SciSparc's NeuroThera Labs To Acquire 55% Stake In Israeli Quantum Bio Data Company, Issuing Shares Equal To 40% of NeuroThera's Capital; No Financial Terms Disclosed

SciSparc Ltd. (NASDAQ:SPRC) ("Company" or "SciSparc"), today announced that NeuroThera Labs Inc. (TSXV:NTLX) ("NeuroThera"), a clinical-stage pharmaceutical company focused on developing novel treatments for central nervous system disorders, in which SciSparc holds a controlling interest of approximately 75%, has entered into a non-binding term sheet (the "Term Sheet") with an Israeli-based pioneering quantum computing bio data company focused on quantum-enabled clinical analytics (the "Target Company"). Pursuant to the Term Sheet, NeuroThera will acquire a 55% equity interest in the Target Company from certain selling shareholders of the Target Company (the "Selling Shareholders"), calculated on a post transaction fully diluted basis, in consideration for the issuance to the Selling Shareholders of that amount of common shares, no par value per share, of NeuroThera equal to 40% of NeuroThera's share capital, calculated on a non-diluted  basis (the "Acquisition").