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EYEFI Group Technologies Inc ( (TSE:SPAI) ) just unveiled an update.
SPARC AI Inc. has announced an increase in its non-brokered private placement by 10% due to investor interest, raising gross proceeds of up to $330,000. The funds will be used to advance the development of its Target Acquisition System, focusing on defense applications and marketing efforts. The offering is subject to regulatory approvals, with units available to Canadian and international investors under specific exemptions, and finders’ fees will be paid to eligible parties.
More about EYEFI Group Technologies Inc
SPARC AI Inc. designs and develops high-tech solutions for GPS-denied environments, focusing on enhancing perception and awareness. The company has created 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.
Average Trading Volume: 32,932
Technical Sentiment Signal: Buy
Current Market Cap: C$4.44M
For a thorough assessment of SPAI stock, go to TipRanks’ Stock Analysis page.