SciSparc Extends $2 Million Loan to Support AutoMax's Growth Following AutoMax's Entry into Direct Import of JAC Electric Vehicles
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SciSparc Ltd. has extended a $2 million loan to AutoMax Motors to support its growth following AutoMax's entry into the direct import of JAC electric vehicles. This loan is in addition to previous loans totaling $4.25 million, related to a merger agreement between the companies.
February 27, 2025 | 2:00 pm
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SciSparc Ltd. has provided a $2 million loan to AutoMax Motors to aid its expansion into importing JAC electric vehicles. This is part of a larger financial commitment related to a merger agreement.
The loan extension indicates SciSparc's commitment to its merger agreement with AutoMax and supports AutoMax's strategic growth in the electric vehicle market. This could positively impact SciSparc's stock as it strengthens its partnership and potential future revenues.
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