SciSparc Shares Skyrocket With AutoMax's First JAC Motors Shipment

Benzinga

2024-12-26

SciSparc Ltd. (NASDAQ:SPRC) shares are rocketing on Thursday after it disclosed that AutoMax Motors Ltd., an Israeli automotive importer and distributor with which it has a merger agreement, has received its $13 million first delivery of JAC vehicles from Anhui Jianghuai Automobile Group Co., Ltd. (JAC Motors).

This marks a key milestone in AutoMax’s direct import and distribution operations initiated earlier this year under agreements with JAC Motors.

With regulatory approvals in place, AutoMax is set to begin marketing and sales activities for JAC Motors vehicles across Israel.

SciSparc has provided financial support to AutoMax, enabling the resources necessary to facilitate the JAC Motors transaction.

As part of its growth strategy, SciSparc entered into a merger agreement with AutoMax in April 2024.

If completed, this merger would expand SciSparc into the automotive sector, subject to shareholder approval and other closing conditions.

This month, SciSparc disclosed an amendment to its non-binding letter of intent (LOI) regarding the spin-off of its advanced clinical-stage pharmaceutical portfolio and equity stake in SciSparc Nutraceuticals Inc.

Price Action: SPRC shares are trading higher by 256% at $0.7874 premarket at the last check Thursday.

Read Next:

Pharma Company Gets FDA Green Light For Next Phase Trial For Tourette Syndrome

Image via Shutterstock.

Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.

Get the latest stock analysis from Benzinga?

This article SciSparc Shares Skyrocket With AutoMax's First JAC Motors Shipment originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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(JAC Motors).</p>\n<p>This marks a key milestone in AutoMax’s direct import and distribution operations initiated earlier this year under agreements with JAC Motors.</p>\n<p>With regulatory approvals in place, AutoMax is set to begin marketing and sales activities for JAC Motors vehicles across Israel.</p>\n<p>SciSparc has provided financial support to AutoMax, enabling the resources necessary to facilitate the JAC Motors transaction.</p>\n<p>As part of its growth strategy, SciSparc entered into a merger agreement with AutoMax in April 2024.</p>\n<p>If completed, this merger would expand SciSparc into the automotive sector, subject to shareholder approval and other closing conditions.</p>\n<p>This month, SciSparc disclosed an amendment to its non-binding letter of intent (LOI) regarding the spin-off of its advanced clinical-stage pharmaceutical portfolio and equity stake in <strong>SciSparc Nutraceuticals Inc</strong>.</p>\n<p><strong>Price Action</strong>: SPRC shares are trading higher by 256% at $0.7874 premarket at the last check Thursday.</p>\n<p><strong>Read Next</strong>:</p>\n<ul>\n<li><strong>Pharma Company Gets FDA Green Light For Next Phase Trial For Tourette Syndrome</strong></li>\n</ul>\n<p><em>Image via Shutterstock.</em></p>\n<p>Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. <strong>Click now to access unique insights</strong> that can set you ahead in today's competitive market.</p>\n<p>Get the latest stock analysis from Benzinga?</p>\n<ul></ul>\n<p>This article SciSparc Shares Skyrocket With AutoMax's First JAC Motors Shipment originally appeared on Benzinga.com</p>\n<p><i>© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</i></p></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SciSparc Shares Skyrocket With AutoMax's First JAC Motors Shipment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSciSparc Shares Skyrocket With AutoMax's First JAC Motors Shipment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-26 22:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/scisparc-shares-skyrocket-automaxs-first-142112532.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SciSparc Ltd. (NASDAQ:SPRC) shares are rocketing on Thursday after it disclosed that AutoMax Motors Ltd., an Israeli automotive importer and distributor with which it has a merger agreement, has ...</p>\n\n<a href=\"https://finance.yahoo.com/news/scisparc-shares-skyrocket-automaxs-first-142112532.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4007","symbol_name":"制药","start_time":0,"source_url":"https://finance.yahoo.com/news/scisparc-shares-skyrocket-automaxs-first-142112532.html","article_id":"2494865132","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494865132","pubTimestamp":1735222872,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"SciSparc Ltd.  shares are rocketing on Thursday after it disclosed that AutoMax Motors Ltd., an Israeli automotive importer and distributor with which it has a merger agreement, has received its $13 million first delivery of JAC vehicles from Anhui Jianghuai Automobile Group Co., Ltd. .This marks a key milestone in AutoMax’s direct import and distribution operations initiated earlier this year under agreements with JAC Motors.With regulatory approvals in place, AutoMax is set to begin marketing and sales activities for JAC Motors vehicles across Israel.SciSparc has provided financial support to AutoMax, enabling the resources necessary to facilitate the JAC Motors transaction.As part of its growth strategy, SciSparc entered into a merger agreement with AutoMax in April 2024.If completed, this merger would expand SciSparc into the automotive sector, subject to shareholder approval and other closing conditions.This month, SciSparc disclosed an amendment to its non-binding letter of inten","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4007":"制药","BK4139":"生物科技","SPRC":"SciSparc Ltd."},"translate_title":"随着AutoMax首次出货江淮汽车，SciSparc股价飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPRC":0.9},"content_text":"SciSparc Ltd. (NASDAQ:SPRC) shares are rocketing on Thursday after it disclosed that AutoMax Motors Ltd., an Israeli automotive importer and distributor with which it has a merger agreement, has received its $13 million first delivery of JAC vehicles from Anhui Jianghuai Automobile Group Co., Ltd. (JAC Motors).\nThis marks a key milestone in AutoMax’s direct import and distribution operations initiated earlier this year under agreements with JAC Motors.\nWith regulatory approvals in place, AutoMax is set to begin marketing and sales activities for JAC Motors vehicles across Israel.\nSciSparc has provided financial support to AutoMax, enabling the resources necessary to facilitate the JAC Motors transaction.\nAs part of its growth strategy, SciSparc entered into a merger agreement with AutoMax in April 2024.\nIf completed, this merger would expand SciSparc into the automotive sector, subject to shareholder approval and other closing conditions.\nThis month, SciSparc disclosed an amendment to its non-binding letter of intent (LOI) regarding the spin-off of its advanced clinical-stage pharmaceutical portfolio and equity stake in SciSparc Nutraceuticals Inc.\nPrice Action: SPRC shares are trading higher by 256% at $0.7874 premarket at the last check Thursday.\nRead Next:\n\nPharma Company Gets FDA Green Light For Next Phase Trial For Tourette Syndrome\n\nImage via Shutterstock.\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nThis article SciSparc Shares Skyrocket With AutoMax's First JAC Motors Shipment originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}