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The latest update is out from EYEFI Group Technologies Inc ( (TSE:SPAI) ).
SPARC AI Inc. has announced an oversubscribed non-brokered private placement offering, aiming to raise $301,000 through the sale of 1,505,000 units at $0.20 each. The proceeds will be directed towards sales, marketing, and general working capital. This strategic move underscores the confidence investors have in SPARC AI’s technological advancements and positions the company to expand its market presence and operational capabilities.
More about EYEFI Group Technologies Inc
SPARC AI designs and develops advanced technology solutions for GPS-denied environments, enhancing perception and awareness. The company has created an innovative Target Acquisition System and Autonomous Flight solution for drones that operate without GPS, satellite, lidar, radar, image recognition, or other complex hardware or software.
YTD Price Performance: -11.54%
Average Trading Volume: 11,187
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$3M
For an in-depth examination of SPAI stock, go to TipRanks’ Stock Analysis page.
