STOCK TITAN

Aegis Capital Corp. Acted as Exclusive Placement Agent on a $10 Million Private Placement Priced At-the-Market for SciSparc Ltd. (NASDAQ:SPRC).

Rhea-AI Impact
(High)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

SciSparc Ltd. (NASDAQ: SPRC) has completed a $10 million private placement priced at-the-market, facilitated by Aegis Capital Corp. as the exclusive placement agent. The company is focused on developing cannabinoid-based pharmaceuticals, including SCI-110 for Tourette syndrome and SCI-160 for pain management. These projects aim to target various ailments such as Alzheimer's and autism. The private placement reflects investor confidence in SciSparc's innovative drug development pipeline.

Positive
  • Completion of $10 million private placement indicating investor confidence.
  • Focus on cannabinoid pharmaceuticals targeting significant health issues.
Negative
  • None.

NEW YORK, NY / ACCESSWIRE / June 2, 2022 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $10 Million Private Placement Priced At-the-Market for SciSparc Ltd. (NASDAQ:SPRC).

About SciSparc Ltd.

SciSparc Ltd. is a specialty clinical-stage pharmaceutical company led by an experienced team of senior executives and scientists. SciSparc's focus is on creating and enhancing a portfolio of technologies and assets based on cannabinoid pharmaceuticals. With this focus, the Company is currently engaged in the following drug development programs based on THC and/or non-psychoactive cannabidiol (CBD): SCI-110 for the treatment of Tourette syndrome, for the treatment of Alzheimer's disease and agitation; SCI-160 for the treatment of pain; and SCI-210 for the treatment of autism spectrum disorder and status epilepticus.

For more information, please visit www.scisparc.com

Aegis Capital Corp., Thursday, June 2, 2022, Press release picture

About Aegis Capital Corporation

Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.

For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.

Aegis Capital Corp., Thursday, June 2, 2022, Press release picture

www.aegiscapcorp.com

Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

SOURCE: Aegis Capital Corp.



View source version on accesswire.com:
https://www.accesswire.com/703693/Aegis-Capital-Corp-Acted-as-Exclusive-Placement-Agent-on-a-10-Million-Private-Placement-Priced-At-the-Market-for-SciSparc-Ltd-NASDAQSPRC

FAQ

What is the recent funding amount for SciSparc Ltd. (NASDAQ: SPRC)?

SciSparc Ltd. has completed a $10 million private placement.

Who acted as the exclusive placement agent for SciSparc Ltd.'s recent funding?

Aegis Capital Corp. acted as the exclusive placement agent.

What is the focus of SciSparc Ltd. (NASDAQ: SPRC) in drug development?

SciSparc focuses on cannabinoid-based pharmaceuticals for conditions like Tourette syndrome and Alzheimer's.

SciSparc Ltd. Ordinary Shares

NASDAQ:SPRC

SPRC Rankings

SPRC Latest News

SPRC Stock Data

2.17M
10.36M
0%
1.73%
2.51%
Biotechnology
Healthcare
Link
United States of America
Tel Aviv