SciSparc Ltd. Amends Bridge Loan Agreement
Ticker: SPRC · Form: 6-K · Filed: Jun 14, 2024 · CIK: 1611746
| Field | Detail |
|---|---|
| Company | Scisparc Ltd. (SPRC) |
| Form Type | 6-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, amendment
TL;DR
SciSparc amended its loan with AutoMax Motors on June 9th. Details TBD.
AI Summary
On June 9, 2024, SciSparc Ltd. amended its bridge loan agreement originally announced on January 19, 2024, with AutoMax Motors Ltd. The filing does not specify the terms or financial impact of this amendment.
Why It Matters
Amendments to loan agreements can impact a company's financial flexibility and future funding options.
Risk Assessment
Risk Level: medium — Loan agreement amendments can signal financial strain or changes in funding strategy, requiring closer scrutiny.
Key Players & Entities
- SciSparc Ltd. (company) — Registrant
- AutoMax Motors Ltd. (company) — Lender in bridge loan agreement
- June 9, 2024 (date) — Date of loan agreement amendment
- January 19, 2024 (date) — Date of original bridge loan announcement
FAQ
What are the specific terms of the amendment to the bridge loan agreement?
The filing states that an amendment was entered into on June 9, 2024, but does not provide specific details regarding the terms of this amendment.
What was the original amount of the bridge loan agreement announced on January 19, 2024?
The filing refers to the original loan agreement announced on January 19, 2024, but does not state the principal amount of the loan.
What is the principal business of SciSparc Ltd.?
SciSparc Ltd. is in the Pharmaceutical Preparations industry, SIC code 2834.
Where is SciSparc Ltd. headquartered?
SciSparc Ltd. is headquartered at 20 Raul Wallenberg Street, Tower A, Tel Aviv, Israel.
Does SciSparc Ltd. file annual reports under Form 20-F or Form 40-F?
SciSparc Ltd. indicates it files annual reports under cover of Form 20-F.
Filing Stats: 308 words · 1 min read · ~1 pages · Grade level 8.9 · Accepted 2024-06-14 16:00:13
Key Financial Figures
- $1.0 million — Max an additional loan in the amount of $1.0 million under terms similar to the Loan Agreeme
Filing Documents
- ea0207903-6k_scisparc.htm (6-K) — 11KB
- 0001213900-24-052869.txt ( ) — 12KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SciSparc Ltd. Date: June 14, 2024 By: /s/ Oz Adler Name: Oz Adler Title: Chief Executive Officer and Chief Financial Officer 2