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09:20:27 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Eyefi Group Technologies Inc
Symbol EGTI
Shares Issued 9,094,539
Close 2023-08-01 C$ 0.20
Market Cap C$ 1,818,908
Recent Sedar+ Documents

Eyefi Group completes restructuring

2023-08-03 20:21 ET - News Release

Subject: EYEFI COMPLETES MAJOR RESTRUCTURE PDF Document File: Attachment News Release Aug 4. 2023 EYEFI.pdf FEYEFI GROUP TECHNOLOGIES INC. NEWS RELEASE EYEFI COMPLETES MAJOR RESTRUCTURE AND LAYS THE FOUNDATION FOR GROWTH August 4, 2023 Toronto, Canada EYEfi Group Technologies Inc. (CSE: EGTI) (OTC: EGTTF) (Frankfurt: 5OV) ("EGTI" or the "Company") announced on June 30, 2023, the cancellation of 18,951,061 common shares of the Company ("Shares") along with a change in the executive officers, the resignation of Simon Langdon as CEO and director, the appointment of a new director and assignment of the Company's the Sparc Algorithms and Sparc Patents ("IP") have been assigned from the subsidiary, EYEFI, to EGTI. Effective August 4, 2023, the 18,951,061 Shares will be cancelled resulting in an issued share capital of 9,090,536 Shares. The Company will be proceeding with a name change to SPARCA AI INC. A news release will be issued in advance of the name change. For more information contact: Anoosh Manzoori, CEO EYEfi Group Technologies Inc. Email: anoosh@shape.capital Tel: 61.409 252 088 THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. NO SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. FORWARD LOOKING INFORMATION This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. The forward-looking statements are based on the reasonable assumptions, estimates, opinions and analyses of management made in light of its experience and perception of historical trends in the delivery of services through its Cloud, current conditions, expected future developments and other factors management of EYEfi believes are appropriate, relevant and reasonable in the circumstances at the date that such statements are made. All of these assumptions, estimates and opinions will necessarily be subject to change due to future events and other circumstances outside the control of EYEfi, including the effect of the Covid 19 virus. EYEfi has based the forward looking information on various material assumptions, including: despite the threat of the Covid 19 virus, EYEfi will sustain or increase profitability although on a slower projection then previously planned, and will be able to fund its operations with existing capital and projected revenue from its current agreements with its Channel Partners; EYEfi will be able to attract and retain key personnel in future if required; the general business, economic, financial market, regulatory and political conditions in which EYEfi operates will remain positive as its services can be provided in EYEfi's Cloud although deliver of its hardware may be affect by supply chain disruptions; that the general regulatory environment will not change in a manner adverse to the business of EYEfi; the tax treatment of EYEfi and its subsidiary will remain constant and EYEfi will not become subject to any material legal proceedings; the economy generally; competition, and anticipated and unanticipated costs. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors, assumptions and exclusions is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

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