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EYEFI Group Technologies Inc ( (TSE:SPAI) ) has shared an update.
SPARC AI Inc. has successfully closed its non-brokered private placement, raising $1,002,700 through the issuance of 1,432,429 Units at $0.70 per Unit. The net proceeds of $975,820 will be used to advance the development of the company’s technology products and commercialization activities. The offering included participation from company directors, which constitutes a related party transaction under applicable securities laws. This financial move is expected to bolster SPARC AI’s operational capabilities and enhance its market position in the tech industry.
More about EYEFI Group Technologies Inc
SPARC AI Inc. 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: 137,253
Technical Sentiment Signal: Buy
Current Market Cap: C$12.27M
For detailed information about SPAI stock, go to TipRanks’ Stock Analysis page.