SciSparc Gets 180-Day Nasdaq Bid Price Compliance Extension
Ticker: SPRC · Form: 6-K · Filed: Jan 15, 2025 · CIK: 1611746
| Field | Detail |
|---|---|
| Company | Scisparc Ltd. (SPRC) |
| Form Type | 6-K |
| Filed Date | Jan 15, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: compliance, extension, listing-requirements, press-release
Related Tickers: SPRC
TL;DR
Nasdaq gives SciSparc 180 more days to fix its sub-$1 stock price.
AI Summary
SciSparc Ltd. announced on January 15, 2025, that it has received an 180-day extension from the Nasdaq Stock Market LLC to regain compliance with the minimum bid price requirement. The company was previously notified on December 18, 2024, that its American Depositary Shares (ADSs) did not meet the minimum bid price of $1.00 per share.
Why It Matters
This extension provides SciSparc with additional time to address its low stock price, potentially avoiding delisting from the Nasdaq and maintaining investor confidence.
Risk Assessment
Risk Level: medium — The company is still at risk of delisting if it cannot meet the minimum bid price requirement within the extended period.
Key Numbers
- 180-Day — Extension Period (The additional time granted by Nasdaq for SciSparc to regain compliance.)
Key Players & Entities
- SciSparc Ltd. (company) — The company filing the report and receiving the extension.
- Nasdaq Stock Market LLC (company) — The exchange that granted the extension.
- January 15, 2025 (date) — Date of the press release announcing the extension.
- December 18, 2024 (date) — Date the company was initially notified of non-compliance.
- $1.00 (dollar_amount) — The minimum bid price requirement.
FAQ
What was the specific reason for SciSparc's non-compliance with Nasdaq's minimum bid price requirement?
SciSparc's American Depositary Shares (ADSs) did not meet the minimum bid price of $1.00 per share.
When was SciSparc initially notified of its non-compliance?
The company was notified on December 18, 2024.
What is the new deadline for SciSparc to regain compliance with the minimum bid price requirement?
The company has been granted an 180-day extension, meaning the new deadline is approximately July 12, 2025 (180 days from January 15, 2025).
What action did SciSparc take to address the non-compliance issue?
SciSparc issued a press release on January 15, 2025, announcing the extension granted by Nasdaq.
What is the filing type and date for this report?
This is a Form 6-K filed on January 15, 2025.
Filing Stats: 311 words · 1 min read · ~1 pages · Grade level 10.5 · Accepted 2025-01-15 16:05:07
Filing Documents
- ea0227764-6k_scisparc.htm (6-K) — 12KB
- ea022776402ex99-1_scisparc.htm (EX-99.1) — 9KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- 0001213900-25-003825.txt ( ) — 27KB
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: January 15, 2025 By: /s/ Oz Adler Name: Oz Adler Title: Chief Executive Officer and Chief Financial Officer 3