---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-013290"
form_type: "8-K"
ticker: "GCTK"
cik: "0001506983"
company_name: "Glucotrack, Inc."
filed_at: "2025-09-12T23:59:59+00:00"
generated_at: "2026-05-17T06:44:14.487574+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Glucotrack issues $3.6M convertible note at $3M price; ELOC proceeds to repay

## Summary
- Issued $3.6M convertible promissory note for $3M purchase price ($600K OID), no interest, due in 12 months or upon Qualified Financing.
- Conversion price floor of $4.87/share; converts into equity of next financing raising ≥$5M.
- Simultaneously entered $20M ELOC with Sixth Borough Capital; 100% of ELOC net proceeds repay note pre-stockholder approval, 50% post.
- Note is unsecured, no restrictive covenants; standard events of default include bankruptcy.

## SEC filing metadata
- accession: 0001493152-25-013290
- form_type: 8-K
- ticker: GCTK
- cik: 0001506983
- company_name: Glucotrack, Inc.
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506983/000149315225013290/0001493152-25-013290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506983/000149315225013290/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-013290
- JSON: https://secwatch.observer/filing/0001493152-25-013290.json
- Plain text: https://secwatch.observer/filing/0001493152-25-013290.txt

## Key facts
- Debt Financings
  Glucotrack, Inc. incurred convertible notes of $3,600,000 at no interest maturing twelve (12) month anniversary of the Issue Date, or the date of closing of a Qualified Financing.
  - Instrument: convertible notes
  - Principal: $3,600,000
  - Rate: no interest
  - Maturity: twelve (12) month anniversary of the Issue Date, or the date of closing of a Qualified Financing
  - Event: incurrence
  source text: On September 12, 2025 (the “ Issue Date ”), Glucotrack, Inc. (the “ Company ”) entered into a Note Purchase Agreement (the “ Note Purchase Agreement ”), with an investor (the “ Investor ”), pursuant to which the Company issued a Convertible Promissory Note (the “ Note ”) to the Investor in the principal amount of $3,600,000 for a purchase price of $3,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506983/000149315225013290/0001493152-25-013290-index.htm
- Equity Issuances
  Glucotrack, Inc. issued $3,600,000 principal amount of convertible note to the Investor for $3,000,000 purchase price.
  - Security: convertible note
  - Shares: $3,600,000 principal amount
  - Purchaser: the Investor
  - Consideration: $3,000,000 purchase price
  source text: On September 12, 2025 (the “ Issue Date ”), Glucotrack, Inc. (the “ Company ”) entered into a Note Purchase Agreement (the “ Note Purchase Agreement ”), with an investor (the “ Investor ”), pursuant to which the Company issued a Convertible Promissory Note (the “ Note ”) to the Investor in the principal amount of $3,600,000 for a purchase price of $3,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506983/000149315225013290/0001493152-25-013290-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.