Dow Gains 50 Points, SEALSQ Shares Plummet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2024
0mins
Should l Buy SPRC?
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks saw a slight increase with the Dow Jones up 0.12%, NASDAQ rising 0.03%, and S&P 500 gaining 0.05%. Notable movements included SEALSQ Corp's shares surging 31% after launching a new research hub, while Neuphoria Therapeutics Inc. experienced a 38% drop.
Economic Indicators: Initial jobless claims in the U.S. fell by 1,000 to 219,000, better than market expectations of 224,000. Meanwhile, commodity prices showed modest increases, with oil up 0.2% and gold rising 0.6%.
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Analyst Views on SPRC
About SPRC
Scisparc Ltd, former Therapix Biosciences Ltd is a Israel-based pharmaceutical company commited into creating and enhancing technologies and assets based on cannabinoid pharmaceuticals. The company is engaged in drug development programs based on repurposing a cannabinoid (Dronabinol): THX-110 for the treatment of Tourette syndrome (TS), for the treatment of Obstructive Sleep Apnea (OSA), and the treatment of Pain; THX-130 for the treatment of Mild Cognitive Impairment (MCI) and Traumatic Brain Injury (TBI); THX-150 for the treatment of infectious diseases; and THX-160 for the treatment of pain.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Commercialization Strategy: The company plans to begin commercializing the acquired technologies immediately upon closing the deal, aiming to accelerate market penetration by replicating existing successful distribution models, particularly in North America, Europe, and Latin America.
- Equity Issuance Terms: Under the agreement, SciSparc will issue ordinary shares representing approximately 19.99% of its outstanding stock to the seller at closing, with the potential to issue pre-funded warrants to optimize its capital structure as needed.
- Expected Closing Timeline: SciSparc anticipates closing the acquisition by March 8, 2026, contingent upon satisfying customary conditions, including regulatory approvals, which will provide a significant opportunity for the company to enter new medical segments.
See More
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- Plan Submission Deadline: Under Nasdaq rules, SciSparc must submit a compliance restoration plan by February 26, 2026, and if accepted, may receive an extension of up to 180 days to demonstrate compliance, impacting the company's future listing status.
- Future Compliance Expectations: SciSparc anticipates regaining compliance by December 31, 2025, through proceeds from the $4.2 million debenture conversion in August 2025 and a registered direct offering completed in November 2025, reflecting confidence in financial recovery.
- Stock Price Fluctuation: Following the announcement, SciSparc's stock price fell by 2.05% to $1.43, indicating market concerns regarding the company's compliance capabilities, which may also affect investor confidence and future financing opportunities.
See More
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- Market Potential: According to The Business Research Company, the global market for opioids is projected to reach approximately $5.5 to $5.7 billion in 2024, and NeuroThera's new technology could provide safer and more effective alternatives, addressing the urgent need for opioid substitutes.
- Clinical Research Findings: In pre-clinical studies, NeuroThera's drug combination demonstrated significant analgesic effects, prolonging the pain-relieving duration of opioids while reducing psychological side effects, indicating its potential value in clinical applications.
- Strategic Implications: The patent acquisition not only enhances NeuroThera's competitive position in the market but also lays the groundwork for SciSparc's innovative development in the opioid sector, potentially accelerating future drug development and commercialization efforts.
See More
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- Efficacy Enhancement: This patented technology enhances opioid analgesia through N-acylethanolamines, with studies indicating it can reduce side effects like tolerance and dependence while maintaining pain relief, addressing the urgent market need for safer solutions.
- Market Potential: According to market research, the global opioid market is projected to reach $5.5 to $5.7 billion in 2024, and NeuroThera's innovative combination could capture significant market share while mitigating issues of opioid misuse and addiction.
- Strategic Importance: NeuroThera CEO Oz Adler highlighted that the patent represents a crucial achievement in maintaining strong pain relief without compromising patient safety, potentially providing robust support for the company's future drug development and market initiatives.
See More
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