New Risk • Mar 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Revenue is less than US$1m (AU$1.2m revenue, or US$820k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$21.3m market cap, or US$14.9m). New Risk • Mar 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Revenue is less than US$1m (AU$1.1m revenue, or US$750k). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$24.8m market cap, or US$17.7m). Duyuru • Sep 22
Sparc Technologies Limited, Annual General Meeting, Oct 23, 2025 Sparc Technologies Limited, Annual General Meeting, Oct 23, 2025. Location: 51 rundle street, kent town, Australia New Risk • May 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.1m revenue, or US$722k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.0m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$17.1m market cap, or US$11.0m). New Risk • Apr 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.26m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$1.1m revenue, or US$674k). Market cap is less than US$10m (AU$15.3m market cap, or US$9.26m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.0m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Mar 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.8m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m (AU$1.3m revenue, or US$807k). Market cap is less than US$10m (AU$15.8m market cap, or US$9.87m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.0m net loss in 2 years). New Risk • Jan 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$1.4m revenue, or US$882k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$1.0m net loss in 3 years). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$29.7m market cap, or US$18.4m). New Risk • Nov 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (AU$1.4m revenue, or US$922k). Market cap is less than US$10m (AU$15.3m market cap, or US$9.94m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Apr 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (AU$1.2m revenue, or US$797k). Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$20.5m market cap, or US$13.4m). Duyuru • Apr 22
Sparc Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 2.25 million. Sparc Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 2.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,772,728
Price\Range: AUD 0.22
Discount Per Security: AUD 0.0132
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 454,545
Price\Range: AUD 0.22
Discount Per Security: AUD 0.0132
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Nov 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.6m free cash flow). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$947k revenue, or US$627k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$24.8m market cap, or US$16.4m). Duyuru • Sep 27
Sparc Technologies Limited, Annual General Meeting, Nov 28, 2023 Sparc Technologies Limited, Annual General Meeting, Nov 28, 2023, at 11:00 Cen. Australia Standard Time. Duyuru • Dec 03
Sparc Technologies Limited Provides Update on the Advancement of a Number of Significant Activities That Enable the Commercialisation of Sparc's Graphene Based Additive Products Sparc Technologies Limited provided an update on the advancement of a number of significant activities that enable the commercialisation of Sparc's graphene based additive products. Construction of a modular and scalable manufacturing facility, which has been fully expensed, for graphene based additive product is underway in Adelaide with commissioning expected in first quarter of current year 2023. This facility, employing proprietary know-how, will enable the production of commercial quantities of graphene based additives for the growing global coatings and composites markets. The commissioning of this production facility is a substantial vote of confidence in Sparc's ability to reach commercial agreements with the company's potential customers and an endorsement of the rigorous technical programs the Company has undertaken with numerous global tier 1 and 2 coatings companies. This significant step of being able to produce commercial quantities of graphene additive product will further support advanced technical and commercial collaboration discussions with global coatings customers. Importantly, the facility can readily accommodate large scale manufacturing to meet customer demand. In addition, the proprietary know-how and intellectual property supporting Sparc technology is being protected with provisional patent filings, the first of which is in the field of anti-corrosive coatings. A number of further patent filings will occur in early 2023. One of the key challenges the graphene industry has faced, is that of successfully incorporating graphene into targeted materials. Graphene tends to re-agglomerate and as such homogenous dispersion is vital if graphene is to impart its unique and varied attributes when incorporated into targeted materials. This challenge was recognised by Sparc and through a range of unique processes, Sparc has addressed this issue which will benefit companies involved in the production of both coatings and composite materials. Sparc has continued to develop considerable expertise in the characterisation, formulation, adoption, testing and manufacture of graphene based additive products; expertise that is increasingly recognised within industry. Sparc will be attending and delivering a technical paper at the AMPP Annual Conference + Expo which will be taking place in Denver, Colorado in March 2023. AMPP is the leading global source of knowledge, innovation, networking, and collaboration for the coatings and corrosion industry. A digital marketing campaign will commence in December in support of the company's attendance at this global conference. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Director Daniel Eddington is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Stephanie Moroz was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • Oct 05
Sparc Technologies Limited, Annual General Meeting, Nov 29, 2022 Sparc Technologies Limited, Annual General Meeting, Nov 29, 2022, at 11:00 Cen. Australia Standard Time. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Daniel Eddington is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • Mar 04
Sparc Technologies Appoints Stephanie Moroz as Non-Executive Director Sparc Technologies Limited announced the appointment of Ms Stephanie Moroz as a Non-Executive Director. Ms Moroz has over 25 years' experience and global industry expertise in hydrogen, batteries, nano-materials and combustion engines (petrol, diesel, biofuels, synthetic fuels). Following an international corporate career in automotive manufacturing, Ms Moroz led two materials technology companies through high growth periods, includingmulti-million dollar capital raises. Duyuru • Feb 02
Sparc Technologies Limited announced that it expects to receive funding from Fortescue Future Industries Pty Ltd, Flinders Partners Pty Ltd., Innovation and Commercial Partners Pty Ltd Sparc Technologies Limited announced that it will receive an equity round of funding on February 1, 2022. The transaction will include participation from Fortescue Future Industries Pty Ltd, Flinders Partners Pty Ltd. for 279,000 shares, Innovation and Commercial Partners Pty Ltd. for 2,721,000 shares. Board Change • Dec 22
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 Non-Executive Director Daniel Eddington is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
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. MD & CEO Mike Bartels was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 05
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. MD & CEO Mike Bartels was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
