Spetz Inc. Retracts and Clarifies Recent Partnership Announcement

Spetz Inc. has retracted a previous announcement concerning a strategic partnership with Sonic Labs. Initially released on May 14, the statement suggested a formal collaboration, which was premature. While discussions have occurred, no binding agreement has been made, and the partnership remains uncertain.

Sonic Labs had expressed its interest in participating in Spetz's current private placement financing. However, Spetz clarified that the financing has not yet concluded, and there is no guarantee it will close. Future updates will provide more information about the financing status.

The announcement reflects ongoing uncertainties in business operations and the inherent risks associated with forward-looking statements.