14:12:57 EDT Fri 12 Jun 2026
Enter Symbol
or Name
USA
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Sparq Systems Inc
Symbol SPRQ
Shares Issued 116,735,112
Close 2026-06-11 C$ 1.25
Market Cap C$ 145,918,890
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Sparq Systems hires Sophic Capital as IR consultant

2026-06-12 11:37 ET - News Release

Dr. Praveen Jain reports

SPARQ ANNOUNCES ENGAGEMENT OF INVESTOR RELATIONS CONSULTANT

Sparq Systems Inc. has engaged Sophic Capital Inc. (the IR consultant) to provide capital markets advisory services to the company.

The initial term of the agreement with the IR consultant commences on June 12, 2026, and ends on June 12, 2027, unless terminated earlier. Under the terms of the investor relations agreement, the company has agreed to pay the IR consultant a monthly cash fee of $8,000 (plus applicable taxes). Upon termination of the investor relations agreement, the IR consultant shall have no claims against the company except for the monthly fee payable to the end of the term of the investor relations agreement.

In addition to the monthly fee, the company has agreed to issue to the IR consultant options to purchase up to 500,000 common shares in the capital of the company for a period of three years from the date of grant, pursuant to the terms of the company's omnibus equity incentive plan. The options shall vest and become exercisable as to 25 per cent on each of the three-, six-, nine- and 12-month anniversaries from the date of grant. The exercise price of the options is $1.25 per share. The options shall be governed by a stock option agreement to be entered into by the IR consultant and the company and by the terms of the plan.

The retention of the IR consultant on the terms set out in the investor relations agreement is subject to regulatory approval by TSX Venture Exchange.

About Sparq Systems Inc.

Sparq designs and manufactures next-generation PV microinverters that redefine performance, reliability, and cost for residential and commercial solar. Its proprietary Quad microinverter uniquely optimizes four PV modules with a single device -- dramatically simplifying system design and installation while delivering a lower total cost of ownership than conventional solutions. Built from the ground up for longevity, Sparq's inverters eliminate failure-prone electrolytic capacitors and use advanced artificial-intelligence-driven algorithms to ensure ultrahigh reliability. The result is a solar inverter platform engineered to last as long as the PV panels themselves -- maximizing energy yield, uptime and long-term value.

Sparq's head office is located at 945 Princess St., Kingston, Ont., K7L 0E9.

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