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An update from SciSparc Ltd. ( (SPRC) ) is now available.
On February 12, 2026, SciSparc Ltd. entered into a Securities Purchase Agreement with an institutional investor allowing the company to issue up to $10 million in convertible promissory notes, starting with an initial $2.5 million note sold at a 10% discount. Alongside each note, SciSparc issues matching three-year warrants equal to 100% warrant coverage for the maximum conversion shares, with the proceeds earmarked for working capital and general corporate purposes.
Beginning April 1, 2026, SciSparc may, at its discretion, request additional $2.5 million tranches every three months, up to the $10 million cap, without minimum draw requirements or operational restrictions. The notes bear 4% annual interest, are repayable over ten monthly installments starting 18 months after issuance, and are convertible into ordinary shares at a formula-based price with a floor, implying potential future equity dilution and expanded trading float once resale registration is effective.
More about SciSparc Ltd.
SciSparc Ltd. is an Israel-based company whose ordinary shares trade on the Nasdaq Capital Market. It operates as a foreign private issuer under U.S. securities laws and uses capital markets financing to support its working capital and general corporate purposes.
Average Trading Volume: 2,177,232
Technical Sentiment Signal: Sell
Current Market Cap: $2.88M
Find detailed analytics on SPRC stock on TipRanks’ Stock Analysis page.