SciSparc Agrees to Convert $2.02M Convertible Note Into Ordinary Shares At $1.50/Share

On October 15, 2026, SciSparc Ltd. (the "Company") entered into an inducement offer letter agreement (the "Inducement Letter") with L.I.A Pure Capital Ltd. (the "Holder"), the holder of the Company’s convertible promissory note issued on February 12, 2026 (the "Note"), with outstanding principal and accrued interest totaling $2,023,039.21 as of October 15, 2026.

Pursuant to the Inducement Letter, the Company offered the Holder the opportunity to convert the outstanding principal and accrued interest under the Note into ordinary shares of the Company, no par value (the "Ordinary Shares"), at a conversion price of $1.50 per Ordinary Share. No additional cash payment by the Holder is required and the Company will not receive any cash proceeds from the conversion.

The closing of the transaction contemplated pursuant to the Inducement Letter is expected to occur on or about October 16, 2026.