SciSparc issues $3 million convertible note for $2.55 million
SPRC•SciSparc raised $2.55 million through an initial $3 million convertible note under an agreement for up to $10 million in notes. The note carries 4% annual interest, and the investor received a warrant to buy up to 11,457,269 ordinary shares at $0.5237 each.
1. Note terms
SciSparc entered a securities purchase agreement on November 3, 2026, for up to $10 million in convertible promissory notes. The initial $3 million note raised $2.55 million for working capital and general corporate purposes. It carries 4% annual interest, with repayment beginning May 3, 2028, in 10 equal monthly installments. The investor also received a warrant to purchase up to 11,457,269 ordinary shares at an exercise price of $0.5237.
