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BRIEF-SciSparc Enters Agreement To Acquire Wellution For $20 Mln

BRIEF-SciSparc Enters Agreement To Acquire Wellution For $20 Mln

Reuters · 09/14/2022 08:27
BRIEF-SciSparc Enters Agreement To Acquire Wellution For $20 Mln

- SciSparc Ltd SPRC.O:

  • SCISPARC ENTERS AGREEMENT TO ACQUIRE WELLUTION™, TOP SELLER OF AMERICAN FOOD SUPPLEMENTS AND COSMETICS BRAND ON AMAZON, FOR $20 MILLION

  • SCISPARC LTD - CO WILL GRANT TO M.R.M $15 MILLION WORTH OF WARRANTS TO PURCHASE ORDINARY SHARES OF CO AT AN EXERCISE PRICE OF $7.00 PER SHARE

  • SCISPARC LTD - UPON CLOSING, SCISPARC WILL PAY A BASE CASH PAYMENT OF $4.59 MILLION

Source text for Eikon: ID:

Further company coverage: SPRC.O


((Reuters.Briefs@thomsonreuters.com;))