19:48:01 EDT Thu 23 Apr 2026
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Sparc AI Inc
Symbol SPAI
Shares Issued 25,775,564
Close 2026-04-23 C$ 5.50
Market Cap C$ 141,765,602
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Sparc AI expands Ukraine drone software distribution

2026-04-23 16:23 ET - News Release

An anonymous director reports

SPARC AI EXPANDS UKRAINIAN DISTRIBUTION

Sparc AI Inc. has signed an agreement with a member of the Ukrainian National Guard whose responsibilities include drone pilot training across multiple platforms. This engagement further expands Sparc AI's distribution footprint in Ukraine and deepens the company's direct connection to front-line operators.

This engagement represents an additional distribution channel for the Overwatch platform in Ukraine, complementing Sparc AI's previously announced manufacturer partnerships.

Sparc AI's strategy in Ukraine is to build a broad, resilient distribution network by partnering with both drone manufacturers and groups holding direct relationships with defence end-users. The objective is to deploy Overwatch across as many drone platforms and geographic operating areas as possible, positioning the software as standard infrastructure across the entire drone ecosystem rather than being tied to any single airframe or region.

To accelerate this expansion, Sparc AI has transitioned its previously appointed local agent to a full-time role. The agent brings direct, established relationships across both the Ukrainian defence community and the country's drone manufacturing base, providing Sparc AI with immediate access to decision makers on both sides of the distribution equation. This approach combines the scale of an OEM (original equipment manufacturer) distribution model with the immediacy of a direct in-market presence creating multiple reinforcing channels for Overwatch adoption in the world's most operationally relevant electronic warfare environment.

All Overwatch deployments remain subject to applicable export control and defence trade compliance requirements. Sparc AI has engaged qualified legal counsel to ensure all engagement activities, integration work and technology transfers are conducted in full compliance with relevant laws.

The company has granted options to two consultants who are providing support with business development initiatives and introductions. The issuance of these options is separate from, and not related to, the news release. Specifically, Ron Shenton received 125,000 options with an exercise price of $6.65, expiring on April 23, 2027, and Bond Consulting Services Inc. was also granted 125,000 options under the same terms.

About Sparc AI Inc.

Sparc AI is a defence technology company solving one of the most critical challenges in modern autonomous systems: accurate navigation and targeting when GPS is unavailable. The company's artificial-intelligence-powered platform transforms the low-cost inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals or complex integration. Sparc AI's software-only approach makes GPS-denied capability for target acquisition and navigation accessible at the price point and scale that modern drone operations demand, from single platforms to fleets of thousands.

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