SciSparc Ltd. Announces 1-for-21 Reverse Share Split
Ticker: SPRC · Form: 6-K · Filed: Jun 24, 2025 · CIK: 1611746
| Field | Detail |
|---|---|
| Company | Scisparc Ltd. (SPRC) |
| Form Type | 6-K |
| Filed Date | Jun 24, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: reverse-split, stock-adjustment
TL;DR
SciSparc is doing a 1-for-21 reverse split to boost its share price.
AI Summary
On June 24, 2025, SciSparc Ltd. announced a 1-for-21 reverse share split. This action is intended to increase the per-share market price of its ordinary shares. The company is headquartered at 20 Raul Wallenberg Street, Tower A, Tel Aviv, Israel.
Why It Matters
A reverse stock split can signal a company's effort to meet exchange listing requirements or improve its stock's market perception, potentially impacting investor confidence.
Risk Assessment
Risk Level: medium — Reverse stock splits can be a sign of financial distress or an attempt to avoid delisting, which carries inherent risks for investors.
Key Numbers
- 1-for-21 — Reverse Share Split Ratio (This ratio indicates that for every 21 shares held, shareholders will have 1 share after the split.)
Key Players & Entities
- SciSparc Ltd. (company) — Registrant
- June 24, 2025 (date) — Announcement date
- 1-for-21 (ratio) — Reverse share split ratio
- 20 Raul Wallenberg Street, Tower A, Tel Aviv 6971916 Israel (address) — Company headquarters
FAQ
What is the primary purpose of the reverse share split announced by SciSparc Ltd.?
The primary purpose is to increase the per-share market price of its ordinary shares.
When was the announcement of the reverse share split made?
The announcement was made on June 24, 2025.
What is the ratio of the reverse share split?
The reverse share split is on a 1-for-21 basis.
Where is SciSparc Ltd. located?
SciSparc Ltd. is located at 20 Raul Wallenberg Street, Tower A, Tel Aviv 6971916 Israel.
Under which form is this report filed?
This report is filed under Form 6-K, a Report of Foreign Private Issuer.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on June 24, 2025 regarding SciSparc Ltd. (SPRC).