Sparq Announces Engagement of Investor Relations Consultant

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[{"type":"text","content":"Sparq Announces Engagement of Investor Relations ConsultantToronto, 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$10,000 (plus applicable taxes) (the \"Monthly Fee\"). Upon termination of the Investor Relations Agreement, the IR Consultant shall have no claims against the Company except for the Monthly Fee payable to the end of the term of the Investor Relations Agreement.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 25% on each of the three (3), six (6), nine (9) and twelve (12) month anniversaries from the date of grant. The exercise price of such Options shall be equal to the Market Price (as defined in policies of the TSX Venture Exchange) at the time of grant. The Options shall be governed by a stock option agreement to be entered into by the IR Consultant and the Company and by the terms of the Plan. 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 SPARQSparq 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 opt...

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