6-K - SciSparc Ltd. | StockGist

AI Analysis

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SciSparc Ltd. entered into a Securities Purchase Agreement with L.I.A. Pure Capital Ltd. on February 12, 2026, to issue convertible notes and warrants for up to $10 million in aggregate principal, with an initial closing for a $2.5 million note. This provides the company with a financing facility.

Key Takeaways

1SciSparc Ltd. entered into a Securities Purchase Agreement with L.I.A. Pure Capital Ltd. on February 12, 2026.

2The agreement provides for the issuance of convertible notes with an aggregate principal amount of up to $10,000,000.

3The initial closing involved the issuance of a convertible note with a principal amount of $2,500,000 for a purchase price of $2,025,000.

4The convertible notes are issued with a 10% original issue discount and have an interest rate of 4% per annum, increasing to 14% upon an Event of Default.

5The maturity date for the convertible notes is 28 months from the issuance date, with the option for the holder to extend.

6Concurrently with each note issuance, the company will issue a warrant exercisable into ordinary shares to the buyer at no additional cost.

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$10.0M$2.5M$2.3M$2.5M

Transaction Details

Material Agreement

Agreement: Securities Purchase Agreement
Parties: SciSparc Ltd., L.I.A. Pure Capital Ltd.

•Dated February 12, 2026
•Provides for issuance of convertible notes and warrants
•Aggregate principal amount up to $10,000,000

Debt / Financing

Instrument: Convertible Promissory Note
Principal: 10000000
Rate: 4
Maturity: 28 months from the Issuance Date
Use of Proceeds: Not disclosed

Exhibits (4)

10.1

SECURITIES PURCHASE AGREEMENT, DATED FEBRUARY 12, 2026, BY AND BETWEEN SCISPARC LTD. AND L.I.A. PURE CAPITAL LTD

4.1

FORM OF CONVERTIBLE PROMISSORY NOTE

4.2

FORM OF WARRANT TO PURCHASE ORDINARY SHARES OF SCISPARC LTD

6-K

REPORT OF FOREIGN PRIVATE ISSUER