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EYEFI Group Technologies Inc ( (TSE:SPAI) ) has issued an announcement.
SPARC AI Inc. has successfully closed a non-brokered private placement offering, raising $200,000 through the issuance of 1,333,334 units at $0.15 per unit. The funds will be allocated towards sales, marketing, and general working capital. The CEO, Anoosh Manzoori, contributed significantly to the offering, and the company has decided not to proceed with a previously considered loan due to the oversubscription and support received. The closure of this offering strengthens SPARC AI’s financial position and reflects strong investor confidence, potentially enhancing its market presence and operational capabilities.
More about EYEFI Group Technologies Inc
SPARC AI designs and develops high-tech solutions for GPS-denied environments, focusing on enhancing perception and awareness. The company has created an innovative Target Acquisition System and Autonomous Flight solution for drones that operate without the need for GPS, satellite, lidar, radar, image recognition, or other complex hardware or software solutions.
Average Trading Volume: 19,797
Technical Sentiment Signal: Sell
Current Market Cap: C$2.87M
See more insights into SPAI stock on TipRanks’ Stock Analysis page.