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SciSparc Ltd. Terminates Merger Agreement with AutoMax Motors

Tipranks - Tipranks - Tue Oct 7, 2025

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SciSparc Ltd. ( (SPRC) ) has issued an announcement.

On October 6, 2025, SciSparc Ltd. announced the signing of a Framework Agreement with AutoMax Motors Ltd. and SciSparc Merger Sub Ltd., effectively terminating a previous merger agreement dated April 10, 2024. The new agreement outlines the repayment terms for two loans extended to AutoMax, totaling $6.25 million, with specified interest rates and repayment schedules. The termination of the merger agreement and the revised loan repayment terms are significant as they redefine the financial relationship between SciSparc and AutoMax, potentially impacting both companies’ financial strategies and stakeholder interests.

More about SciSparc Ltd.

Average Trading Volume: 4,616,338

Technical Sentiment Signal: Sell

Current Market Cap: $7.71M

See more data about SPRC stock on TipRanks’ Stock Analysis page.

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