secwatch.observer — SEC 8-K summary
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Issuer:     Glucotrack, Inc. (GCTK)
CIK:        0001506983
Form:       8-K
Filed at:   2026-09-11T21:20:19+00:00
Accession:  0001493152-26-042428
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506983/000149315226042428/0001493152-26-042428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506983/000149315226042428/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-042428

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer