$SPAI.CN

3 stories mentioning SPAI.CNUpdated 11d ago

Every FINWIRES story that references SPAI.CN, newest first.

Sparc Al Raises $1.1 Million After Closing Final Tranche of Brokered LIFE Financing

Sparc Al Inc (SPAI.CN) completed the second and final tranche of its previously announced brokered private placement for $1.1 million, it said on Monday.The offering consisted of the issuance of 264,047 units at $4.25 apiece. Each unit consisted of one common share and one share purchase warrant with each warrant entitling the holder to buy a share for $5.25 for a period of 60 months from the closing date.Proceeds will be used for further development of the Overwatch Platform, customization of the Overwatch Platform for specific geographic markets, product marketing, tradeshows and demonstrations, and working capital and general corporate needs.Shares of the company closed down 13% to $3.35 on Friday on the Canadian Securities Exchange.

$SPAI.CN

Mining & Metals57d ago

Sparc Al Expands Distribution Footprint in Ukraine

Sparc Al Inc (SPAI.CN) has signed an agreement to expand the distribution footprint for its Overwatch drone platform in Ukraine, the company said Thursday.Sparc's AI-powered platform allows accurate navigation and targeting when GPS is unavailable.The agreement deepens Sparc AI's direct connection to frontline operators. The company recently transitioned its previously appointed local agent to a full-time role to build direct and established relationships across both the Ukrainian defense community and the country's drone manufacturing base."Sparc AI's strategy in Ukraine is to build a broad, resilient distribution network by partnering with both drone manufacturers and groups holding direct relationships with defense end-users," the company said."The objective is to deploy Overwatch across as many drone platforms and geographic operating areas as possible, positioning the software as standard infrastructure across the entire drone ecosystem rather than being tied to any single airframe or region," the company added.Price: $5.46, Change: $-1.19, Percent Change: -17.89%

$SPAI.CN

Mining & Metals60d ago

SPARC AI Says Signed Second Ukrainian Drone Manufacturer, Expanding Distribution Footprint for GPS-Denied Software Platform; Shares up 15.5%

SPARC AI Inc (SPAI.CN) on Monday said that it signed a second Ukrainian drone manufacturer to its Overwatch platform, marking "continued commercial momentum" for the company's GPS-denied navigation and precision targeting software.The company said that this agreement is independent of it's previously announced Ukrainian partnership and opens a second distribution channel into the "world's most demanding" electronic warfare environment."Each new manufacturer integration expands the Company's installed base and deepens the operational data feeding its proprietary machine learning models," said the company.It added that all Overwatch deployments remain subject to applicable export control and defence trade compliance requirements."SPARC AI's go-to-market strategy is designed to embed Overwatch as standard infrastructure across drone and robotic platforms," said the company. "Securing a second independent manufacturer in Ukraine validates both the demand for the Company's software-only approach and the repeatability of its distribution model."Shares of the company were last seen up $0.44 at $3.26 on the Canadian Securities Exchange.Price: $3.20, Change: $+0.38, Percent Change: +13.48%

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