SciSparc Amends $10 Million Note Deal, Issues $2 Million Initial Convertible Note

SciSparc Ltd. ( (SPRC) ) has shared an announcement.

On February 12, 2026, SciSparc Ltd. entered into a side letter with institutional investor L.I.A. Pure Capital Ltd. to amend a previously signed Securities Purchase Agreement for up to $10 million of convertible promissory notes. The change gave SciSparc discretion to set the principal of the initial note up to $2.5 million and fixed the purchase price at 90% of that amount, under which SciSparc issued a $2 million initial note for $1.8 million.

The side letter also allows SciSparc, at its election, to offset fees owed under an existing consulting agreement with the investor against the cash purchase price of current or future notes. In addition, the investor’s obligation to fund the initial note is conditioned on SciSparc filing a resale registration statement with the SEC, tying access to this financing to the company’s ability to register conversion and warrant shares for secondary market trading.

More about SciSparc Ltd.

SciSparc Ltd., based in Tel Aviv, is an Israeli company that accesses U.S. capital markets as a foreign private issuer, listing its ordinary shares for trading and using SEC-registered securities to fund its operations. The company utilizes shelf registration statements and structured financings, including convertible notes and warrants, to raise growth capital from institutional investors.

Average Trading Volume: 2,143,872

Technical Sentiment Signal: Sell

Current Market Cap: $2.59M

For detailed information about SPRC stock, go to TipRanks’ Stock Analysis page.