SciSparc to Execute 1-for-9 Reverse Share Split on March 4, Reducing Shares by 88%
SciSparc will enact a one-for-nine reverse share split at market open on March 4, 2026, reducing issued shares from 5,089,501 to about 565,500 under new CUSIP M82618139. Fractional shares will be rounded at the DTC participant level and outstanding options and warrants will be proportionally adjusted.
1. Reverse Share Split Implementation
SciSparc will effect a one-for-nine reverse share split of its ordinary shares at the market open on March 4, 2026. The company’s trading symbol will remain unchanged and the post-split shares will trade under new CUSIP M82618139.
2. Outstanding Shares Reduction
The split will reduce issued and outstanding ordinary shares from 5,089,501 to approximately 565,500, of which about 561,533 will remain publicly held. Each shareholder’s percentage ownership will remain the same, subject only to minor rounding adjustments.
3. Fractional Share and Option Adjustments
No fractional ordinary shares will be issued; all fractions will be rounded to the nearest whole share at the DTC participant level. Per-share exercise prices and share quantities for all outstanding options and warrants will be adjusted on a proportional basis, with any resulting fractional purchase rights rounded up to whole shares.
4. Shareholder Process
Shareholders holding shares through brokers or custodians need not take any action, as the exchange will be processed automatically. For questions, holders may contact the transfer agent, VStock Transfer, LLC.