BRIEF-SciSparc To Acquire Israeli Vehicle Importer AutoMax-February 2024-www.financetom.com

BRIEF-SciSparc To Acquire Israeli Vehicle Importer AutoMax

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BRIEF-SciSparc To Acquire Israeli Vehicle Importer AutoMax

Apr 11, 2024 6:21 AM

April 11 (Reuters) - Scisparc Ltd ( SPRC ):

* SCISPARC TO ACQUIRE AUTOMAX

* SCISPARC LTD ( SPRC ) - WILL ACQUIRE 100% OF AUTOMAX AND ESTABLISH

A NEW

WHOLLY-OWNED ISRAELI SUBSIDIARY

* SCISPARC LTD ( SPRC ) - FOLLOWING ACQUISITION SCISPARC SHAREHOLDERS

WILL

HOLD TOGETHER ABOUT 50.01% OF SHARE CAPITAL OF POST-CLOSING

COMBINED COMPANY

* SCISPARC LTD ( SPRC ) - ALL OUTSTANDING SHARES OF AUTOMAX WILL BE

CONVERTED INTO RIGHT TO RECEIVE ORDINARY SHARES OF SCISPARC

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