Announcement • Jun 09
Sparc AI Inc. announced that it has received CAD 5.462202 million in funding On June 8, 2026. Sparc AI Inc. announced that it has closed the Final tranche of the transaction. Announcement • Jun 02
Sparc AI Inc. Announces Appointment of Don Hilton as Independent Non-Executive Director, Effective June 1, 2026 SPARC AI Inc. announced the appointment of Don Hilton as an Independent Non-Executive Director, effective June 1, 2026. Mr. Hilton brings decades of senior financial, commercial, governance and executive leadership experience across major operating businesses, family offices, and investment groups. His career includes senior executive roles with high-profile organizations including the Spotlight Group of Companies, Monsanto Australia, Ecogen Energy, Norwich Union Australia, Prudential-Bache Securities, and Coopers & Lybrand. A Chartered Accountant and experienced company director, Mr. Hilton has advised and led organizations across finance, governance, compliance, mergers and acquisitions, capital raising, restructuring, investment strategy and business growth. His appointment adds substantial financial discipline, commercial judgement and governance depth to SPARC AI at an important stage in the Company’s development that institutional investors and defense customers expect. Announcement • May 29
Sparc AI Inc. announced that it expects to receive CAD 5.462202 million in funding Sparc AI Inc. has announced non-brokered private placement offering units of 1,285,224 at the price of CAD 4.25 per unit for the gross proceeds of CAD 5,462,202 On May 28, 2026. Each warrant entitles the holder thereof to acquire one additional common share at an exercise price of CAD 5.25 per warrant for a period of 60 months from the date of issuance. The offering is subject to regulatory approvals, including approval from the Canadian Securities Exchange. The offering is scheduled to close on or about June 3, 2026 Announcement • May 15
Sparc AI Inc. Appoints Greg Daly as Chief Strategy & Mission Integration Officer Sparc AI Inc. announced that to lead execution of the Ukrainian expansion, SPARC AI has appointed Greg Daly to the role of Chief Strategy & Mission Integration Officer. Mr. Daly is responsible for hiring and training the in-country team, driving integration of Overwatch with Ukrainian drone manufacturers, and converting those integrations into recurring software sales. Mr. Daly previously served in the Australian Defence Force, with prior operational deployments to Ukraine. The combination of defence credibility, prior in-country experience, and direct commercial accountability for integration delivery is intended to compress the time between customer engagement and deployed integration. Announcement • May 07
Sparc AI Inc., Annual General Meeting, Jul 06, 2026 Sparc AI Inc., Annual General Meeting, Jul 06, 2026. Announcement • Apr 25
Sparc AI Inc. Announces Signal-Free Satellite-Independent Combat Solution SPARC AI Inc. announced its placement in an editorial published by AINewsWire, one of 75+ brands within the Dynamic Brand Portfolio@IBN, a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. Satellite positioning has long served as the invisible backbone of military operations, underpinning everything from guided munitions to autonomous drone navigation, but that confidence is now fracturing. Across active combat theatres, navigation signals are being systematically jammed, spoofed and degraded at scale, turning one of warfare’s most relied-upon tools into one of its most exploitable vulnerabilities. Drones lose orientation, missions fail mid-flight, and entire system architectures collapse in electronically hostile conditions, prompting defense establishments worldwide to urgently seek alternatives capable of signal-free, satellite-independent operation. Into that gap, SPARC AI Inc. has introduced its software-based Overwatch platform, which enables unmanned systems to navigate and acquire targets in GPS-denied environments without any hardware modifications, a faster-to-deploy, more scalable alternative to the hardware-intensive solutions that currently dominate the sector. SPARC AI’s AI-powered platform transforms the low-cost inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. SPARC AI’s software-only approach makes GPS-denied capability for target acquisition and navigation accessible at the price point and scale that modern drone operations demand, from single platforms to fleets of thousands. Announcement • Apr 23
Sparc Al Inc. Offers Software-Based Solution Designed for New Operational Reality SPARC AI Inc. announced its placement in an editorial published by AINewsWire, one of 75+ brands within the Dynamic Brand Portfolio @IBN, a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. For decades, GPS has operated as the invisible infrastructure underpinning modern warfare, enabling everything from precision-guided munitions to autonomous drone navigation. That assumption of reliability is now disappearing in real time. Across active conflict zones, satellite navigation signals are being jammed, spoofed and degraded at scale, turning one of the most trusted systems in defense into one of its most vulnerable. The consequences are immediate and measurable: Drones lose positioning, missions fail mid-operation and entire systems become ineffective in contested environments. Against this backdrop, SPARC AI Inc. has developed a software-based solution designed specifically for this new operational reality. The company’s Overwatch platform enables drones to navigate and identify targets in GPS-denied environments, without requiring any hardware modifications. In a market dominated by complex, hardware-dependent systems, SPARC AI’s approach offers a scalable, rapidly deployable alternative built for the conditions defining modern conflict. Announcement • Mar 26
Sparc Al Inc. announced that it has received CAD 2.4 million in funding On March 25, 2025. Sparc Al Inc. announces that it has closed the transaction. Announcement • Mar 13
Sparc Al Inc announced that it expects to receive CAD 2.199999 million in funding Sparc Al Inc announced a non-brokered private placement of up to 1,571,428 units at a price of CAD 1.40 per unit for gross proceeds of up to CAD 2,199,999.20 on March 12, 2026. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 1.80 at any time on or before the date which is twenty-four months after the closing date of the offering. In connection with closing of the Offering, the Company may pay finders’ fees to eligible third-parties who have assisted with introducing subscribers to the Offering. Closing of the Offering remains subject to applicable regulatory approvals. The transaction will include participation from Anoosh Manzoori. Announcement • Mar 10
SPARC AI Inc Announces Deployment of Overwatch Platform to Ukraine SPARC AI Inc. had successfully established the operational environment for its Overwatch platform for the Ukraine market and expects to deliver the platform this week as part of the Operational Field Testing announced in February 2026. The testing represents a critical validation milestone for Overwatch, subjecting the platform's GPS-denied navigation and target acquisition capabilities to the most demanding real-world conditions available. The operational environment selected for the field test is characterised by persistent GPS jamming and degraded signal conditions, precisely the scenario Overwatch is designed to address. In conjunction with the deployment of the platform to Ukraine, SPARC AI has implemented a significant enhancement to its data flywheel architecture that trains its AL and machine learning models. Overwatch now enables real-world operational training data generated during deployments to be fed directly into its sensor fusion machine learning models, continuously optimizing targeting and geo-location accuracy over time. Unlike hardware-based navigation systems that deliver fixed performance from the point of manufacture, Overwatch becomes more accurate with every deployment. As the platform accumulates operational data across diverse environments, terrain types, and threat conditions, its ML models refine their sensor fusion algorithms — creating a compounding accuracy advantage that widens with scale. This flywheel effect represents a structural competitive advantage that competitors cannot replicate through hardware investment alone. As part of the Ukraine deployment, SPARC AI will make its data flywheel architecture available to operators using Ukraine custom developed drone platforms, enabling them to contribute training data from their specific airframes directly into Overwatch's ML models. Announcement • Mar 03
SPARC AI Appoints Matt McCrann as U.S. CEO SPARC AI Inc. announced the appointment of Matt McCrann as Chief Executive Officer of its U.S. subsidiary. McCrann will lead SPARC AI’s North American expansion, establishing the Company’s operational presence and deepening engagement with U.S. defense, federal, and allied government customers. The appointment advances SPARC AI’s strategy to scale in the world’s largest defense market amid growing demand for resilient navigation and targeting capability in contested environments. McCrann brings extensive experience building defense technology operations in the United States. He previously served as Chief Executive Officer of DroneShield’s U.S. subsidiary, where he established and expanded U.S. operations during a period of significant revenue growth and scaling across federal customers. As U.S. CEO, McCrann will focus on converting SPARC AI’s geolocation intelligence technology into deployable capability. His mandate includes building the U.S. team and operating infrastructure; advancing field evaluations and pilot programs; aligning with active procurement pathways; and forming strategic partnerships with defense primes and system integrators to support adoption of the Overwatch platform across air, land, and maritime domains. Announcement • Feb 25
Sparc AI Inc. Launches Universal GPS-Denied Navigation Layer for the Global Drone Industry SPARC AI Inc. announced a major upgrade to Overwatch, its GPS-denied navigation product. Operators can now take Overwatch-corrected waypoints, position fixes, and mission plans and export them directly into the flight software they already use dramatically expanding where Overwatch can be deployed across commercial and defence fleets. This release positions Overwatch as a hardware-agnostic GPS-denied navigation "drift fix" that can be adopted across virtually any commercial or defence drone in service today, regardless of manufacturer, flight controller, or ground control software. Drone manufacturers in GPS-contested regions can quickly integrate and add navigation-grade accuracy to everyframe in their lineup without a single hardware change. With Overwatch, operators can plan a mission, apply AI-driven sensor correction to every waypoint, and export the corrected mission to their existing flight ecosystem with no integration program. That means the same workflow now scales from a single-drone commercial pilot to a defence organization operating mixed fleets of hundreds of aircraft without platform-by-platform redevelopment. 15 Platforms. One Correction Engine. Overwatch's universal export supports the full spectrum of drone ecosystems currently used in real-world operations. Supported formats include: Drone flight control systems: ArduPilot, PX4, MAVLink; Ground control stations: QGroundControl (QGC), Litchi, UgCS; Drone OEMs: DJI, Autel, Parrot; Robotics & development: ROS (Robot Operating System); Survey & mapping: Pix4D; Cross-platform formats: KML, GeoJSON, XML, CSV. The breadth of support is strategically significant. Modern drone operations especially in defence, security, and industrial settings are increasingly multi-vendor and multi-software by default. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Announcement • Feb 13
SPARC AI Inc. Enhances Overwatch with AI Telemetry Optimization to Reduce Drift and Improve Mission Reliability SPARC AI Inc. announced an upgraded release of SPARC AI Overwatch, enabling drones to continuously optimize the performance of their telemetry data using machine learning and AI models. Over time, Overwatch learns the behavior of each drone's telemetry stream and applies correction to reduce targeting and navigation drift, improving accuracy, reliability and repeatability without requiring new hardware. SPARC AI Overwatch acts as the intelligence layer between commodity drone sensors and mission outcomes. Through a short calibration flight and ongoing operational learning, Overwatch identifies drone-specific bias patterns and corrects drift during real-world use, helping standardize performance across platforms, environments, and hardware variations. SPARC AI Overwatch strengthens with use. For example, the U.S. War Department's Drone Dominance initiative emphasizes accelerating procurement and fielding of large volumes of inexpensive drones. In that context, SPARC AI's approach addresses a central bottleneck by improving navigation and targeting performance through software, without adding hardware that increases unit cost, battery draw, payload weight, or integration complexity helping preserve range, flight time, and fleet economics while improving operational consistency. SPARC AI has now incorporated its U.S. subsidiary and commenced recruitment for key roles, expanding its on-the-ground presence to accelerate customer engagements, deepen strategic partnerships, and scale deployment and support across North America. Announcement • Jan 27
SPARC AI Inc. Prepares for U.S. Defense Launch with Tactical Phone Deployment SPARC AI Inc. announced the completion and launch of its fully offline GPS-denied navigation and laser-free target acquisition application on a defense made Tactical Edition smartphone. Built for contested environments, SPARC AI maintains operational navigation and reporting when GPS is denied, degraded, or spoofed, and enables camera-based target location generation without requiring a laser range finder or external equipment. Samsung's Tactical Edition is built for military use and is typically procured through government and enterprise channels rather than public retail. SPARC AI installed its application on the Tactical Edition device supplied via its reseller, Precision Technical Defence, providing an on-device software layer that maintains navigation continuity and enables targeting workflows while operating fully offline. Announcement • Jan 14
SPARC AI Inc. Announces Chief Financial Officer Changes, Effective January 13, 2026 SPARC AI Inc. announced the appointment of Ms. Kartika Saran, CPA, CA, as the Company’s new Chief Financial Officer, effective immediately. Ms. Kartika Saran brings nearly 20 years of experience in financial leadership, capital markets, and strategic finance. Ms. Saran is currently an audit partner at SHIM & Associates LLP, Chartered Professional Accountants, providing accounting and audit services to publicly traded companies. The Company also announced that Mr. John Dinan has stepped down from the role of Chief Financial Officer, effective January 13, 2026. Announcement • Dec 18
Sparc Al Inc announced that it has received CAD 1.0027 million in funding On December 16, 2025, the company has closed the transaction. The company has issued 1,432,429 Units at a price of CAD 0.70 per Unit, for gross proceeds of up to CAD 1,002,700. The company has paid a finder's fee of CAD 26,880 and 61,257 finders’ warrants and 22,857 common shares were issued to certain arms-length finders, in connection with closing of the Offering. The finders’ warrants are exercisable on the same terms as the warrants issued to subscribers in the Offering. Announcement • Dec 04
SPARC AI Inc. Enables Pixel-Level Geolocation from Any Image SPARC AI Inc. has completed development of its pixel-level target acquisition system, a capability in its Overwatch platform that allows users to calculate the latitude/longitude and military MGRS coordinates of any pixel in a still image. Within the Image Targeting module, selecting any point on the image triggers real-time calculations of both distance and precise geolocation, not only of the drone's position and capture point, but of any pixel in the image, including objects located far in the distance. These calculations are enabled by SPARC AI's reverse geolocation lookup technology, a secured component of the company's patent portfolio, which determines the coordinates of any point within the image frame. Testing further demonstrated that object height can be calculated from a single image using the same underlying algorithms. In one scenario, the system measured a building at 13.62 meters in height located 318 meters from a drone operating at 60 meters above ground level. There are various implications of image-only workflows in remote or signal-denied environments. Field personnel could capture and transmit standard photographs, enabling mission control or analysts to identify both the operator's position and the location coordinates of observed objects. This process effectively converts ordinary images into spatially referenced data without requiring additional hardware. This development mark progress toward the company's goal of enabling any operator or device to geolocate, navigate, and operate without reliance on GPS, lidar, radar, or external sensors. Announcement • Nov 21
Sparc Al Inc announced that it expects to receive CAD 1 million in funding Sparc Al Inc announced a non-brokered private placement of up to 1,428,571 units, at a price of CAD 0.70 per Unit, for gross proceeds of up to CAD 999,999.7 on November 21, 2025. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.90 at any time on or before that date which is twelve months after the closing date of the Offering. If the closing price of the common shares of the Company on the Canadian Securities Exchange exceeds CAD 1.30 for a period of ten consecutive trading days, the Company may elect to accelerate the expiry date of the Warrants. Announcement • Oct 08
Sparc Al Inc announced that it has received CAD 0.330325 million in funding On October 6, 2025, Sparc Al Inc closed the transaction. The company issued 1,572,976 units at an issue price of CAD 0.21 per unit for gross proceeds of CAD 330,324.96. The company has paid CAD 18,426 as finder's fees and issued 125,838 finders’ warrants. The company received net proceeds of CAD 311,898.96. The finders’ warrants are exercisable on the same terms as the warrants issued to subscribers in the offering. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.28 at any time on or before September 26, 2028. A total 1,048,651 units in the offering were issued to purchasers pursuant to the listed issuer financing exemption and 524,325 units issued to purchasers resident in all eligible jurisdictions pursuant to the accredited investor exemption. The securities offered under the listed issuer financing exemption are not subject to a hold period in accordance with applicable Canadian securities laws. The securities offered under the accredited investor exemption are subject to a hold period until January 27, 2026. Announcement • Sep 16
Sparc Al Inc announced that it expects to receive CAD 0.3 million in funding Sparc Al Inc announced a non-brokered private placement to issue 1,428,570 units at an issue price of CAD 0.21 per unit for gross proceeds of CAD 299,999.7 on September 16, 2025. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.28 at any time on or before that date which is thirty-six months after the closing date of the offering. 952,380 units in the offering will be made available to purchasers resident in Canada except Quebec under listed issuer financing exemption and 476,190 units made available to purchasers resident in all eligible jurisdictions pursuant to the accredited investor exemption. The securities offered under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The securities offered under the accredited investor exemption will be subject to a hold period of four-months and one day after the closing date of the offering. The company will pay finders’ fees to eligible parties who have assisted in introducing subscribers to the offering. Closing of the offering remains subject to applicable regulatory approvals. Announcement • Jul 29
Sparc Al Inc announced that it has received CAD 0.2 million in funding On July 28, 2025, the Sparc Al Inc closed the transaction by issuing 1,333,334 units at an issue price of CAD 0.15 for the proceeds of CAD 200,000 and net proceeds of CAD 192,000 after deducting issuance expense. CEO Anoosh Manzoori invested CAD 100,000 by subscribing to 666,667 unit. The remaining subscriptions were taken up by a mix of existing shareholders and new supporters of the company. All Securities issued under the Offering are subject to a four-month and one day statutory hold period expiring on December 2, 2025. A cash finder’s fee of CAD 8,000 will be paid and 53,333 broker Warrants will be issued to Haywood Securities Inc. Announcement • Jul 23
Sparc Al Inc announced that it expects to receive CAD 0.15 million in funding SPARC AI INC. announced a non-brokered private placement offering of 1,000,000 units at CAD 0.15 per unit, raising gross proceeds of $150,000 on July 22, 2025. Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable at CAD 0.15 for a period of 24 months from the date of issuance. All securities issued under this offering will be subject to a statutory hold period of four months and one day from the issuance date. Notably, the transaction will include Anoosh Manzoori, is planning to subscribe to the placement shares. Announcement • Apr 15
Sparc Al Inc, Annual General Meeting, Jun 13, 2025 Sparc Al Inc, Annual General Meeting, Jun 13, 2025. Announcement • Sep 24
Sparc Al Inc, Annual General Meeting, Nov 20, 2024 Sparc Al Inc, Annual General Meeting, Nov 20, 2024. Board Change • Aug 16
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 2 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Member of Advisory Board Jeff Sharp is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Jun 08
SPARC AI Inc. to Develop a New Asset Tracking Device SPARC AI INC. announced it is developing a new asset tracking device for monitoring high valued assets. The small device will house the SPARC AI microchip and provide geospatial awareness and location tracking without GPS, Bluetooth or camera. The device to be designed with intermittent recording of location to run on low power and remain covert. The SPARC AI data recordings could be shared on scheduled time frames via private, public and military communication networks. The data could also be sent to SPARC AI enabled drones to form a ground to air geospatial network. Management is also planning a series of water test to see if SPARC AI works in the ocean without GPS or sonar. Existing consumer and commercial geotagging technologies are limited to GPS and Bluetooth. The SPARC AI enabled geotagging device could track any asset it is attached to including potentially defence inventory and machinery. The Company has completed extensive ground level testing that has provided confidence to management to peruse a suite of innovative geospatial products for commercial and military applications. SPARC AI has also been successfully integrated onto two different microchip brands. The Company has started reviewing partners to fast track the development of the asset tracking device with appropriate Ingress Protection rating to work underwater and in dusty conditions. Announcement • May 12
Sparc Al Inc Successfully Completes Simulation Test At 50 Km (31 Miles) Above Sea Level SPARC AI INC. announced that it has successfully completed a simulation test at 50 km (31 miles) above sea level. The Company has created an elevation override function to run the SPARC AI algorithms at extreme altitudes. The test was conducted at altitude inputs of 10,000 feet to 164,000 feet (50km). All tests were successful in recording the correct geo coordinates and distance to point of interest. At 164,000 feet above sea level the SPARC AI algorithms successfully recorded the geolocation of an area that is 39.38km away. Commercial airlines travel between 30,000 to 40,000 feet. SPARC AI algorithms have demonstrated the capability to calculate geolocation and distance from the Stratosphere. The integration of the SPARC AI algorithms and proprietary code onto the microchip is well advanced. The Company expects the integration to be completed in a couple of weeks. Following testing will install the microchip onto a drone. Further updates to be provided as get closer to first test flight on a drone. SPARC AI has developed and patented the Spatial Predictive Approximation and Radial Convolution. This includes proprietary algorithms that uses proven mathematics to calculate the location of distant objects without using Satellite, GPS or the Internet. SPARC AI is developing a range of geospatial products using its core IP and is also integrating these into a microchip to allow customers to activate SPARC AI on any of their camera device, including drones. Announcement • Dec 07
Sparc Al Inc announced that it has received CAD 0.373719 million in funding On December 5, 2023, Sparc Al Inc closed the transaction. Announcement • Dec 05
Sparc Al Inc announced that it expects to receive CAD 0.373719 million in funding Sparc Al Inc announces non-brokered private placement of 3,397,449 shares for an issue price of CAD 0.11 resulting gross proceeds of CAD 373,719.39 on December 4, 2023. The transaction is expected to close on December 8, 2023. All securities issued pursuant to the private placement will be subject to a hold period of four-months and one day from the date of issuance under applicable securities laws, April 11, 2024. The private placement was oversubscribed with strong demand from accredited investors. The transaction included participation from directors of the company where Anoosh Manzoori subscribed to 1,000,000 shares, Justin Hanka subscribed to 72,727 shares and Anthony Haberfield subscribed to 409,000 shares. Announcement • Oct 25
Sparc Al Inc announced that it expects to receive CAD 0.25 million in funding Sparc Al Inc announced a private placement of up to 2,222,222 shares at a price of CAD 0.1125 per share for gross proceeds of up to CAD 249,999.975 on October 23, 2023. All securities issued in connection with the transaction will be subject to a hold period of four months and a day from closing of the transaction. No finder’s fees and commissions are payable for this transaction. Announcement • Sep 30
Sparc Al Inc, Annual General Meeting, Nov 30, 2023 Sparc Al Inc, Annual General Meeting, Nov 30, 2023. Board Change • Feb 06
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Simon Langdon is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. 