• Sparc Technologies plans to raise up to $2.5M through a Share Purchase Plan and Placement
• Funds will accelerate commercialization of ecosparc® following successful product releases
• The company targets multiple new commercial coatings with ecosparc® over the next 6-12 months
• Directors have agreed to subscribe for approximately $70K in the share placement

Sparc Technologies Limited has announced a capital raise initiative through a Share Purchase Plan (SPP) and Placement to raise up to $2.5M before costs. The funds will support the commercial rollout of ecosparc®, a graphene additive product that has already seen successful adoption by two international coatings manufacturers. The Company aims to leverage this momentum to expand its presence in the coatings industry and accelerate the commercialization of ecosparc®. Additionally, the capital will support Sparc Technologies' investment in Sparc Hydrogen, a joint venture focused on green hydrogen production technology. The SPP offers eligible shareholders the opportunity to purchase up to $30,000 worth of new shares at a discount, while the Placement involves issuing new shares to sophisticated and professional investors. The company's directors have committed to subscribing for approximately $70,000 worth of shares in the Placement, pending shareholder approval.

Sparc Technologies plans to raise up to $2.5M through the SPP and Placement.

The company aims to accelerate the commercial rollout of ecosparc® and expand its presence in the coatings industry.