secwatch.observer — SEC 8-K summary
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Issuer:     Glucotrack, Inc. (GCTK)
CIK:        0001506983
Form:       8-K
Filed at:   2026-10-22T21:29:23+00:00
Accession:  0001493152-26-048139
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Glucotrack raises $2M via 22% OID secured convertible notes and sets 1-for-2 reverse split
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- Issued $2.56M principal of 8% senior secured convertible notes due 9 months for $2.0M cash, a 22% original issue discount; default rate 18%.
- Notes convert at lower of $0.6390 or 80% of 15-day VWAP, floor 20% of Nasdaq Minimum Price; exchange cap 19.99% pending stockholder approval.
- Issued warrants for 8,025,360 shares at $1.5975, exercisable 5 years; Dawson James got 7% cash fee, 160,508 warrants at 125% of conversion price, up to $50K expenses.
- 1-for-2 reverse split effective Oct 26, 2026; outstanding shares fall from 2,368,237 to about 1,184,119; new CUSIP 45824Q879.
- Reverse split aims to regain Nasdaq $1.00 bid compliance by Nov 9, 2026, after prior 1-for-15 split on Aug 28, 2026; delisting possible if terms not met.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506983/000149315226048139/0001493152-26-048139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506983/000149315226048139/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-048139

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