An anonymous director reports
SPARC AI INC. ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES
Sparc AI Inc. has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of its proprietary algorithm, ICP Premium in compliance with the Canadian Securities Exchange policies. ICP will be paid a monthly fee of $7,500, plus applicable taxes. The agreement between the company and ICP was signed with a start date of June 9, 2026, and is for four months and shall be automatically renewed for subsequent one-month terms (each month called an additional term) unless either party provides at least 30 days written notice prior to the end of the initial term or an additional term, as applicable. The agreement does not include performance-based compensation, stock options or any other securities-based compensation. ICP and its clients may acquire an interest in the securities of the company in the future. ICP is an arm's-length party to the company.
ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market making activities.
About Sparc AI Inc.
Sparc AI develops next-generation, GPS-free target acquisition, and intelligence software for defence drones and edge devices. Its zero-signature technology delivers real-time detection, tracking and behavioural insights without reliance on radar, lidar (light detection and ranging) or heavy sensors. Sparc AI's flagship platform, Overwatch, provides defence operators and commanders with unmatched situational awareness across the connected fleet. The company is committed to building a scalable software platform that defines the future of defence drone intelligence globally.
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