SciSparc Ltd. Proposes Reverse Stock Split

SciSparc Ltd. (SPRC) has released an update.

SciSparc Ltd. has announced a proposal for a reverse stock split, aiming to increase their share price to comply with Nasdaq’s minimum bid price requirement and to make the stock more attractive to investors. Shareholders are to vote on the reverse split with a proposed consolidation ratio of up to 1:30, granting the Board discretion over the exact ratio and timing. The company’s Annual General Meeting is rescheduled for October 22, 2024, where shareholders will decide on the matter.

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