SciSparc Ltd. (SPRC) Form 6-K — Nov 3, 2026
SciSparc Ltd. entered a Securities Purchase Agreement on November 3, 2026 with institutional investor L.I.A. Pure Capital Ltd. for up to $10,000,000 in convertible promissory notes, closing an initial $3,000,000 note at a purchase price of $2,550,000 — a 15% original issue discount.
Key figures
- Debt Amount
- 10000000
- Interest Rate
- 4
- Maturity
- 28 months from issuance
- Repayment
- 10 equal monthly installments beginning 18 months after issuance
- Floor price
- 0.11592
- Default interest rate
- 14
- Fixed conversion price
- 0.5237
- Initial note principal
- 3000000
- Initial warrant shares
- 11457269
- Warrant exercise price
- 0.5237
- Beneficial ownership cap
- 4.99%
- Warrant coverage percent
- 200
- Initial note purchase price
- 2550000
- Variable conversion discount
- 85% of lowest daily VWAP over 20 trading days
- Remaining subscription amount
- 7000000
- Original issue discount percent
- 15
AI analysis
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