SciSparc Closes Sale of MitoCareX to N2OFF

Reuters
2025/10/24
SciSparc Closes Sale of MitoCareX to N2OFF

SciSparc Ltd. has completed the sale of its majority-owned subsidiary, MitoCareX Bio Ltd., to N2OFF, Inc. Under the terms of the agreement, N2OFF acquired 6,622 shares of MitoCareX from SciSparc for $700,000 and exchanged the remaining outstanding shares of MitoCareX with all sellers for shares of N2OFF's common stock, representing 40% of N2OFF's fully diluted capital stock. The sellers will also be entitled to 30% of N2OFF's financing proceeds, capped at $1.6 million, for five years following the closing date. Following the transaction, MitoCareX is now a wholly owned subsidiary of N2OFF, with its board reconstituted by N2OFF appointees. The agreement also includes milestone-based issuances of up to 25% of N2OFF's common stock, calculated on a fully diluted basis, to the sellers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scisparc Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9550998-en) on October 23, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10