SPARC AI Closes Non-Brokered Private Placement Offering
(TheNewswire)
July 28, 2025 – Toronto, Canada –TheNewswire - SPARC AI INC. 
SPAI (OTCQB: SPAIF)
(Frankfurt: 5OV0) (“SPAI” or the “Company”) would like to make a correction to the news release issued on28 July 2025.
On the 22 July 2025, the Company issued a news releasestating the private placement warrants and broker warrants had a24-month term. The closing news release issued on the 28 July 2025incorrectly stated the warrants had a 12-month term.
The Company confirms the warrants have a 24-month term.
About SPARC AI
SPARC AI designs and develops high tech solutions forGPS denied environments that enhance perception and awareness. TheCompany has developed an innovative Target Acquisition System andAutonomous Flight solution for drones without requiring GPS,satellite, lidar, radar, image recognition or any other complexhardware or software solution.
For more information contact:
Website: https://www.sparcai.co
Anoosh Manzoori, CEO
SPARC AI INC.
Email: anoosh@sparcai.net
Phone: +61.3.9666338
THE CANADIAN SECURITIES EXCHANGE HASNOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY ORADEQUACY OF THIS RELEASE. NO SECURITIES COMMISSION OR OTHER REGULATORYAUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINEDHEREIN.
Cautionary Statement
Regarding “Forward-Looking” Information Some of thestatements contained in this news release are forward-lookingstatements and information within the meaning of applicable securitieslaws. Forward-looking statements and information can be identified bythe use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of suchwords or phrases, or statements that certain actions, events orresults “may”, “could”, “should”, “would”, “might”or “will” be taken, occur or be achieved. This forward-looking information is provided as of the dateof this news release. The forward-lookinginformation reflects our current expectations and assumptions and issubject to a number of known and unknown risks, uncertainties andother factors, which may cause actual results, performance, orachievements to be materially different from any anticipated future results, performance orexpectations expressed or implied by the forward-looking information.No assurance can be given that these assumptions will prove correct.Forward-looking statements and information are not historical factsand are subject to a number of risks and uncertainties beyond theCompany’s control.Investors are advised to consider the risk factors under the heading“Risks and Uncertainties” in the Company’s Form 2A, available at www.sedar.com for a discussion of thefactors that could cause the Company’s actual results, performance andachievements to be materially different from any anticipated future results, performance, orachievements expressed or implied by the forward-lookinginformation. Accordingly, readers should not place unduereliance on forward-looking statements. TheCompany undertakes no obligation to update publicly or otherwiserevise any forward-looking statements, except as may be required bylaw.
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