UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
Under the Securities Exchange Act of 1934
For the month of: December 2022 (Report No. 3)
Commission file number: 001- 38041
SCISPARC LTD.
(Translation of registrant’s name into English)
20 Raul Wallenberg Street, Tower A,
Tel Aviv 6971916, Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(1):_____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulations S-T Rule 101(b)(7):_____
CONTENTS
This Report of Foreign Private Issuer on Form 6-K consists of: (i) the Registrant’s third quarter operating and financial summary (ii) the Registrant’s Unaudited Consolidated Interim Financial Statements as of June 30, 2022, which is attached hereto as Exhibit 99.1; and (iii) the Registrant’s Management’s Discussion and Analysis of Financial Condition and Results of Operations for the six months ended June 30, 2022, which is attached hereto as Exhibit 99.2.
SUMMARY OF CONSOLIDATED STATEMENTS OF PROFIT OR LOSS:
| | | Nine months ended
September 30,
2022
Unaudited
USD in thousands | |
| Revenues | | $ | 179 | |
| Cost of goods sold | | | 38 | |
| Research and development expenses | | | 2,144 | |
| General and administrative expenses | | | 4,572 | |
| Other expenses | | | 76 | |
| Operating loss | | | 6,651 | |
| Finance income | | | 6,156 | |
| Finance expenses | | | 19 | |
| Net Loss | | $ | 514 | |
SUMMARY OF CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
| | | September 30,
2022
Unaudited
USD in thousands | |
| Cash | | $ | 7,555 | |
| Total assets | | $ | 14,105 | |
| Total liabilities | | $ | 5,756 | |
| Shareholders’ equity: | | | | |
| Share capital and premium | | $ | 58,550 | |
| Reserve from share-based payment transactions | | | 5,044 | |
| Warrants | | | 497 | |
| Foreign currency translation reserve | | | 559 | |
| Transactions with non-controlling interests | | | 5,190 | |
| Accumulated deficit | | | (61,491 | ) |
| Total equity | | $ | 8,349 | |
This Report on Form 6-K is incorporated by reference into the registration statements on Form F-3 (File No. 333-266047, File No. 333-233417 and File No. 333-248670) and on Form S-8 (File No. 333-225773) of the Registrant, filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| | SciSparc Ltd. |
| | |
| Date: December 29, 2022 | By | /s/ Oz Adler |
| | Name: | Oz Adler |
| | Title: | Chief Executive Officer |
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