SciSparc jumps after merger approval with Israeli vehicle importer

Scisparc

28/08/2025 12:48

** Shares of Israel-based drug developer SciSparc SPRC.O rise 45% to $6.18 premarket

** SciSparc shareholders approved a merger with Israeli vehicle importer AutoMax

** SPRC shareholders will hold about 50.01% of the combined company post-merger

** The merger will make AutoMax a wholly-owned subsidiary of SciSparc

** The merger still requires Israeli court approval and AutoMax shareholder votes

** As of last close, stock down 43.7% YTD

 (Reporting by Kamal Choudhury in Bengaluru)

 ((Kamal.Choudhury@thomsonreuters.com;))