SciSparc Ltd. Amends Bridge Loan Agreement

TL;DR

SciSparc amended its bridge loan with AutoMax Moto again on Sept 5.

AI Summary

On September 5, 2024, SciSparc Ltd. entered into a second amendment to its bridge loan agreement with AutoMax Moto. This amendment modifies the terms of the original January 14, 2024, agreement, which was previously amended on June 9, 2024.

Why It Matters

This amendment to the bridge loan agreement could impact SciSparc's financial flexibility and its ability to fund ongoing operations or future projects.

Risk Assessment

Risk Level: low — The filing is a routine amendment to an existing loan agreement and does not appear to introduce new significant risks.

Key Players & Entities

• SciSparc Ltd. (company) — Registrant
• AutoMax Moto (company) — Lender in bridge loan agreement
• September 5, 2024 (date) — Date of Second Amendment
• January 14, 2024 (date) — Original Bridge Loan Agreement Date
• June 9, 2024 (date) — Date of First Amendment

FAQ

Key Financial Figures

• $1.85 million — ded an additional loan in the amount of $1.85 million to AutoMax under terms similar to the B
• $4.25 million — ringing the total bridge loan amount to $4.25 million (the “Loan Amount”). In con
• $4.25 m — reed to deliver to AutoMax an amount of $4.25 million, less any amount owed by AutoMax
• $1.85 million — c Ltd., titled “SciSparc Advances $1.85 million Loan to AutoMax, Following AutoMax&rsqu

Filing Documents

• ea0214073-6k_scisparc.htm (6-K) — 24KB
• ea021407301ex99-1_scisparc.htm (EX-99.1) — 13KB
• ex99-1_001.jpg (GRAPHIC) — 1KB
• 0001213900-24-077530.txt ( ) — 40KB

Forward-Looking Statements

Forward-Looking Statements This Report of Foreign Private Issuer on Form 6-K contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, SciSparc is using forward-looking statements when it discusses the prospective closing of the transactions contemplated by the Merger Agreement. In addition, there can be no assurance that the Company will be able to complete the transactions contemplated by the Merger or related transactions. Since such statements deal with future events and are based on SciSparc’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of SciSparc could differ materially from those described in or implied by the statements in this press release. The forward-looking heading “Risk Factors” in SciSparc’s Annual Report on Form 20-F filed with the SEC on April 1, 2024, and in subsequent filings with the U.S. Securities and Exchange Commission. Except as otherwise required by law, SciSparc disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date they were made, whether as a result of new information, future events or circumstances or otherwise. Non-Solicitation This Report of Foreign Private Issuer on Form 6-K will not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This Report of Foreign Private Issuer on Form 6-K is incorporated by refe

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 : September 11, 2024 By : / s / Oz Adler Name : Oz Adler Title : Chief Executive Officer and Chief Financial Officer 3

View Full Filing

View this 6-K filing on SEC EDGAR