GlucoTrack entered into an Exchange Agreement with an investor to create a $900,000 partitioned promissory note from an existing note and permit exchanges of the new note into common stock. Exchange shares will be issued at the lower of the prior day’s Nasdaq Official Closing Price or the five-day average, subject to a 9.99% beneficial ownership cap. The Original Note’s balance was reduced by the partition amount, and the remainder stays outstanding under existing terms. The move provides flexibility to reduce debt through equity at prevailing market prices.
Agreement details:
- Agreement type: Exchange Agreement for partitioned promissory note allowing stock-for-debt exchanges
- Counterparty: Investor
- Signed / Effective: Jul 22 2026 / Jul 22 2026
- Duration / Termination: At will
- Reason: Enhance liquidity and reduce debt via equity exchanges
Original SEC Filing:
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