- Pharmaceutical company SciSparc ( NASDAQ: SPRC ) shares were trading ~3% down pre-market on the announcement of a restructuring plan.
- The company said it is planning to pursue a restructuring that involves transferring its pharmaceutical activities to a new unit.
- The company is also set to examine the possibility of listing its new wholly-owned subsidiary on a stock exchange, while maintaining its control interest.
- Also, SPRC said it will explore other potential new opportunities, activities and investments in a variety of sectors.
- Source: Press Release
For further details see:
SciSparc plans to transfer pharmaceutical activities to new unit as part of restructuring