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SciSparc Ltd. Reports $13M Vehicle Deal with AutoMax Motors – Key Insights from Form 6-K

$SPRC
Form 6-K
Filed on: 2024-12-26
Source
SciSparc Ltd. Reports $13M Vehicle Deal with AutoMax Motors – Key Insights from Form 6-K

Here are the key insights extracted from the provided section of the financial report for SciSparc Ltd.:

  1. Filing Type and Date:
  • This is a Form 6-K, filed on December 26, 2024, which is typically used by foreign private issuers to report significant events.
  1. Company Identification:
  • Company Name: SciSparc Ltd.
  • Commission File Number: 001-38041.
  • Principal Executive Office Address: 20 Raul Wallenberg Street, Tower A, Tel Aviv 6971916, Israel.
  1. Press Release Announcement:
  • On December 26, 2024, SciSparc issued a press release regarding AutoMax Motors Ltd.'s announcement of a $13 million first delivery of JAC vehicles following regulatory approval for direct importation.
  • The press release includes forward-looking statements, which are accompanied by cautionary statements regarding such projections.
  1. Registration and Proxy Information:
  • The company has filed a registration statement and a proxy statement with the SEC related to proposed transactions with AutoMax.
  • Investors are encouraged to read these documents for critical information before making any voting decisions.
  1. Solicitation Participants:
  • The company, AutoMax, and their directors and executive officers are deemed participants in the solicitation of proxies from holders of ordinary shares in connection with the proposed transaction.
  1. Non-Solicitation Clause:
  • The report explicitly states that it does not constitute an offer or solicitation for the sale of any securities in any jurisdiction where such offer or sale would be unlawful.
  1. Exhibit Index:
  • Exhibit 99.1: Contains the press release titled “SciSparc: AutoMax Announces $13 Million First Delivery of JAC Vehicles Following Regulatory Approval for Direct Importation.”
  1. Signatory Information:
  • The report is signed by Oz Adler, Chief Executive Officer and Chief Financial Officer of SciSparc Ltd., confirming its authenticity.

This report highlights significant corporate developments and regulatory compliance, indicating ongoing business activity and potential future growth through the partnership with AutoMax Motors Ltd.