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SPARQ Begins Trading on OTCQX and Announces DTC Eligibility

Toronto, Ontario–(Newsfile Corp. – Aug. 4, 2022) – SPARQ Corp. (TSXV: SPRQ) (OTCQX: SPRQF) (the “Company“) is pleased to announce that effective August 4, 2022, the Company’s common stock began trading on the OTCQX® Best Market (“OTCQX“) under the symbol “SPRQF”. The common shares of the Company will continue to trade on the TSX Venture Exchange as a primary listing under the symbol “SPRQ”.

OTCQX offers value and convenience to US investors, brokers and institutions looking to trade SPRQF. OTCQX is OTC Markets Group’s premier marketplace for established, investor-focused US and international businesses. To be eligible, companies must meet high financial standards, follow corporate governance best practices, demonstrate compliance with U.S. securities laws, be current in disclosure, and have an introduction by a professional third-party sponsor.

In addition, the Company also announced that its common stock is now eligible for electronic clearing and settlement through The Depository Trust Company (“CPD“). American investors.

Praveen Jain, CEO of the company, said: “Getting listed on OTCQX and securing DTC eligibility is an important milestone for the company as we seek to grow our investor base. by increasing liquidity and raising awareness of SPARQ’s capital markets profile.

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 reducing the cost of solar power installations compared to existing offerings on the market.

SPARQ’s head office is located at 945 Princess Street, Kingston, Ontario, K7L 0E9.

Caution 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, those regarding the Company’s expected visibility and the convenience of trading on OTCQX, and all statements preceded, followed or containing the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “could”, “anticipate” , “estimate”, “expect”, “predict”, “project”, “seek”, “should” or similar expressions or their negative forms, are forward-looking statements. These statements are not historical facts but rather 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 anticipated in such forward-looking statements.

Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to, the risk factors discussed in the Company’s filing statement dated December 23, 2021. Management provides statements forward-looking information because it believes it provides useful information for investors in considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Accordingly, any forward-looking statements made in this press release are qualified by such cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that actual results or developments will be achieved or, even they are substantially achieved, that they will have the expected consequences or effects on the Company. These forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to update or revise them to reflect subsequent or other information, events or circumstances, 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 Corp.
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/132866

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