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EYEFI Group Technologies Inc ( (TSE:SPAI) ) has shared an announcement.
SPARC AI Inc. has successfully closed a non-brokered private placement offering, raising $301,000 in gross proceeds. The funds will be allocated to sales, marketing activities, and general working capital. The offering saw significant participation from company directors, who took 69% of the allocation. The issuance of units, consisting of common shares and purchase warrants, reflects the company’s strategic move to bolster its financial resources, potentially enhancing its market position within the tech industry through improved sales and marketing efforts.
More about EYEFI Group Technologies Inc
SPARC AI designs and develops high-tech solutions for GPS-denied environments, focusing on enhancing perception and awareness. The company offers an innovative Target Acquisition System and Autonomous Flight solution for drones that do not require GPS, satellite, lidar, radar, image recognition, or other complex hardware or software solutions.
YTD Price Performance: -19.23%
Average Trading Volume: 11,171
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.74M
For an in-depth examination of SPAI stock, go to TipRanks’ Stock Analysis page.
