Small Cap Insights: Unveiling Future Opportunities (SPRC, RELI, XYLO, JAGX, ANTX)

Analyzing a select group of five unique small-cap companies for the coming week requires a focus on upcoming catalysts, identifying breakout potentials, and recognizing resistance areas. Key strategies include anticipating upward trends and pinpointing critical entry points. Exercising patience is crucial to mitigate risks and navigate potential market downturns while awaiting confirmation through significant breakout levels.

SciSparc Ltd. (NASDAQ: SPRC) - SciSparc Ltd. shares fell 6% last week, closing at $0.75. In April, the company announced a Merger Agreement with AutoMax Motors Ltd., an Israeli vehicle importer, and SciSparc Merger Sub Ltd., a wholly-owned subsidiary of SciSparc. Under this agreement, subject to shareholder approval from both companies, Merger Sub will merge into AutoMax, making AutoMax a wholly-owned subsidiary of SciSparc. Both companies will continue their operations independently until the merger is finalized. After the merger, SciSparc plans to continue its pharmaceutical business alongside AutoMax's operations. In a June filing, SciSparc stated that at the closing date of the merger, its net cash should be no less than $4,250,000, adjusted for any loans between the parties. The company aims to finalize the transaction by the third quarter of 2024. As we await additional updates from the company, we will be watching for a potential resistance break in the $0.80-$0.81 range.

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Reliance Global Group Inc. (NASDAQ: RELI) - Reliance Global Group Inc. shares declined nearly 3% last week, closing at $3.79. In June, the company provided an update on its pending acquisition of Spetner Associates. Ezra Beyman, Chairman and CEO of Reliance Global Group, expressed enthusiasm, stating, "The anticipated impact of the Spetner Associates acquisition is surpassing our initial expectations. Spetner's BenManage voluntary benefit insurance segment has grown significantly, now covering 85,000 employees—up from 45,000 when the acquisition was first announced. Despite the time taken for the transaction and due diligence, we are thrilled about the continued growth in the underlying business. This is expected to be the largest acquisition in the company's history and is projected to double our annual revenues to approximately $28 million." The company expects the acquisition to close in the second half of 2024. At the beginning of this month, Reliance announced the formation of a new real estate division, leveraging Ezra Beyman's extensive experience in building the third-largest mortgage brokerage in the nation and accumulating a multi-billion-dollar portfolio of multi-family properties. Beyman commented, "We are excited to launch a new division within Reliance dedicated to the acquisition and development of multi-family and commercial real estate properties. This new division, set to launch after the Spetner acquisition closes, aligns perfectly with our strategy focused on accretive and cash flow positive acquisitions." As we await further updates from the company, we will be watching for a potential resistance break around the $3.95 area.

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Xylo Technologies Ltd (NASDAQ: XYLO) - Xylo Technologies Ltd shares rose 3% last week, closing at $1.80. At the end of May, the company announced that Metagramm Software Ltd. ("Metagramm"), which is 19.99% owned by Xylo, successfully completed the development of Bubbl. This advanced writing tool leverages Machine Learning, Natural Language Processing (NLP), Artificial Intelligence (AI), and Deep Learning technologies. Bubbl offers an innovative document writing and rewriting solution that tailors content to the user's unique expression style, unlike many AI tools that often produce machine-like results. Users can also request translations and edits into other languages. Metagramm plans to launch the first version for selected users in the third quarter of 2024. In early June, Xylo announced that Gix Internet Ltd. ("Gix"), which is 45.75% owned by Xylo, signed a non-binding memorandum of understanding (MOU) with the shareholders of a robotics company specializing in AI autonomous robotics solutions for logistics distributions in certain medical centers ("Robotics Company"). According to the MOU and subject to customary closing conditions in the forthcoming definitive agreement, the Robotics Company shareholders will transfer all their shares to Gix in exchange for 30% of the issued and outstanding ordinary shares of Gix. They will also have the option to increase their holdings to 37.5% and 45% upon the completion of two separate commercial milestones. As we await additional updates from the company, we will be watching for a potential resistance break at $1.87.

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Jaguar Health, Inc (NASDAQ: JAGX) - Jaguar Health, Inc shares rose 2% last week, closing at $3.59. In May, the company announced its expansion into the cancer supportive care market at the American Society of Clinical Oncology (ASCO) Annual Meeting. Jaguar, through its subsidiary Napo Pharmaceuticals (Napo), showcased Gelclair®, an FDA-approved oral mucositis prescription product that Jaguar recently in-licensed for the U.S. market. Jaguar plans to commence the commercial launch of Gelclair in Q3 2024. "Oral mucositis is one of the most common, painful, and debilitating side effects of cancer treatment. Gelclair is a protective gel with a mechanical action that manages and relieves pain by adhering to the mucosal surface of the mouth, soothing oral lesions caused by various conditions, including oral mucositis/stomatitis. Unlike other products, it is not a numbing agent and does not sting the mouth," said Lisa Conte, Jaguar's president and CEO. In June, the company announced it would hold an investor webcast on or before July 23, 2024, to present the results of its pivotal phase 3 OnTarget trial of crofelemer for the prophylaxis of diarrhea in adult cancer patients with solid tumors receiving targeted therapy, with or without standard chemotherapy. The webcast will provide updates on Jaguar's advancing cancer supportive care portfolio and feature members of Jaguar's scientific team, patient advocates, and leading oncology experts discussing CTD and oral mucositis, two of the most common and intolerable side effects of cancer therapy. As we await additional updates from the company, we will be watching for a potential resistance break at $3.70.

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AN2 Therapeutics, Inc. (NASDAQ: ANTX) - AN2 Therapeutics, Inc. shares fell nearly 3% last week, closing at $2.63. In a recent press release in May, the company reported its First Quarter 2024 Financial Results and Recent Business and Scientific Highlights. The company expects to announce topline data from the Phase 2 part of their trial in August 2024. The continuation of enrollment in the Phase 3 part of the study will be decided after reviewing the unblinded Phase 2 data and discussions with the FDA. "The Phase 2 topline data, expected in August, will include the first clinical efficacy data for epetraborole in patients with treatment-refractory MAC. The patients enrolled in EBO-301 are highly refractory with limited to no treatment options, and the available background regimens provide little to no benefit," said Eric Easom, Co-Founder, President, and Chief Executive Officer. "We hope the data will demonstrate that epetraborole, in addition to background therapy, will benefit these toughest-to-treat patients. The Phase 2 data package will be critical in informing the path forward for epetraborole in patients with treatment-refractory MAC." As we await further updates from the company, we will be watching for support to hold around $2.35 and a potential resistance break at $2.75.

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