SciSparc has rescheduled its Annual General Meeting from October 1 to October 22, 2024, while maintaining the record date of August 27, 2024. The meeting will be held at 3:00 p.m. Israel time at the company's Tel Aviv offices, requiring a quorum of shareholders holding at least 15% of voting power.The company has received a notice from Nasdaq on July 16, 2024, regarding non-compliance with the $1.00 minimum bid price requirement. In response, the Board has proposed a reverse stock split with an increased ratio range of up to 1:30, expanding from the previous 1:2 ratio. The company has 180 days to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days.The Board believes this reverse split will make shares more attractive to investors and generate additional trading interest. If approved, the Board will have discretionary authority to determine the exact ratio and effective date of the reverse split implementation.

SciSparc has rescheduled its Annual General Meeting from October 1 to October 22, 2024, while maintaining the record date of August 27, 2024. The meeting will be held at 3:00 p.m. Israel time at the company's Tel Aviv offices, requiring a quorum of shareholders holding at least 15% of voting power.The company has received a notice from Nasdaq on July 16, 2024, regarding non-compliance with the $1.00 minimum bid price requirement. In response, the Board has proposed a reverse stock split with an increased ratio range of up to 1:30, expanding from the previous 1:2 ratio. The company has 180 days to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days.The Board believes this reverse split will make shares more attractive to investors and generate additional trading interest. If approved, the Board will have discretionary authority to determine the exact ratio and effective date of the reverse split implementation.