Sparc Technologies Raises A$2.5M to Accelerate ecosparc Commercialisation

Capital Raise to Boost ecosparc Commercial Rollout

Sparc Technologies (ASX:SPN) has kicked off a capital raise aiming to secure up to A$2.5 million before costs through a Share Purchase Plan (SPP) and a placement to sophisticated investors. The funds will fuel the commercialisation of its graphene additive ecosparc®, which has recently seen its first commercial sales with two international coatings manufacturers, including global giant AkzoNobel, launching ecosparc®-enhanced products since May 2026.

The SPP, open to eligible Australian and New Zealand shareholders, offers shares at 17.5 cents each, a 16.7% discount to the last traded price of 21 cents, allowing applications up to A$30,000 per shareholder. The plan targets A$1.75 million but is not underwritten, meaning the final amount may vary. Meanwhile, the placement will raise A$750,000 at the same price, with Sparc’s directors committing to subscribe for approximately A$70,000 worth of shares, pending shareholder approval.

Expanding ecosparc’s Footprint with Multiple Partners

With ecosparc® now commercially validated through product launches by AkzoNobel and another coatings manufacturer, Sparc is leveraging more than 20 active testing programs with industry leaders. The company is targeting multiple new commercial coatings containing ecosparc® over the next 6 to 12 months, signalling a clear push to establish itself as a leading graphene additive supplier in the coatings sector.

Managing Director Nick O’Loughlin emphasised the strategic importance of the capital raise, stating it will accelerate the commercial rollout during FY27 and support new product development. The initiative builds on Sparc’s recent traction in the coatings market, where ecosparc® has demonstrated significant performance improvements at low dosages in epoxy-based protective coatings.

Supporting Green Hydrogen Ambitions alongside Commercial Growth

Beyond ecosparc®, the funds will also bolster Sparc Technologies' investment in its green hydrogen joint venture, Sparc Hydrogen, which is progressing technology validation and commercial scale-up. Sparc Hydrogen’s innovative photocatalytic water splitting technology aims to produce green hydrogen using sunlight and water, potentially offering cost and flexibility advantages over traditional electrolysis methods.

This dual focus on advanced materials and clean energy technologies reflects Sparc’s broader strategy to enhance environmental outcomes across global industries. The capital raise comes after a period of steady progress, including continuous operation of its green hydrogen pilot and new product launches targeting sizeable markets such as electrostatic coatings.

Key Dates and Shareholder Considerations

The placement’s first tranche is expected to settle on 27 August 2026, with shares commencing trading the following day. The SPP opens on 28 August and closes on 24 September, with results announced on 1 October. The second tranche of the placement, involving director shares, awaits shareholder approval at the upcoming annual general meeting.

Shares issued under both the SPP and placement will rank equally with existing shares from their respective issue dates, maintaining shareholder parity. While the SPP is non-underwritten, Sparc reserves discretion to accept oversubscriptions or place any shortfall, providing flexibility in capital raising outcomes.