Board Change • Apr 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. Board Observer Richard Hubbard is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 07
Tablas Ventures Corp. Appoints Evan Young to the Board of Directors Tablas Ventures Corp. announced the appointment of Evan Young to the board of directors of the Company. Mr. Young holds degrees in mining engineering and finance and brings a broad skill set shaped by leading growth, strategy, and financing initiatives at exploration and mining companies. Tillkännagivande • Feb 06
Tablas Ventures Corp. announced that it has received CAD 0.10125 million in funding On February 5, 2025, Tablas Ventures Corp. closed the transaction. The company announced that it has issued 900,000 common shares of the company at a deemed price of CAD 0.1125 per share for gross proceeds of CAD 101,250. Following the financing and debt settlement, the company has 10,312,734 common shares issued and outstanding. Tillkännagivande • Feb 02
Tablas Ventures Corp., Annual General Meeting, Mar 31, 2026 Tablas Ventures Corp., Annual General Meeting, Mar 31, 2026. Tillkännagivande • Jan 27
Tablas Ventures Corp. announced that it expects to receive CAD 0.10125 million in funding Tablas Ventures Corp. announced a non-brokered private placement of 900,000 common shares of the company at a price per share of CAD 0.1125 for gross proceeds of CAD 101,250 on January 26, 2026. Securities issued under the financing will be subject to a statutory hold period of four months and one day from the date of issuance. The financing is subject to the approval of the TSX Venture Exchange. No finders' fees will be payable in connection with the financing. Tillkännagivande • Jul 13
Blok Sports, LLC completed the acquisition of iPowow USA Inc. and Operating Assets of Sparx Technology Inc. from Sparx Technology Inc. (TSXV:SPRX). Blok Sports, LLC entered into a letter of intent to acquire iPowow USA Inc. and Operating Assets of Sparx Technology Inc. from Sparx Technology Inc. (TSXV:SPRX) on January 7, 2024. As consideration for the Sale Transaction, Sparx is expected to receive approximately 14% of Blok outstanding common units on a post-transaction basis, which is subject to increase upon the satisfaction of certain revenue related criteria. The Sale Transaction is subject to a number of conditions, including: (i) completion of a $500,000 financing by Blok; (ii) the receipt by Sparx of an independent fairness opinion in respect of the aggregate consideration (including the debt assumptions) to be received by Sparx in the Sale Transaction; and (iii) all necessary regulatory, creditor and shareholders approvals.
As of March 26, 2024, Blok Sports, LLC entered into a definitive share purchase agreement to acquire iPowow USA Inc. and Operating Assets of Sparx Technology Inc. from Sparx Technology Inc. (TSXV:SPRX).
Cassels Brock & Blackwell LLP acted as legal advisor to Sparx Technology and Versailles Law Corporation acted as legal advisor to Blok Sports.
As on June 10, 2024 shareholders of the Sparx Technology approved the transaction.
Blok Sports, LLC completed the acquisition of iPowow USA Inc. and Operating Assets of Sparx Technology Inc. from Sparx Technology Inc. (TSXV:SPRX) on July 12, 2024. As a part of consideration Sparx received 721,587 common units of Blok (the “BlokUnits”), representing approximately 4.5% of the Blok Units issued and outstanding on a post-transactionbasis. In addition, Sparx is entitled to receive approximately 12% of up to an additional 3,200,000 Blok Units which may be issued by Blok, subject to iPowow achieving certain revenue milestones (the“Performance Payment Units”), from defined customers, over a period of 16 months following completion of the Sale Transaction. Tillkännagivande • Apr 03
Sparx Technology Inc., Annual General Meeting, May 17, 2024 Sparx Technology Inc., Annual General Meeting, May 17, 2024. Tillkännagivande • Apr 02
Sparx Technology Inc. Intends to Apply to the Exchange to Transfer Its Listing to the NEX Board Sparx Technology Inc. (“Sparx” or the “Company”) announced that, further to its news release dated January 8, 2024, it has entered into definitive share purchase agreement (the “SPA”) dated effective March26, 2024, with Blok Sports, LLC (“Blok”), a privately-held, third-party corporate entity headquartered in Los Angeles, California. Pursuant to the SPA, Sparx will sell all of the issued and outstanding shares of its U.S. operating subsidiary, iPowow USA Inc. (‘iPowow”), to Blok (the “Sale Transaction”). The Company and Blok are arm’s length parties. As part of the closing of the Sale Transaction, the Company intends to apply to the Exchange to have its listing transferred to the NEX Board, a separate trading board of the Exchange which provides a trading forum for companies that have fallen below the Exchange’s ongoing listing standards. Reported Earnings • Jun 02
Third quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.06 loss in 3Q 2022) Third quarter 2023 results: CA$0.005 loss per share (improved from CA$0.06 loss in 3Q 2022). Revenue: CA$123.8k (down 15% from 3Q 2022). Net loss: CA$379.7k (loss narrowed 88% from 3Q 2022). Board Change • Mar 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Drew Craig is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
Second quarter 2023 earnings released: CA$0.007 loss per share (vs CA$0.004 loss in 2Q 2022) Second quarter 2023 results: CA$0.007 loss per share (further deteriorated from CA$0.004 loss in 2Q 2022). Revenue: CA$168.8k (down 56% from 2Q 2022). Net loss: CA$501.2k (loss widened 71% from 2Q 2022). Tillkännagivande • Nov 26
Sparx Technology Inc., Annual General Meeting, Jan 05, 2023 Sparx Technology Inc., Annual General Meeting, Jan 05, 2023. Reported Earnings • Nov 26
First quarter 2023 earnings released: CA$0.009 loss per share (vs CA$0.005 loss in 1Q 2022) First quarter 2023 results: CA$0.009 loss per share (further deteriorated from CA$0.005 loss in 1Q 2022). Revenue: CA$223.0k (up 31% from 1Q 2022). Net loss: CA$622.5k (loss widened 137% from 1Q 2022). Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Chairman & Strategic Advisor Kirstine Stewart was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Full year 2022 earnings released: CA$0.078 loss per share (vs CA$0.073 loss in FY 2021) Full year 2022 results: CA$0.078 loss per share (further deteriorated from CA$0.073 loss in FY 2021). Revenue: CA$930.8k (up 33% from FY 2021). Net loss: CA$4.46m (loss widened 23% from FY 2021). Tillkännagivande • Jun 29
Sparx Technology Inc. Announces Resignation of Mark Binns from the Board of Directors Sparx Technology Inc. announced that Mr. Mark Binns has resigned from the Board of Directors of the Company so that he may focus his efforts on other professional duties. Tillkännagivande • Jun 17
Sparx Technology Inc. Announces Appointment of Chuck Bolkcom as Head of Global Sales Partnerships Sparx Technology Inc. announced the appointment of Chuck Bolkcom to the position of Head of Global Sales & Partnerships. Mr. Bolkcom brings over 30 years of sales experience primarily in technology, entertainment, media, and global brands. He has held numerous leadership positions and has developed sales strategies for both new and mature companies alike. Additionally, Mr. Bolkcom acted as a Managing Director of a large private publishing media outlet focusing on revenue generation through product development and innovation. Over his career, Mr. Bolkcom has serviced some of the worlds largest companies in the technology and consumer goods industries and has received multiple awards for his sales leadership, innovation, and growth. On Mr. Bolkcoms appointment, Kirstine Stewart, Director and Executive Chair of the Board, added the following, Chuck Bolkcom is an immediate asset to Sparx. His proven track record and years of experience will accelerate the Company's revenues as Sparx looks to build on an already impressive year. Reported Earnings • Jun 02
Third quarter 2022 earnings released Third quarter 2022 results: CA$0.06 loss per share. Revenue: CA$145.1k (flat on 3Q 2021). Net loss: CA$3.25m (flat on 3Q 2021). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Executive Chairman & Strategic Advisor Kirstine Stewart was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 21
Sparx Technology Inc. Announces Executive Changes Sparx Technology Inc. has announced the following changes to its Board of Directors and senior management. Kirstine Stewart has been appointed as a Director and Executive Chair of Sparx Technology Inc. Additionally, Kirstine will take on the role of Strategic Advisor. In the executive capacity Kirstine will be assisting the Sparx management team expand into new territories and revenue verticals. Kirstine is currently the Chief Revenue Officer for Pex, a company specializing in digital rights technology. Richard Hubbard has stepped down as a Director and will act as an Observer of the Board of Directors going forward. Richard Hubbard joined the Sparx Board of Directors in 2016. 