debt
confidence high
sentiment neutral
materiality 0.50
Glucotrack enters exchange agreement to convert $900K promissory note into common stock
Glucotrack, Inc.
- Partitioned $900K note from existing $3.6M promissory note; balance of original note reduced accordingly.
- Exchange shares to be issued at Minimum Price (lower of July 24 closing or 5-day average); delivery by Aug 31, 2026.
- Exchange under Section 3(a)(9) of Securities Act; no additional cash consideration or commissions paid.
- Beneficial ownership limitation of 9.99% applies; shares may be issued in tranches if needed.