jobynimble
4週前
SPARC AI Inc. Announces Brokered LIFE Financing of Up to $5.46 Million
May 27 2026 - 10:59PM
SPARC AI Inc. (the “Company”) (CSE: SPAI) (FRANKFURT: 5OV0) is pleased to announce a brokered private placement for aggregate gross proceeds of up to $5,462,202 (the “Offering”), consisting of up to 1,285,224 units of the Company (“Units”) at a price of $4.25 per Unit. The Offering will be conducted on a commercially reasonable “best efforts” basis by A.G.P. Canada Investments ULC, acting as sole agent and sole bookrunner (the “Agent”) for the Offering.
Each Unit will consist of one common share of the Company (each, a “Share”) and one Share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Share (a “Warrant Share”) at a price of $5.25 for a period of 60 months after the Closing Date (as defined below).
The Units will be offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Order”), in all the provinces of Canada except Quebec (the “Canadian Selling Jurisdictions”). Pursuant to NI 45-106 and the Order, the securities issued to purchasers resident in the Canadian Selling Jurisdictions under the Offering, including the Shares and the Warrants underlying the Units, and, upon exercise of the Warrants, the Warrant Shares, will not be subject to a hold period under applicable Canadian securities laws. The Company is relying on the exemptions in Part 5A of NI 45-106 and the Order, and is qualified to distribute securities in reliance on the exemptions included therein. The Units may also be issued in the United States pursuant to applicable exemptions from registration requirements, and offshore jurisdictions.
In connection with the Offering, the Agent will receive a cash commission equal to 7.0% of the gross proceeds of the Offering and the Company will issue to the Agent non-transferable warrants (“Broker Warrants”) representing 3.0% of the aggregate number of Units sold pursuant to the Offering. Each Broker Warrant will entitle the holder to purchase one Share of the Company at a price of $5.25 for a period of 60 months from the Closing Date (as defined below).
The Company intends to use the net proceeds raised from the Offering for (a) further development of the Overwatch Platform (including new features and defence-specific capability), (b) customization of the Overwatch Platform for specific geographic markets, (c) product marketing, tradeshows and demonstrations, and (d) working capital and general corporate purposes.
The Offering is scheduled to close on or about June 3, 2026, or such other date that is within 45 days from the date of this news release as mutually agreed upon by the Company and the Agent (the “Closing Date”). The Offering remains subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, and compliance with the policies of the Canadian Securities Exchange (“CSE”).
There is an offering document related to the Offering (the “Offering Document”) that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at: https://sparcai.co/investors. Prospective investors should read this Offering Document before making an investment decision.
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons, absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About SPARC AI Inc.
SPARC AI is a defence technology company solving one of the most critical challenges in modern autonomous systems: accurate navigation and targeting when GPS is unavailable. The Company’s AI-powered platform transforms the low-cost inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. SPARC AI’s software-only approach enables GPS-denied capability at the scale and cost required for modern drone operations.
For more information: www.sparcai.co
For further information contact:
SPARC AI Inc.
Anoosh Manzoori, Chief Executive Officer
E-mail: anoosh@sparcai.net
Website: http://www.sparcai.co
Telephone: (213) 459-3994
jobynimble
2月前
https://www.globenewswire.com/news-release/2026/04/22/3278960/0/en/The-End-of-GPS-Reliability-Is-Reshaping-Modern-Combat-Strategy.html
AUSTIN, Texas, April 22, 2026 (GLOBE NEWSWIRE) -- AINewsWire Editorial Coverage: Satellite positioning has long served as the invisible backbone of military operations, underpinning everything from guided munitions to autonomous drone navigation, but that confidence is now fracturing. Across active combat theatres, navigation signals are being systematically jammed, spoofed and degraded at scale, turning one of warfare's most relied-upon tools into one of its most exploitable vulnerabilities. Drones lose orientation, missions fail mid-flight, and entire system architectures collapse in electronically hostile conditions, prompting defense establishments worldwide to urgently seek alternatives capable of signal-free, satellite-independent operation. Into that gap, SPARC AI Inc. (OTC: SPAIF) (profile) has introduced its software-based Overwatch platform, which enables unmanned systems to navigate and acquire targets in GPS-denied environments without any hardware modifications, a faster-to-deploy, more scalable alternative to the hardware-intensive solutions that currently dominate the sector. The company is part of a cohort of innovators, including Draganfly Inc. (NASDAQ: DPRO), AeroVironment Inc. (NASDAQ: AVAV), Kratos Defense & Security Solutions (NASDAQ: KTOS) and Red Cat Holdings Inc. (NASDAQ: RCAT), all operating where drone technology, artificial intelligence and defense capability intersect with a shared emphasis on autonomous and military-grade unmanned systems.
Click top link to read the entire article…
jobynimble
2月前
More news and getting more eyes…
https://www.globenewswire.com/news-release/2026/04/21/3277944/0/en/sparc-ai-inc-otc-spaif-offers-software-based-solution-designed-for-new-operational-reality.html
NEW YORK, April 21, 2026 (GLOBE NEWSWIRE) -- via AINewsWire — SPARC AI Inc. (OTC: SPAIF) today announces its placement in an editorial published by AINewsWire ("AINW"), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.
To view the full publication, “From Ukraine to the Middle East, GPS Disruption Drives Demand for Next-Generation Defense Technology,” please visit: https://ibn.fm/U5Gkp
For decades, GPS has operated as the invisible infrastructure underpinning modern warfare, enabling everything from precision-guided munitions to autonomous drone navigation. That assumption of reliability is now disappearing in real time. Across active conflict zones, satellite navigation signals are being jammed, spoofed and degraded at scale, turning one of the most trusted systems in defense into one of its most vulnerable. The consequences are immediate and measurable: Drones lose positioning, missions fail mid-operation and entire systems become ineffective in contested environments. . . .
Against this backdrop, SPARC AI Inc. has developed a software-based solution designed specifically for this new operational reality. The company’s Overwatch platform enables drones to navigate and identify targets in GPS-denied environments, without requiring any hardware modifications. In a market dominated by complex, hardware-dependent systems, SPARC AI’s approach offers a scalable, rapidly deployable alternative built for the conditions defining modern conflict.
About SPARC AI Inc.
SPARC AI is a defense technology company solving one of the most critical challenges in modern autonomous systems: accurate navigation and targeting when GPS is unavailable. The company’s AI-powered platform transforms the low-cost inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. SPARC AI’s software-only approach makes GPS-denied capability for target acquisition and navigation accessible at the price point and scale that modern drone operations demand, from single platforms to fleets of thousands.
For further information, please visit the company’s website at www.SPARCAI.co
NOTE TO INVESTORS:?The latest news and updates relating to SPAIF are available in the company’s newsroom at?https://ibn.fm/SPAIF
jobynimble
3月前
SPARC AI Releases Latest Investor Presentation
April 02, 2026 08:03 ET | Source: SPARC AI INC
VANCOUVER, British Columbia, April 02, 2026 (GLOBE NEWSWIRE) -- SPARC AI Inc. (the “Company”) (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) is pleased to announce the release of its latest investor presentation, providing an updated overview of the Company’s strategy, technology development, and commercial growth initiatives.
The new investor presentation highlights SPARC AI’s ongoing progress in expanding the global distribution footprint for Overwatch, the Company’s flagship solution designed to deliver advanced targeting, geolocation, and navigation capabilities in environments where GPS may be unavailable or unreliable. The Company is continuing to build distribution globally for Overwatch and is advancing discussions with potential partners and customers in multiple jurisdictions.
Investor presentation: https://sparcai.co/pdfs/SPARC_AI_Investor_Presentation_April_2026.pdf
About SPARC AI Inc.
SPARC AI is a defence technology company solving one of the most critical challenges in modern autonomous systems: accurate navigation and targeting when GPS is unavailable. The company's AI-powered platform transforms the low-cost inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. SPARC AI's software-only approach makes GPS-denied capability for target acquisition and navigation accessible at the price point and scale that modern drone operations demand, from single platforms to fleets of thousands.
For further information contact:
Anoosh Manzoori, Chief Executive Officer
SPARC AI Inc.
E-mail: anoosh@sparcai.net
Web : http://www.sparcai.co
Tel: (213) 459-3994
https://www.globenewswire.com/news-release/2026/04/02/3267317/0/en/SPARC-AI-Releases-Latest-Investor-Presentation.html
Rocketred
3月前
Small Caps, Big Gains https://nasdaqnewsreports.blogspot.com/2026/03/a-massive-silver-discovery-and-five.html
Sunday, 29 March 2026
A Massive Silver Discovery and Five Must Own Stocks Heading Into This Week
The war in Iran has continued to create market volatility and spiking oil prices. While war is always a tragedy, there is nothing much we can do as individual investors except to accept reality and invest based on the cards we are dealt. While the focus has been on oil lately, we think that gold and silver still make excellent hedges in this environment, particularly after their pullback. One company had a massive silver discovery that was overlooked this week. This gives investors an opportunity to buy in before it breaks through new 52-week highs. Our last blog featured oil and hydrogen stocks, with our top hydrogen pick being Charbone Hydrogen Corporation (CH.V)(CHHYF). Despite the hydrogen sector imploding since then, with Quebec Innovative Materials Corp. (QIMC.CN) (QIMCF) dropping by nearly half, CH has increased in price as it advances as a commercial producer. That goes to show that when you chase value instead of hype, you can protect your portfolio from major losses. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 129 followers so far on here as well as 1,039 followers on our ValueTrades blog. You can also follow us on X @StockTradePicks which has over 5,000 followers.
Brixton Metals Corporation (BBB.V) (BBBXF) announced drill results on March 25th, highlighted by an incredible find of over 82,000 g/t silver (8.23%) over half a meter. This was one of the largest finds of silver ever and shows that its Langis property still has untapped economic potential despite being a historically drilled mine. The stock has been on a steady move up since the announcement, increasing from $1.00 to $1.26 in the three days since the announcement. While this is impressive given the overall market sentiment, we think the downturn muted some of BBB's breakout potential. It traded as high as $1.39 Friday morning and looked ready to break out to a new 52-week high. However, the accelerated market crash in the afternoon took most of those gains and the stock closed at $1.26. We think this represents a buying opportunity on the stock as these incredible results won't be overlooked for too much longer. We think a fair price is $2.00 or about $140 million market cap. This is based on the massive discovery, other strong results and the potential for more discoveries of this ilk upon further drilling.
In addition to BBB, there are five other must-own stocks heading into this week.
Stock #1: Black Gold Exploration Corp. (BGX.CN): We gave this stock #1 standing in our last blog two weeks ago and the fundamentals have only gotten better. It has whipped around between $0.09 and $0.17 on low volume during that time, but overall has dropped two cents from $0.12 to $0.10. We think this is shocking given the new reality for oil and the positive updates from the company. Warrant exercises may be creating some overhang, but even if every single warrant is exercised, the float would be only 26 million. It's 17 million right now. The stock is trading at a $2 million market cap, essentially shell status for a producing oil company in the United States.
Last June the company became a producer with the Fritz 2-30 Well coming online. It has a 10% interest in this well and it is located in the Illinois basin, ideally positioned to take advantage of the desire of the United States to boost domestic energy production. Looking at a chart where the 52-week high is $2.80, one can clearly see the upside potential here with a prolonged spike in oil prices.
The company issued an operational update several days ago, detailing progress made at Fritz 2-30 as well as its El Carmen project in Argentina. The stock immediately launched over 50% once it started trading again, but since got pounded down on light volume. In this environment for oil, these depressed valuations will not last. Given the low valuation, small float and thin trading, any level of sustained buying will blow this stock up. Warrants getting exercised will bring some needed cash into the company. This remains one of the top plays on the CSE right now and we think those who ignore it will regret doing so. We think a fair price is $1.00, or about a $25 million market cap assuming all warrants get exercised.
Stock #2: New Zealand Energy Corp. (NZ.V) (NZERF): We initially recommended NZ's partner Monumental Energy Corp. (MNRG.V) (MNMRF). That pick has been a success, moving from $0.08 to as high as $0.16 and settling in at $0.13 on Friday. We think NZ holds more value at these relative prices because it retains 75% of the revenue compared to MNRG which holds a 25% royalty in exchange for funding NZ's obligations for various wells in the Taranaki Basin. Substantial progress has been made, with the Ngaere-1 well stabilizing at 120 barrels of oil per day and with successful initial production at the Waihapa H1 well. Waihapa H1 is particularly compelling because the flow rate continues to rise. For instance, the NZ press release stated that production was 553 barrels per day but the MNRG press release stated 568 barrels per day, showing that these rates are increasing in real time.
Considering the active drilling and production at multiple wells, we expect that both NZ and MNRG will continue to be in the news with positive updates at the perfect time to be releasing news about new global sources of easily accessible oil far away from the Middle East. We think a fair price on NZ is $1.00, or about a $55 million market cap.
Stock #3: AleAnna, Inc. (ANNA): ANNA is a U.S. listing that Canadians need to get their hands on. Unlike BGX or NZ, this stock is not flying under-the-radar whatsoever, and therefore isn't as much of a discounted oil and gas play as those other two. The stock ripped 20% to close at $8.51 on Friday, building on several consecutive days of strong trading since the $3's. What makes ANNA special is that it is a producer of natural gas and RNG in Italy that is profitable and has seen incredible revenue growth since ramping up production. It achieved $11.2 million in revenue in Q3 2025 compared to $648,000 in revenue for Q3 2024 and $4 million in revenue for Q2 2025. That $11.2 million in revenue generated $5.3 million in net income. So the company was already substantially profitable while prices were low for natural gas in Europe. Those prices have nearly doubled since. QatarEnergy declared force majeure on some of its LNG contracts due to the war, including those to Italy. That has left the country scrambling to try to secure more supply from Algeria. An increase in domestic supply is one lever the country can pull without being at the mercy of natural gas exporters. This bodes very well for ANNA as the company should be expected to achieve substantial revenue growth both from increased prices and higher production. We think a fair price on ANNA is $20.00, or about a $1.3 billion market cap.
Stock #4: Perimeter Medical Imaging AI, Inc. (PINK.V) (PYNKF): PINK was the other stock mentioned in our blog with MNRG. Unlike MNRG, it hasn't been successful so far, with the stock price having dropped to the mid-$0.40s from the mid-$0.50s. This is understandable given the current market dynamics. We view this as a buying opportunity. PINK's FDA approval is a game changer. Claire is the first AI-enabled imaging device approved in the United States for intraoperative breast cancer margin assessment. The technology received Breakthrough Device designation from the FDA and is designed to enhance surgeons' ability to detect difficult-to-see cancer during breast-conserving surgery and potentially reduce the need for re-operations.
About 20% of all breast cancer surgeries need a repeat operation. That's because surgeons use a combination of physical examination, and in limited cases intraoperative pathology to assess margins before sending specimens to pathology for final evaluation. As a result, patients may wait up to a week or more to learn whether margins are clear or additional surgery is required. Claire is designed to identify areas of concern during surgery, helping surgeons determine whether to remove more tissue before completing the procedure.
This AI device is going to save hospitals and insurers money and give patients better piece of mind that their surgery went right the first time. This FDA approval positions the company at the forefront of AI-enabled intraoperative imaging and marks the first commercialization of its proprietary OCT-AI platform. The Company's patented wide-field OCT technology, proprietary dataset, and integrated AI capabilities target an estimated 300,000 annual U.S. breast cancer surgeries, while providing a scalable foundation for expansion into additional cancer indications over time. This is the first step toward addressing a significantly larger global opportunity across additional cancer surgeries, biopsy procedures, and pathology applications.
We think a fair price on PINK is $2.50, or about a $330 million market cap. PINK is more speculative than the above stocks that's why it is ranked lower despite a higher upside target. Earnings are due out on March 31st, where we expect important business updates. We think it is wise to be positioned by then.
Stock #5: Sparc Al Inc. (SPAI.CN) (SPAIF): SPAI has already had a strong run from $0.20. But one can't just look at stock price, they need to look at market cap. With 25 million shares outstanding, SPAI has a $60 million market cap. This is peanuts for a company with a recently commercialized drone technology platform that doesn't rely on GPS. On March 19th, SPAI announced an order for the company's GPS-denied navigation solution from a UAE group supporting defense operations. For comparison, Swarmer, Inc (SWMR), a creator of a software stack that enables an operator to operate hundreds of drones in a swarm at once, has a $430 million market cap despite only having a little over $300,000 in revenue for each of 2024 and 2025. Drone software companies are valued very aggressively right now and SWMR's move since its IPO has been from the situation in Iran. Despite the fact that SWMR's area of focus is actually in Ukraine. SPAI is actually the company that has signed a war-related security contract in the Middle East. We think a fair price on SPAI is $10.00, or about a $250 million market cap. This still puts it below the valuation of SWMR.
Disclosure: We are long BBB.V, PINK.V, BGX.CN, NZ.V, ANNA, SPAI.CN
Posted by NNR at 01:54
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jobynimble
3月前
SPARC AI Receives Order for Mobile GPS-Denied Navigation Solution from UAE Group Supporting Defence Operations
March 19 2026 - 6:07AM
SPARC AI Inc. (the “Company”) (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0), SPARC AI defence technology company developing GPS-denied navigation and target acquisition solutions for autonomous and dismounted operations, today announced it has issued an invoice to a group operating in close collaboration with the UAE Ministry of Defence of its mobile tactical navigation and targeting platform. The order covers annual software licenses per device per year. SPARC AI will install the software and ship the configured devices to the UAE, where they will be deployed for field evaluation.
Live demo of navigation without GPS: Live Test — Navigation without GPS
Location: Melbourne suburbs
Equipment: a phone
GPS: off
Flight mode: on
If it works here, it works anywhere. pic.twitter.com/NLUDbJHoJ6— SPARCAI (@SPARC__AI) March 19, 2026
The GPS Crisis Across the Gulf and Beyond
The order comes at a time when GPS and GNSS interference has become a growing operational issue across the Middle East, particularly in and around conflict-affected areas. Aviation and safety authorities, including the UAE’s General Civil Aviation Authority, as well as international bodies such as EASA and IATA, have warned of increased GNSS jamming and spoofing affecting navigation and surveillance performance in the region. This operating environment is highlighting the urgent need for resilient, field-ready technologies that can continue to function when GPS is degraded, disrupted or deliberately denied.
SPARC AI's Mobile Tactical Solution
SPARC AI's mobile platform delivers two mission-critical capabilities on a single handheld device, functioning entirely offline without any reliance on network connectivity or satellite navigation signals.
GPS-Denied Navigation: The platform provides continuous position assurance when GNSS is unavailable or actively spoofed. Using ML-corrected IMU sensor fusion, the software integrates accelerometer, gyroscope, barometric to maintain dead-reckoning navigation across extended dismounted operations, sustaining positional continuity regardless of whether GPS is jammed, spoofed, or simply absent.
Laser-Free Target Acquisition: Operators can use the device camera to designate a target and immediately receive its precise geolocation with output in MGRS defence-preferred coordinate formats — without a laser rangefinder. This eliminates a significant equipment dependency and enables rapid, affordable target acquisition at the individual operator level.
The global military rugged smartphones market size in 2024 stands at USD $1.28 billion, and is expected to expand at a CAGR of 7.6% from 2025 to 2033, reaching an estimated value of USD $2.47 billion by 20331.
The SPARC AI software is installed on the Samsung Galaxy S24 Tactical Edition, a hardened platform adopted by defense departments worldwide. The licence fee of $2,950 per device per year covers the SPARC AI software only and does not include the cost of the device itself — a pricing structure that allows governments and units to acquire capability on existing or separately procured hardware.
“This order represents another important step in validating the real-world demand for SPARC AI’s GPS-denied technologies,” said CEO Anoosh Manzoori. “As interference and disruption to satellite navigation systems become more common in operational theatres, the need for reliable alternatives is becoming increasingly urgent. Our mobile tactical solution is built to meet exactly that challenge.”
________________________________
1. https://dataintelo.com/report/military-rugged-smartphones-market/amp
About SPARC AI Inc.
SPARC AI is a defence technology company solving one of the most critical challenges in modern autonomous systems: accurate navigation and targeting when GPS is unavailable. The company's AI-powered platform transforms the low-cost inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. SPARC AI's software-only approach makes GPS-denied capability for target acquisition and navigation accessible at the price point and scale that modern drone operations demand, from single platforms to fleets of thousands.
For further information contact:
Anoosh Manzoori, Chief Executive Officer
SPARC AI Inc.
E-mail: anoosh@sparcai.net
Web : http://www.sparcai.co
Tel: (213) 459-3994
jobynimble
3月前
Vancouver, Canada – TheNewswire - March 13, 2026 — SPARC AI Inc. (the “Company”) (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0), is pleased to announce that, further to its previously announced non-brokered private placement (the “Offering”), it has increased the size of the Offering from gross proceeds of up to $2,200,000 to gross proceeds of up to $2,400,000 .
The Offering will now consist of up to 1,714,286 Units (each, a “Unit”) at a price of $1.40 per Unit . Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $1.80 at any time on or before the date that is twenty-four months after the closing date of the Offering.
If the closing price of the common shares of the Company on the Canadian Securities Exchange exceeds $3.00 for a period of ten consecutive trading days, the Company may elect to accelerate the expiry date of the Warrants.
Anoosh Manzoori, CEO & Director, Matt McCrann , U.S CEO, and Greg Daly, who leads the Company’s Australian business development efforts, will participate in the Offering. The net proceeds raised from the Offering will be used to advance development of the Company’s Overwatch platform, commercialization activities, and for working capital and general corporate purposes.
The Units to be issued under the Offering will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the “Listed Issuer Financing Exemption”), in all provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Units offered under the Listed Issuer Financing Exemption will be immediately “free-trading” under applicable Canadian securities laws.
The Company will file an offering document related to the Offering (the “Offering Document”) that will be accessible under the Company’s profile at www.sedarplus.ca and on the Company’s website at: www.sparcai.co . Prospective investors should read the Offering Document before making an investment decision. In connection with closing of the Offering, the Company may pay finders’ fees to eligible third-parties who have assisted with introducing subscribers to the Offering. Closing of the Offering remains subject to applicable regulatory approvals.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
About SPARC AI Inc.
SPARC AI is a defence technology company solving one of the most critical challenges in modern autonomous systems: accurate navigation and targeting when GPS is unavailable. The company's AI-powered platform transforms the low-cost inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. SPARC AI's software-only approach makes GPS-denied capability for target acquisition and navigation accessible at the price point and scale that modern drone operations demand, from single platforms to fleets of thousands.
For further information contact:
Anoosh Manzoori, Chief Executive Officer
SPARC AI Inc.
E-mail: anoosh@sparcai.net
Web : http://www.sparcai.co
Tel: (213) 459-3994
jobynimble
3月前
Vancouver, Canada – TheNewswire - March 12, 2026 — SPARC AI Inc. (the “Company”) (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0), is pleased to announce it will conduct a non-brokered private placement (the “Offering”) of up to 1,571,428 Units (each, a “Unit”), at a price of $1.40 per Unit, for gross proceeds of up to $2,200,000.
Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $1.80 at any time on or before the date which is twenty-four months after the closing date of the Offering. If the closing price of the common shares of the Company on the Canadian Securities Exchange exceeds $3.00 for a period of ten consecutive trading days, the Company may elect to accelerate the expiry date of the Warrants.
Anoosh Manzoori, CEO & Director, will participate in the Offering. The net proceeds raised from the Offering will be used to advance development of the Company’s Overwatch platform, commercialization activities, and for working capital and general corporate purposes.
The Units to be issued under the Offering will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the “Listed Issuer Financing Exemption”), in all provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Units offered under the Listed Issuer Financing Exemption will be immediately “free-trading” under applicable Canadian securities laws.
The Company will file an offering document related to the Offering (the “Offering Document”) that will be accessible under the Company’s profile at www.sedarplus.ca and on the Company’s website at: www.sparcai.co . Prospective investors should read the Offering Document before making an investment decision. In connection with closing of the Offering, the Company may pay finders’ fees to eligible third-parties who have assisted with introducing subscribers to the Offering. Closing of the Offering remains subject to applicable regulatory approvals.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
About SPARC AI Inc.
SPARC AI is a defence technology company solving one of the most critical challenges in modern autonomous systems: accurate navigation and targeting when GPS is unavailable. The company's AI-powered platform transforms the low-cost inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. SPARC AI's software-only approach makes GPS-denied capability for target acquisition and navigation accessible at the price point and scale that modern drone operations demand, from single platforms to fleets of thousands.
For further information contact:
Anoosh Manzoori, Chief Executive Officer
SPARC AI Inc.
E-mail: anoosh@sparcai.net
Web : http://www.sparcai.co
Tel: (213) 459-3994
jobynimble
4月前
https://www.globenewswire.com/news-release/2026/03/09/3251735/0/en/SPARC-AI-Ready-to-Deploy-Overwatch-to-Ukraine.html
VANCOUVER, British Columbia, March 09, 2026 (GLOBE NEWSWIRE) -- SPARC AI Inc. (the “Company”) (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0), developer of the Overwatch GPS-denied navigation and targeting platform, today announced that it has successfully established the operational environment for its Overwatch platform for the Ukraine market and expects to deliver the platform this week as part of the Operational Field Testing announced in February 2026. The testing represents a critical validation milestone for Overwatch, subjecting the platform's GPS-denied navigation and target acquisition capabilities to the most demanding real-world conditions available.
The operational environment selected for the field test is characterised by persistent GPS jamming and degraded signal conditions, precisely the scenario Overwatch is designed to address. Successful performance in this environment is expected to provide compelling evidence of the platform's readiness for defence and security customers operating in contested environments globally.
In conjunction with the deployment of the platform to Ukraine, SPARC AI has implemented a significant enhancement to its data flywheel architecture that trains its AL and machine learning models. Overwatch now enables real-world operational training data generated during deployments to be fed directly into its sensor fusion machine learning models, continuously optimizing targeting and geo-location accuracy over time.
Unlike hardware-based navigation systems that deliver fixed performance from the point of manufacture, Overwatch becomes more accurate with every deployment. As the platform accumulates operational data across diverse environments, terrain types, and threat conditions, its ML models refine their sensor fusion algorithms — creating a compounding accuracy advantage that widens with scale. This flywheel effect represents a structural competitive advantage that competitors cannot replicate through hardware investment alone.
As part of the Ukraine deployment, SPARC AI will make its data flywheel architecture available to operators using Ukraine custom developed drone platforms, enabling them to contribute training data from their specific airframes directly into Overwatch's ML models.
About SPARC AI Inc.
SPARC AI is a defence technology company solving one of the most critical challenges in modern autonomous systems: accurate navigation and targeting when GPS is unavailable. The company's AI-powered platform transforms the low-cost inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. SPARC AI's software-only approach makes GPS-denied capability for target acquisition and navigation accessible at the price point and scale that modern drone operations demand, from single platforms to fleets of thousands.
For further information contact:
Anoosh Manzoori, Chief Executive Officer
SPARC AI Inc.
E-mail: anoosh@sparcai.net
Web : http://www.sparcai.co
Tel: (213) 459-3994
jobynimble
4月前
https://www.globenewswire.com/news-release/2026/02/13/3238007/0/en/SPARC-AI-Enhances-Overwatch-with-AI-Telemetry-Optimization-to-Reduce-Drift-and-Improve-Mission-Reliability.html
SPARC AI Enhances Overwatch with AI Telemetry Optimization to Reduce Drift and Improve Mission Reliability
February 13, 2026 07:00 ET | Source: SPARC AI INC
VANCOUVER, British Columbia, Feb. 13, 2026 (GLOBE NEWSWIRE) -- SPARC AI Inc. (the “Company”) (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) today announced an upgraded release of SPARC AI Overwatch, enabling drones to continuously optimize the performance of their telemetry data using machine learning and AI models. Over time, Overwatch learns the behavior of each drone’s telemetry stream and applies correction to reduce targeting and navigation drift, improving accuracy, reliability and repeatability without requiring new hardware.
SPARC AI Overwatch acts as the intelligence layer between commodity drone sensors and mission outcomes. Through a short calibration flight and ongoing operational learning, Overwatch identifies drone-specific bias patterns and corrects drift during real-world use, helping standardize performance across platforms, environments, and hardware variations.
SPARC AI Overwatch strengthens with use. Each connected drone contributes operational data that expands validated operating conditions and improves statistical confidence across flight regimes, angles, altitudes, and sensor profiles. As the dataset grows, Overwatch’s priors tighten, accelerating onboarding, improving correction quality, and increasing defensibility over time.
SPARC AI Overwatch is designed to operate across drone manufacturers and IMU configurations. SPARC AI is a software intelligence layer that makes low-cost sensors behave like higher-grade systems, enabling enterprise-scale performance improvements without the cost and complexity of hardware replacement.
The upgraded Overwatch platform is well aligned with the broader global shift toward rapidly fielding low-cost drones at scale. For example, the U.S. War Department’s Drone Dominance initiative emphasizes accelerating procurement and fielding of large volumes of inexpensive drones. In that context, SPARC AI’s approach addresses a central bottleneck by improving navigation and targeting performance through software, without adding hardware that increases unit cost, battery draw, payload weight, or integration complexity helping preserve range, flight time, and fleet economics while improving operational consistency.
https://www.war.gov/News/News-Stories/Article/Article/4399192/as-promised-war-department-moving-out-fast-on-drone-dominance/
SPARC AI has now incorporated its U.S. subsidiary and commenced recruitment for key roles, expanding its on-the-ground presence to accelerate customer engagements, deepen strategic partnerships, and scale deployment and support across North America.
About SPARC AI Inc.
SPARC AI designs and develops high tech solutions for GPS denied environments that enhance perception and awareness. The Company has developed an innovative Target Acquisition System and Autonomous Flight solution for drones without requiring GPS, satellite, lidar, radar, image recognition or any other complex hardware or software solution
For further information contact:
Anoosh Manzoori, Chief Executive Officer
SPARC AI Inc.
E-mail: anoosh@sparcai.net
Web : http://www.sparcai.co
Tel: (213) 459-3994
jobynimble
5月前
https://www.globenewswire.com/news-release/2026/01/27/3226397/0/en/SPARC-AI-Prepares-for-U-S-Defense-Launch-with-Tactical-Phone-Deployment-and-U-S-Subsidiary-Formation.html
SPARC AI Prepares for U.S. Defense Launch with Tactical Phone Deployment and U.S. Subsidiary Formation
January 27, 2026 07:52 ET | Source: SPARC AI INC
VANCOUVER, British Columbia, Jan. 27, 2026 (GLOBE NEWSWIRE) -- SPARC AI Inc. (the “Company”) (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) today announced the completion and launch of its fully offline GPS-denied navigation and laser-free target acquisition application on a defense made Tactical Edition smartphone. Built for contested environments, SPARC AI maintains operational navigation and reporting when GPS is denied, degraded, or spoofed, and enables camera-based target location generation without requiring a laser range finder or external equipment.
Samsung’s Tactical Edition is built for military use and is typically procured through government and enterprise channels rather than public retail. SPARC AI installed its application on the Tactical Edition device supplied via its reseller, Precision Technical Defence, providing an on-device software layer that maintains navigation continuity and enables targeting workflows while operating fully offline.
On the Tactical Edition phone, SPARC AI provides two mission-critical capabilities:
GPS-Denied Navigation (Fully Offline): Maintains a continuous navigation solution when GNSS is unavailable or untrusted, supporting route execution and reporting without dependence on network connectivity.
Laser-Free Target Acquisition (Phone Camera): Allows an operator to point the phone camera at a point of interest and record its geolocation and outputs defense-preferred MGRS alongside other coordinate formats, without a laser range finder.
The demonstration can be seen here: https://sparcai.co/mobile
“With nearly every soldier now carrying a mobile device, the opportunity to deploy SPARC AI on phones is on the same order of magnitude as our drone opportunity. Getting there wasn’t straightforward; delivering reliable navigation and target location fully offline, on a standard handset, without extra sensors or bolt-on hardware, is a much harder technical problem than it looks,” said CEO, Anoosh Manzoori.
Expanding U.S. Market Access
To support participation in U.S. defense procurement pathways, SPARC AI also announced it is in the process of registering a subsidiary company in the United States. The U.S. subsidiary is intended to streamline eligibility for bids and tenders and strengthen the company’s ability to sell into the U.S. market.
About SPARC AI Inc.
SPARC AI designs and develops high tech solutions for GPS denied environments that enhance perception and awareness. The Company has developed an innovative Target Acquisition System and Autonomous Flight solution for drones without requiring GPS, satellite, lidar, radar, image recognition or any other complex hardware or software solution
For further information contact:
Anoosh Manzoori, Chief Executive Officer
SPARC AI Inc.
E-mail: anoosh@sparcai.net
Web : http://www.sparcai.co
Tel: (213) 459-3994
jobynimble
5月前
Sparc AI Inc
Symbol SPAI
Shares Issued 21,645,532
Close 2026-01-12 C$ 0.89
Market Cap C$ 19,264,523
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Sparc AI appoints Saran as CFO; Dinan steps down
2026-01-12 21:25 ET - News Release
https://www.stockwatch.com/News/Item/Z-C!SPAI-3773345/C/SPAI
Mr. Anoosh Manzoori reports
SPARC AI ANNOUNCES MANAGEMENT CHANGE
Sparc AI Inc. has appointed Kartika Saran, CPA, CA, as the company's new chief financial officer, effective immediately.
Ms. Saran brings nearly 20 years of experience in financial leadership, capital markets and strategic finance. Ms. Saran is currently an audit partner at Shim & Associates LLP, chartered professional accountants, providing accounting and audit services to publicly traded companies.
Anoosh Manzoori, chief executive officer of the company, commented: "We are very pleased to welcome Ms. Saran to the leadership team. Her depth of experience and strong understanding of public company financial reporting will be instrumental as we continue to execute on our strategic objectives and build long-term shareholder value. We look forward to working close with Ms. Saran as we enter our next phase of growth."
The company also announced that John Dinan has stepped down from the role of chief financial officer, effective immediately.
Mr. Manzoori added: "On behalf of the board and management team, I would like to sincerely thank John Dinan for his dedication, professionalism and contributions during his tenure with the company. We wish him every success in future endeavours."
About Sparc AI Inc.
Sparc AI designs and develops high-technology solutions for GPS-denied environments that enhance perception and awareness. The company has developed an innovative target acquisition system and autonomous flight solution for drones without requiring GPS, satellite, lidar, radar, image recognition, or any other complex hardware or software solution.
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