ENDRA closes $4.9M PIPE, buys $3M in HYPE tokens, launches crypto treasury strategy

ENDRA Life Sciences Inc.

Gross proceeds of $4.9M from PIPE; potential additional $9.5M from warrant exercises.
Purchased 78,863.1 HYPE tokens valued at ~$3M as of October 21, 2025 to start digital asset treasury.
Engaged Arca Investment Management as asset manager; Jeff Dorman appointed to Digital Asset Advisory Board.
Custody of digital assets with Anchorage Digital Bank under a Master Custody Service Agreement.
Risk factors highlight potential classification as an investment company under the 1940 Act.

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