SPARQ Comments on Recent Market Activity

Rhea-AI Summary

SPARQ Systems (TSXV: SPRQ) (OTCQB: SPRQF) has issued a statement in response to recent unusual market activity. The Company's management has confirmed, at the request of the Canadian Investment Regulatory Organization, that they are unaware of any material changes in their operations that could explain the recent increase in market activity.

Toronto, Ontario--(Newsfile Corp. - January 2, 2025) - SPARQ Systems Inc. (TSXV: SPRQ) (OTCQB: SPRQF) ("SPARQ" or the "Company") wishes to confirm at the request of the Canadian Investment Regulatory Organization that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235832

FAQ

What caused the recent stock price movement in SPARQ Systems (SPRQF)?

According to the company's statement, management is unaware of any material changes in operations that would explain the recent market activity.

Has SPARQ Systems (SPRQF) disclosed any operational changes causing the market activity?

No, SPARQ Systems has confirmed that there are no material changes in their operations that would account for the recent market activity.

Why did the Canadian Investment Regulatory Organization request clarification from SPARQ Systems (SPRQF)?

The regulatory body requested clarification regarding the recent increase in market activity, leading SPARQ to confirm no material operational changes.

What is the regulatory status of SPARQ Systems (SPRQF) trading activity as of January 2025?

As of January 2, 2025, SPARQ Systems has confirmed to regulators that there are no material changes in operations despite unusual market activity.