SPARC AI Inc. Announces Closing of First Tranche of Brokered LIFE Financing for $4.34 Million from an Institutional Investor

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR  FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 03, 2026 (GLOBE NEWSWIRE) -- SPARC AI Inc. (the “Company”) (CSE: SPAI) (FRANKFURT: 5OV0) is pleased to announce that it has completed the first tranche of its previously announced brokered private placement for gross proceeds of $4,340,002.25 (the “Offering”), consisting of the issuance of 1,021,177 units of the Company (“Units”) at a price of $4.25 per Unit. The Offering was conducted on a commercially reasonable “best efforts” basis by A.G.P.