SPARC AI Announces Non-Brokered Private Placement to Advance Target Acquisition System

TORONTO, Canada — September 17, 2025 — Leads & Copy — SPARC AI Inc. will conduct a non-brokered private placement of up to 1,428,570 units at $0.21 per unit, aiming to raise gross proceeds of up to $300,000. Each unit includes one common share and one common share purchase warrant, exercisable at $0.28 within 36 months. The company may accelerate the warrant expiry if its share price exceeds $1.00 for ten consecutive trading days.

The proceeds will advance the Target Acquisition System's development, including defense application features, product marketing, and general corporate purposes.

The offering includes 952,380 units for Canadian residents (excluding Quebec) under the listed issuer financing exemption and 476,190 units for accredited investors. Securities under the former are not subject to a hold period, while the latter have a four-month hold.

An offering document is available on SEDAR+ and the company website. Finders’ fees will be paid to those assisting with the offering, which is subject to regulatory approvals.

SPARC AI designs and develops high-tech solutions for GPS-denied environments, enhancing perception and awareness with its Target Acquisition System and Autonomous Flight solution for drones, which operates without GPS, satellite, lidar, radar, or image recognition.

Anoosh Manzoori, Chief Executive Officer, anoosh@sparcai.net, Tel: +61.3.9666338

Source: SPARC AI Inc.