SciSparc announces pricing of $5.026M private placement

SciSparc has entered into a securities purchase agreement with an institutional investor to raise gross cash proceeds of approximately $5.026 million through a private placement, before deducting fees to the placement agent and other offering expenses payable by the Company. In connection with the private placement, the Company will issue an aggregate of 1,930,108 units, each unit consisting of two Pre-Funded Warrants. The Pre-Funded Warrants have an exercise price of $0.001 and a term of five years from the date of issuance. The closing of the private placement is expected to occur on or about October 13, 2023, subject to the satisfaction of certain customary closing conditions. Aegis Capital Corp. is acting as the exclusive placement agent for the private placement.