SPARQ Systems Secures $12.4 Million in Financing

SPARQ Corp (TSE:SPRQ) has released an update.

SPARQ Systems Inc. has successfully completed the second tranche of its brokered private placement, raising a total of $12.4 million, with the second tranche contributing $7.58 million through the issuance of common shares. The funds are earmarked for working capital and general corporate purposes, signaling strong investor support and bolstering the company’s financial footing to achieve its commercial goals. The offering also generated agent commissions and share purchase warrants as part of the transaction terms.

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