Scisparc ltd. closes $1.3 million underwritten public offering

Tel aviv, israel, aug. 14, 2023 (globe newswire) --  scisparc ltd. (nasdaq: sprc) (“scisparc” or the “company”) today announced the closing of a firm commitment underwritten public offering with gross proceeds to the company of approximately $1.3 million, before deducting underwriting discounts and other estimated expenses payable by the company. the base offering consisted of 6,500,000 ordinary shares (or pre-funded warrants in lieu of ordinary shares) at a price to the public of $0.20 per share (or $0.199 per pre-funded warrant). the company intends to use the net proceeds from this offering primarily for working capital.
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