SciSparc Ltd. Signs Framework Agreement for Potential Merger
Ticker: SPRC · Form: 6-K · Filed: Oct 6, 2025 · CIK: 1611746
| Field | Detail |
|---|---|
| Company | Scisparc Ltd. (SPRC) |
| Form Type | 6-K |
| Filed Date | Oct 6, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $4.25 million, $2.0 million, $60,000, $114,523 |
| Sentiment | neutral |
Sentiment: neutral
Topics: merger, framework-agreement, business-combination
TL;DR
SciSparc inks framework deal for potential merger with AutoMax Motors.
AI Summary
On October 6, 2025, SciSparc Ltd. announced a framework agreement with AutoMax Motors Ltd. and SciSparc Merger Sub Ltd. to potentially merge. The agreement outlines the terms and conditions for the proposed business combination between SciSparc and AutoMax.
Why It Matters
This framework agreement signals a significant strategic move for SciSparc, potentially leading to a business combination that could reshape its market position and operations.
Risk Assessment
Risk Level: medium — The filing indicates a potential merger, which is a complex transaction with inherent risks and uncertainties regarding completion and future performance.
Key Players & Entities
- SciSparc Ltd. (company) — Registrant
- AutoMax Motors Ltd. (company) — Party to framework agreement
- SciSparc Merger Sub Ltd. (company) — Party to framework agreement
- October 6, 2025 (date) — Date of framework agreement
FAQ
What is the nature of the agreement SciSparc Ltd. entered into?
SciSparc Ltd. entered into a framework agreement for a potential merger with AutoMax Motors Ltd. and SciSparc Merger Sub Ltd.
Who are the parties involved in the framework agreement?
The parties involved are SciSparc Ltd., AutoMax Motors Ltd., and SciSparc Merger Sub Ltd.
When was the framework agreement dated?
The framework agreement was dated as of October 6, 2025.
What is the purpose of the framework agreement?
The purpose of the framework agreement is to outline the terms and conditions for a proposed business combination between SciSparc and AutoMax.
Is this a definitive merger agreement or a preliminary one?
The filing refers to it as a 'framework agreement,' suggesting it outlines the terms for a proposed business combination, implying it is a preliminary step rather than a definitive agreement.
Filing Stats: 567 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2025-10-06 07:35:12
Key Financial Figures
- $4.25 million — ect; (ii) the repayment by AutoMax of a $4.25 million loan amount and interest of 9% per annu
- $2.0 million — and (iii) the repayment by AutoMax of a $2.0 million loan amount, under a loan agreement dat
- $60,000 — ments starting on November 20, 2025, of $60,000 each and the interest of 8% per annum,
- $114,523 — until November 20, 2025, in the sum of $114,523. The foregoing description of the Fram
Filing Documents
- ea0260366-6k_scisparc.htm (6-K) — 15KB
- ea026036601ex99-1_scisparc.htm (EX-99.1) — 29KB
- ea026036601ex99-2_scisparc.htm (EX-99.2) — 7KB
- ex99-2_001.jpg (GRAPHIC) — 6KB
- 0001213900-25-096287.txt ( ) — 60KB
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: October 6, 2025 By: /s/ Oz Adler Name: Oz Adler Title: Chief Executive Officer and Chief Financial Officer - 3 -