SPARC AI Announces Results of Annual General and Special Meeting

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SPARC AI (CSE: SPAI, OTCQB: SPAIF) reported the results of its annual general and special meeting held on August 24, 2026. Shareholders elected Anoosh Manzoori, Anthony Haberfield and Donald William Hilton as directors for the coming year and fixed the board at three members.

According to the company, shareholders also re-appointed DMCL LLP as auditor and authorized directors to set audit remuneration, re-approved the existing 10% rolling stock option plan, and approved a new 10% rolling restricted share unit plan. SPARC AI develops Overwatch, a defense navigation platform for GNSS-denied environments.

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VANCOUVER, British Columbia, Aug. 24, 2026 (GLOBE NEWSWIRE) -- SPARC AI Inc. (CSE: SPAI; OTCQB: SPAIF; Frankfurt: 5OV0) (“SPARC AI” or the “Company”) is pleased to announce the results of its annual general and special meeting of shareholders held on August 24, 2026 (the “Meeting”).

At the Meeting, shareholders elected Anoosh Manzoori, Anthony Haberfield and Donald William Hilton as directors of the Company for the ensuing year.

All other matters submitted to shareholders for approval, as set out in the Company’s notice of meeting and management information circular dated July 17, 2026, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca, were approved by the requisite majority of votes cast at the Meeting, including (i) fixing the number of directors at three, (ii) appointing DMCL LLP as auditor and authorizing the directors to fix the auditor’s remuneration, (iii) re-approving the Company’s existing 10% rolling stock option plan and (iv) approving the adoption of the Company’s new 10% rolling restricted share unit plan.

About SPARC AI Inc.

SPARC AI is a defense technology company solving navigation in GNSS-denied environments. Its flagship product, Overwatch, is a platform that ingests telemetry from drones and other moving platforms and returns absolute latitude and longitude — no onboard software, no edge hardware, and no reliance on GPS. Delivered as a stateless service, Overwatch gives commercial and defense operators dependable positioning wherever satellite signals are jammed, spoofed, or unavailable.

For further information contact:

SPARC AI Inc.

E-mail: investors@sparcai.net

Web: www.sparcai.co

Tel: (213) 459-3994

FAQ

What did SPARC AI (OTCQB: SPAIF) announce from its August 24, 2026 shareholder meeting?

SPARC AI announced that all matters at its August 24, 2026 annual general and special meeting were approved. According to SPARC AI, shareholders elected three directors, confirmed DMCL LLP as auditor, and approved both its 10% rolling stock option plan and a new 10% rolling RSU plan.

Who was elected to the SPARC AI (SPAIF) board of directors for the ensuing year?

SPARC AI shareholders elected Anoosh Manzoori, Anthony Haberfield and Donald William Hilton as directors for the ensuing year. According to SPARC AI, shareholders also approved fixing the number of directors at three, confirming this board size along with the individuals who will serve.

What equity incentive plans did SPARC AI (SPAIF) shareholders approve in August 2026?

SPARC AI shareholders re-approved the existing 10% rolling stock option plan and approved a new 10% rolling restricted share unit plan. According to SPARC AI, both plans are subject to a 10% rolling limit, aligning director and employee incentives with shareholder interests through equity-based compensation.

Which auditor did SPARC AI (OTCQB: SPAIF) appoint at its 2026 annual meeting?

SPARC AI shareholders appointed DMCL LLP as the company’s auditor at the August 24, 2026 meeting. According to SPARC AI, shareholders also authorized the board of directors to fix the auditor’s remuneration, maintaining continuity in the company’s external financial auditing arrangements.

What does SPARC AI’s Overwatch platform do in GNSS-denied environments?

Overwatch is SPARC AI’s flagship navigation platform designed for GNSS-denied environments. According to SPARC AI, it ingests telemetry from drones and other moving platforms and returns absolute latitude and longitude without onboard software, edge hardware, or GPS, supporting commercial and defense operators where satellite signals are jammed or unavailable.

How does SPARC AI (SPAIF) deliver its Overwatch navigation service?

SPARC AI delivers Overwatch as a stateless service rather than onboard hardware or software. According to SPARC AI, this service-based model provides dependable positioning to commercial and defense operators using drones and moving platforms in areas where satellite signals may be jammed, spoofed, or unavailable.