SciSparc subsidiary NeuroThera raises C$5.4M in private placement

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SciSparc: Subsidiary NeuroThera Labs Completes C$5.4 Million Financing with SciSparc’s Stake Valued at Approximately C$30 Million

August 18, 2026 8:06 AM EDT

SciSparc Invests C$2.7 million and holds approximately 44.6% of NeuroTheras issued and outstanding common shares following the financing

TEL AVIV, Israel, Aug. 18, 2026 (GLOBE NEWSWIRE) -- SciSparc Ltd. (Nasdaq: SPRC) (Company or SciSparc), today announced that its majority-owned subsidiary, NeuroThera Labs Inc. (TSXV: NTLX) ("NeuroThera"), a clinical-stage pharmaceutical company focused on developing novel treatments for central nervous system disorders, has completed two tranches of non-brokered private placements, raising aggregate gross proceeds of C$5.4 million.

SciSparc participated in the financing with a C$2.7 million investment, representing 50% of the... More