SciSparc (NASDAQ:SPRC [https://seekingalpha.com/symbol/SPRC]) shares rallied in Wednesday's premarket trading after AutoMax filed a court motion concerning its proposed merger with the company.
A judge granted a stay on the proceedings, citing uncertainties surrounding the terms of the deal.
AutoMax sought the stay due to uncertainty surrounding its ability to consummate the merger, stemming from "potential difficulties in meeting the closing conditions as a result of recent developments in its business operations," according to a filing [https://seekingalpha.com/filings/pdf/18778628].
SciSparc (NASDAQ:SPRC [https://seekingalpha.com/symbol/SPRC]) was last up 178% premarket at $5.12.
MORE ON SCISPARC LTD.
* Financial information for SciSparc Ltd. [https://seekingalpha.com/symbol/SPRC/income-statement]
SciSparc stock rallies after AutoMax files motion on pending merger
Published 1 month ago
Sep 17, 2025 at 9:15 AM
Neutral
Auto