Glucotrack raises $11.6M convertible notes: $4.5M cash, rollover of existing notes

Glucotrack, Inc.

Issued $11,596,172.68 in senior secured convertible notes: $4.5M cash plus $4,545,014.69 rollover; 22% original issue discount.
Notes bear 8% interest, mature in 9 months; conversion at lower of $3.12 or 80% of 15-day VWAP, with 20% floor.
Investors received warrants to buy 4,831,739 shares at $7.50/share (5-year term); exchange cap 19.99% pending stockholder approval.
Dawson James sold as sole placement agent; 7% cash fee plus 148,668 placement agent warrants (125% of conversion price).
Registration statement due in 10 days; penalty shares $250k per 30-day delay, capped at $1.5M.

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