---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-012084"
form_type: "8-K"
ticker: "NDRA"
cik: "0001681682"
company_name: "ENDRA Life Sciences Inc."
filed_at: "2025-10-23T23:59:59+00:00"
generated_at: "2026-05-17T02:31:28.636716+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-25-012084
- form_type: 8-K
- ticker: NDRA
- cik: 0001681682
- company_name: ENDRA Life Sciences Inc.
- filed_at: 2025-10-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681682/000165495425012084/0001654954-25-012084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681682/000165495425012084/endra_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-012084
- JSON: https://secwatch.observer/filing/0001654954-25-012084.json
- Plain text: https://secwatch.observer/filing/0001654954-25-012084.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.