SciSparc Ltd., a foreign private issuer, has announced an update on the merger process with AutoMax Motors Ltd., as initially reported in their April 11, 2024 filing. The Jerusalem District Court in Israel has approved AutoMax's request to hold special shareholder meetings to vote on the merger, which would result in AutoMax becoming a wholly-owned subsidiary of SciSparc. The merger is contingent upon the approval of both companies' shareholders and other conditions detailed in the Merger Agreement. In preparation for the proposed transaction, SciSparc will file a registration statement and a proxy statement with the U.S. Securities and Exchange Commission (SEC). Shareholders are urged to read these and other relevant documents once available, as they will contain important information...Show More

SciSparc Ltd., a foreign private issuer, has announced an update on the merger process with AutoMax Motors Ltd., as initially reported in their April 11, 2024 filing. The Jerusalem District Court in Israel has approved AutoMax's request to hold special shareholder meetings to vote on the merger, which would result in AutoMax becoming a wholly-owned subsidiary of SciSparc. The merger is contingent upon the approval of both companies' shareholders and other conditions detailed in the Merger Agreement. In preparation for the proposed transaction, SciSparc will file a registration statement and a proxy statement with the U.S. Securities and Exchange Commission (SEC). Shareholders are urged to read these and other relevant documents once available, as they will contain important information about the merger. The company's directors and executive officers, as well as those of AutoMax, may be considered participants in the solicitation of proxies for the transaction. The report also clarifies that this announcement is not an offer to sell securities and that the information is incorporated by reference into the company's existing registration statements.