SciSparc Cuts L.I.A Pure Capital Warrant Strike to $1.00, Raising $405,728
SPRC sits 20% above its 52-week low of $1.07 on elevated volume (25× avg).
Summary
SciSparc is cutting the exercise price on 405,728 L.I.A Pure Capital warrants from $4.929 to $1.00 to pull in about $405,728 of cash, diluting existing holders by roughly 19.7% against 2,057,719 shares outstanding.
Key Events · Financing and Capital Events · SPRC
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Warrant Strike Cut to $1.00
L.I.A Pure Capital agreed to exercise 405,728 warrants issued February 12, 2026 at a reduced price of $1.00, down from the original $4.929 — a 79.7% cut.
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About $405,728 in Gross Proceeds
The company expects roughly $405,728 in cash, earmarked for working capital and general corporate purposes; closing is expected on or about October 27, 2026.
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Roughly 19.7% Dilution
The 405,728 warrant shares equal about 19.7% of the 2,057,719 ordinary shares outstanding as of October 26, 2026, per the holder signature page.
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Second Deal With Same Holder
Follows the October 15, 2026 conversion of a $2.02M L.I.A Pure Capital note into about 1.35M shares at $1.50 each.
Analysis · SPRC · Life Sciences
SciSparc has persuaded L.I.A Pure Capital to exercise 405,728 warrants early by cutting the strike from $4.929 to $1.00 — a 79.7% reduction. The company nets about $405,728 in cash for working capital, but the shares land at roughly 20% of the original strike and near today's $1.28 price. Against a going-concern warning in the H1 2026 report, this is a small cash infusion that buys little runway and adds 405,728 shares to a base of 2,057,719 outstanding — about 19.7% dilution if all are issued. It marks the second deal with this same holder in under two weeks, after the October 15 note conversion at $1.50.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SPRC was trading at $1.28 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $733.8K. The 52-week trading range was $1.07 to $37.90. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.