BRIEF-SciSparc To Acquire Israeli Vehicle Importer AutoMax

Reuters04-11

April 11 (Reuters) - Scisparc Ltd :

* SCISPARC TO ACQUIRE AUTOMAX

* SCISPARC LTD - WILL ACQUIRE 100% OF AUTOMAX AND ESTABLISH A NEW WHOLLY-OWNED ISRAELI SUBSIDIARY

* SCISPARC LTD - FOLLOWING ACQUISITION SCISPARC SHAREHOLDERS WILL HOLD TOGETHER ABOUT 50.01% OF SHARE CAPITAL OF POST-CLOSING COMBINED COMPANY

* SCISPARC LTD - ALL OUTSTANDING SHARES OF AUTOMAX WILL BE CONVERTED INTO RIGHT TO RECEIVE ORDINARY SHARES OF SCISPARC

Source text for Eikon: Further company coverage:

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

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