SPARQ Completes First Tranche of Upsized Private Placement

SPARQ Corp (TSE:SPRQ) has released an update.

SPARQ Systems Inc. has successfully completed the first tranche of its increased brokered private placement, raising $4.77 million through the sale of common shares, with a second tranche expected soon due to high investor demand. The company plans to use the proceeds for working capital and general corporate purposes, including furthering its partnership with Jio Things and enhancing its micro-inverter technology.

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