inc. has granted incentive stock options to consultants for the purchase of 200,000 common shares at an exercise price of $0.27 per share, which are exercisable for a period of 12 months, expiring on September 16, 2026 [1] Company Overview - SPARC AI designs and develops advanced technology solutions for environments where GPS is unavailable, enhancing perception and awareness [2] - The company has created an innovative Target Acquisition System and Autonomous Flight solution for drones that do not rely on GPS, satellite, lidar, radar, image recognition, or other complex hardware or software [2]

Core Viewpoint - SPARC AI Inc. is conducting a non-brokered private placement to raise up to $300,000 through the sale of 1,428,570 units at a price of $0.21 per unit [1][2] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.28 within thirty-six months after the offering's closing date [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] 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: Regulatory Compliance - The offering will comply with National Instrument 45-106, with 952,380 units available to Canadian residents (excluding Quebec) under the Listed Issuer Financing Exemption, and 476,190 units available to accredited investors in eligible jurisdictions [4] - Securities under the Listed Issuer Financing Exemption will not have a hold period, while those under the Accredited Investor Exemption will be subject to a four-month-and-one-day hold period [4] Group 4: Company Overview - SPARC AI Inc. specializes in high-tech solutions for GPS-denied environments, focusing on enhancing perception and awareness through its innovative Target Acquisition System and Autonomous Flight solution for drones [6]

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].