AutoMax Shareholders Give Green Light to Merger with SciSparc

Written by Emily J. Thompson, Senior Investment Analyst

Source: Globenewswire

Updated: Aug 28 2025

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Source: Globenewswire

Merger Announcement: SciSparc Ltd. has announced the approval of a merger with AutoMax Motors Ltd., allowing SciSparc to acquire 100% of AutoMax’s share capital through a reverse merger.
Shareholder Approval: Both SciSparc and AutoMax shareholders voted in favor of the merger, which is expected to enhance shareholder value by expanding SciSparc's operations into the automotive sector.
Financial Support: SciSparc has provided significant financial assistance to AutoMax, including a $4.25 million bridge loan in 2024 and an additional $2 million loan in February 2025, aiding its parallel import operations.
Future Prospects: The merger aligns with SciSparc's strategy to diversify its portfolio and capitalize on the growing electric vehicle market in Israel, although it remains subject to customary closing conditions, including court approval.

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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.