TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
EYEFI Group Technologies Inc ( (TSE:SPAI) ) has issued an update.
SPARC AI Inc. announced a non-brokered private placement to raise up to $1,000,000, which will be used to enhance commercialization efforts, including establishing a sales presence in the United States and hiring personnel with defense and aerospace expertise. This initiative aims to expand the company’s market outreach and engage with defense departments, drone manufacturers, and technology partners, potentially strengthening its position in the autonomous geolocation and targeting technology market.
More about EYEFI Group Technologies Inc
SPARC AI Inc. operates in the high-tech industry, focusing on designing and developing solutions for GPS-denied environments. The company offers innovative technologies such as a Target Acquisition System and Autonomous Flight solutions that do not rely on GPS or other complex hardware, catering primarily to defense and aerospace sectors.
Average Trading Volume: 137,327
Technical Sentiment Signal: Buy
Current Market Cap: C$9.26M
For detailed information about SPAI stock, go to TipRanks’ Stock Analysis page.