Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $8.15 Million Private Placement Offering of SciSparc Ltd. 

Press Release – New York, NY – March 5, 2021 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as the exclusive placement agent in a private placement of SciSparc Ltd., (OTCQB: SPRCY), a specialty, clinical-stage pharmaceutical company focusing on the development of cannabinoid-based treatments.

The offering consisted of an aggregate of 1,152,628 Units that were sold to certain institutional and accredited investors as follows: (a) 916,316 units at an offering price of $7.07 per unit, consisting of 1 American Depositary Share (“ADS”), a Series A Warrant to purchase an equal number of Units purchased and a Series B Warrant to purchase half the number of Units and (b) 236,312 pre-funded units at a price of $7.069 per unit, consisting of 1 pre-funded warrant to purchase one ADS, a Series A Warrant to purchase an equal number of Units purchased and a Series B Warrant to purchase half the number of Units. The Series A Warrants have an exercise price of $7.07, and the Series B Warrants have an exercise price equal to $10.60. The Pre-Funded Warrants have an exercise price of $0.001 per full ADS.  The gross proceeds from the offering were approximately $8.15 million. 

The Sichenzia Ross Ference LLP team was led by partners Darrin M. Ocasio and Avital Perlman, and associate Matthew Siracusa.

• Author
• Recent Posts

Sichenzia Ross Ference LLP

Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry.  In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.  The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation.  Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies.  The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA).  These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct.  Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records.  The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

Visit SRF's LinkedIn page

Latest posts by Sichenzia Ross Ference LLP (see all)

• Sichenzia Ross Ference LLP Represents Jupiter Wellness, Inc. in $32.5 Million Underwritten Public Offering of Common Stock and Warrants - July 27, 2021
• Sichenzia Ross Ference LLP Represents ThinkEquity LLC in $18.0 Million Initial Public Offering of Common Stock of Twin Vee PowerCats Co. - July 26, 2021
• Sichenzia Ross Ference LLP Represents Aegis Capital in $16.0 Million Initial Public Offering of Inspira Technologies OXY B.H.N. Ltd - July 19, 2021