Sparq Announces Engagement of Investor Relations Consultant
Sparq Systems (OTCQB: SPRQF) has announced the engagement of John Welsh as their investor relations consultant. The initial agreement runs from June 26, 2025 to June 26, 2026, with automatic monthly renewals thereafter unless terminated.
The consultant will receive a monthly fee of CAD$10,000 and 50,000 stock options. The options will vest in 25% increments at 3, 6, 9, and 12 months from the grant date, with an exercise price set at market value. The agreement is subject to TSX Venture Exchange approval.
Sparq Systems (OTCQB: SPRQF) ha annunciato l'ingaggio di John Welsh come consulente per le relazioni con gli investitori. Il contratto iniziale è valido dal 26 giugno 2025 al 26 giugno 2026, con rinnovi mensili automatici successivi salvo disdetta.
Il consulente riceverà un compenso mensile di 10.000 CAD e 50.000 opzioni azionarie. Le opzioni matureranno in tranche del 25% a 3, 6, 9 e 12 mesi dalla data di assegnazione, con un prezzo di esercizio pari al valore di mercato. L'accordo è soggetto all'approvazione della TSX Venture Exchange.
Sparq Systems (OTCQB: SPRQF) ha anunciado la contratación de John Welsh como su consultor de relaciones con inversores. El acuerdo inicial abarca desde el 26 de junio de 2025 hasta el 26 de junio de 2026, con renovaciones mensuales automáticas posteriores salvo terminación.
El consultor recibirá una tarifa mensual de 10,000 CAD y 50,000 opciones sobre acciones. Las opciones se consolidarán en incrementos del 25% a los 3, 6, 9 y 12 meses desde la fecha de concesión, con un precio de ejercicio establecido al valor de mercado. El acuerdo está sujeto a la aprobación de TSX Venture Exchange.
Sparq Systems (OTCQB: SPRQF)는 투자자 관계 컨설턴트로 John Welsh를 선임했다고 발표했습니다. 초기 계약 기간은 2025년 6월 26일부터 2026년 6월 26일까지이며, 이후 별도 해지 시까지 매월 자동 갱신됩니다.
컨설턴트는 월 10,000 캐나다 달러의 수수료와 50,000 주식 옵션을 받게 됩니다. 옵션은 부여일로부터 3, 6, 9, 12개월에 각각 25%씩 베스팅되며, 행사 가격은 시장 가치로 책정됩니다. 이 계약은 TSX 벤처 거래소의 승인을 받는 조건입니다.
Sparq Systems (OTCQB : SPRQF) a annoncé la nomination de John Welsh en tant que consultant en relations investisseurs. Le contrat initial court du 26 juin 2025 au 26 juin 2026, avec des renouvellements mensuels automatiques par la suite sauf résiliation.
Le consultant percevra des honoraires mensuels de 10 000 CAD ainsi que 50 000 options d'achat d'actions. Les options seront acquises par tranches de 25 % à 3, 6, 9 et 12 mois à compter de la date d'attribution, avec un prix d'exercice fixé à la valeur du marché. L'accord est soumis à l'approbation de la TSX Venture Exchange.
Sparq Systems (OTCQB: SPRQF) hat die Beauftragung von John Welsh als Investor-Relations-Berater bekanntgegeben. Die Anfangsvereinbarung gilt vom 26. Juni 2025 bis 26. Juni 2026 und verlängert sich danach automatisch monatlich, sofern sie nicht gekündigt wird.
Der Berater erhält eine monatliche Vergütung von 10.000 CAD sowie 50.000 Aktienoptionen. Die Optionen werden in 25%-Schritten nach 3, 6, 9 und 12 Monaten ab Gewährungsdatum fällig, mit einem Ausübungspreis zum Marktwert. Die Vereinbarung unterliegt der Genehmigung der TSX Venture Exchange.
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Toronto, Ontario--(Newsfile Corp. - June 26, 2025) - Sparq Systems Inc. (TSXV: SPRQ) (OTCQB: SPRQF) (FSE: M26) ("Sparq" or the "Company") is pleased to announce that it has engaged John Welsh (the "IR Consultant") to provide investor relations services to the Company. The IR Consultant will, among other things, initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities.
The initial term of the agreement with the IR Consultant (the "Investor Relations Agreement") commences on June 26, 2025 and ends on June 26, 2026, unless terminated earlier. Upon the expiration of the initial term, the Investor Relations Agreement shall automatically be renewed on a monthly basis, unless terminated earlier. Under the terms of the Investor Relations Agreement, the Company has agreed to pay the IR Consultant a monthly cash fee of CAD
In addition to the Monthly Fee, the Company has agreed to issue to the IR Consultant options (the "Options") to purchase up to 50,000 common shares in the capital of the Company pursuant to the terms of the Company's Omnibus Equity Incentive Plan (the "Plan"). The Options shall vest and become exercisable as to
The retention of the IR Consultant on the terms set out in the Investor Relations Agreement is subject to regulatory approval by TSX Venture Exchange.
ABOUT SPARQ
Sparq designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. Sparq has developed a proprietary PV solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Sparq's head office is located at 945 Princess Street, Kingston, Ontario, K7L 0E9.
Cautionary Note
Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.
Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Sparq Systems Inc.
Dr. Praveen Jain
Chief Executive Officer
Email: pjain@sparqsys.com
Tel: 343.477.1158
64250697.4
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256955
FAQ
What are the terms of Sparq Systems' (SPRQF) new investor relations agreement?
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