Business Context and Reporting Period
This Form 6-K filing by SciSparc Ltd. covers the month of May 2026, with the report dated May 11, 2026. The filing addresses the Company's compliance status with Nasdaq Continued Listing Rule 5550(b) regarding stockholders' equity, market value of listed securities, and net income requirements.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the current period. It references the Company's Annual Report on Form 20-F for the year ended December 31, 2025, as the basis for the Nasdaq Staff's compliance determination, but does not restate those figures within this document.
Material Changes
- Listing Status Update: On January 12, 2026, the Company received notice of non-compliance with Nasdaq Rule 5550(b) due to failing to meet the $2,500,000 stockholders' equity minimum and alternative financial thresholds.
- Compliance Determination: On May 7, 2026, the Nasdaq Staff issued a conditional compliance letter. Based on the Form 20-F filed on April 29, 2026, the Staff determined the Company now complies with Rule 5550(b)(1).
Outlook, Risks, and Contingencies
Delisting Risk: The conditional compliance is contingent upon the Company providing evidence of continued compliance in its next periodic report. Failure to do so may result in delisting from the Nasdaq Stock Market.
Management Commentary: The filing incorporates this report by reference into various active registration statements (Forms F-3 and S-8) to update them with the current compliance status.
Investor Verification Checklist
- Verify the specific financial figures in the Form 20-F (filed April 29, 2026) that led to the conditional compliance determination.
- Monitor the Company's next periodic report to ensure continued evidence of compliance with Nasdaq Rule 5550(b) is provided.
- Review the active registration statements (Forms F-3 and S-8) to understand how this compliance update affects potential capital raising activities.