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The latest announcement is out from EYEFI Group Technologies Inc ( (TSE:SPAI) ).
SPARC AI Inc. has announced a non-brokered private placement to raise up to $300,000 through the sale of 1,428,570 units, each consisting of a common share and a warrant. The proceeds will be used to advance the development of the company’s Target Acquisition System, focusing on defense applications, marketing, and corporate purposes. The offering is structured to comply with Canadian regulatory exemptions, allowing certain securities to be free from hold periods, while others will have a four-month hold. This move is expected to enhance SPARC AI’s operational capabilities and market positioning in the defense sector.
More about EYEFI Group Technologies Inc
SPARC AI Inc. designs and develops high-tech solutions for GPS-denied environments, enhancing perception and awareness. The company has created an innovative Target Acquisition System and Autonomous Flight solution for drones that do not require GPS, satellite, lidar, radar, image recognition, or other complex hardware or software solutions.
Average Trading Volume: 28,372
Technical Sentiment Signal: Buy
Current Market Cap: C$3.78M
See more insights into SPAI stock on TipRanks’ Stock Analysis page.