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SciSparc | 6-K: Report of foreign private issuer (related to financial reporting)

SEC announcement ·  May 2 16:06
Summary by Moomoo AI
SciSparc Ltd. (SciSparc), a foreign private issuer, filed a Form 6-K report with the U.S. Securities and Exchange Commission for May 2024. The report included financial statements related to the company's merger with AutoMax Motors Ltd. (AutoMax), an Israeli company, and SciSparc Merger Sub Ltd., a wholly-owned subsidiary of SciSparc. The merger, detailed in a prior 6-K report and a Merger Agreement dated April 10, 2024, is subject to shareholder approvals from both companies. Upon completion, AutoMax will survive as a wholly-owned subsidiary of SciSparc. The merger's effective time will see AutoMax's shares converted into SciSparc ordinary shares. The unaudited pro forma condensed combined financial information suggests the merger's impact on future operations is not fully...Show More
SciSparc Ltd. (SciSparc), a foreign private issuer, filed a Form 6-K report with the U.S. Securities and Exchange Commission for May 2024. The report included financial statements related to the company's merger with AutoMax Motors Ltd. (AutoMax), an Israeli company, and SciSparc Merger Sub Ltd., a wholly-owned subsidiary of SciSparc. The merger, detailed in a prior 6-K report and a Merger Agreement dated April 10, 2024, is subject to shareholder approvals from both companies. Upon completion, AutoMax will survive as a wholly-owned subsidiary of SciSparc. The merger's effective time will see AutoMax's shares converted into SciSparc ordinary shares. The unaudited pro forma condensed combined financial information suggests the merger's impact on future operations is not fully reflected in the current report. Additional documents related to the merger will be filed with the SEC, including a registration statement and a proxy statement, and will be available on SciSparc's investor relations website. The company's directors and executive officers, as well as those of AutoMax, may be deemed participants in the solicitation of proxies for the proposed transaction. Financial statements for AutoMax Motors Ltd. for the fiscal years ended December 31, 2023, and 2022, were audited by Ben David Shalvi, Kop & Co. Certified Public Accountants, and included in the report.

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