Brief: SciSparc To Acquire Israeli Vehicle Importer AutoMax
11/04/2024 13:50
April 11 (Reuters) - Scisparc Ltd SPRC.O :
* SCISPARC TO ACQUIRE AUTOMAX
* SCISPARC LTD - WILL ACQUIRE 100% OF AUTOMAX AND ESTABLISH
A NEW
WHOLLY-OWNED ISRAELI SUBSIDIARY
* SCISPARC LTD - FOLLOWING ACQUISITION SCISPARC SHAREHOLDERS
WILL
HOLD TOGETHER ABOUT 50.01% OF SHARE CAPITAL OF POST-CLOSING
COMBINED COMPANY
* SCISPARC LTD - ALL OUTSTANDING SHARES OF AUTOMAX WILL BE
CONVERTED INTO RIGHT TO RECEIVE ORDINARY SHARES OF SCISPARC
Source text for Eikon: ID:nGNX5Q6thZ
Further company coverage: SPRC.O
((Reuters.Briefs@thomsonreuters.com;))