other material
confidence high
sentiment neutral
materiality 0.40
Glucotrack ends variable-floor adjustments on Bridge/September warrants; Bridge Notes repaid Sept 25
Glucotrack, Inc.
- Bridge Warrant Amendment, Amendment No. 2 to Common Warrant and September Warrant Amendment each remove provisions permitting downward adjustment to the Floor Price.
- September Note Amendment (effective Sept 28, 2026 after all holders signed) makes the Floor Price an absolute floor below which no conversion or Conversion Price adjustment may occur.
- September Note Amendment also requires any True-Up Amount make-whole payment to be satisfied only in cash.
- Bridge Notes from the July 14, 2026 securities purchase agreement (joinder Aug 4, 2026) with Bridge Investors were repaid in full on Sept 25, 2026 at the registered direct offering close.
- Bridge Warrant amendments began Sept 22, 2026 and execution remains ongoing; each is effective on execution by the Company and the applicable holder.