SciSparc Secures Favorable Settlement in Lawsuit It Filed, Receiving Cash Compensation and a Full Release from All Commitments, Royalties, and Allegations Asserted Against It on Claimed Core Technology
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SciSparc Ltd. (Nasdaq: SPRC) has reached a favorable settlement in a lawsuit it filed against six former directors, receiving cash compensation and a full release from all commitments, royalties, and allegations related to its core technology.
February 18, 2025 | 12:30 pm
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SciSparc Ltd. has successfully settled a lawsuit against former directors, receiving cash compensation and a release from all allegations, which could positively impact its stock price.
The settlement provides financial compensation and removes legal uncertainties, which are positive developments for SciSparc. This could lead to a short-term increase in stock price as investors react to the reduced legal risks and potential financial benefits.
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