GlucoTrack enters exchange deal on $900,000 promissory note with investor
GCTK•Exchange agreement on promissory note
GlucoTrack entered an exchange agreement on July 22, 2026 with an investor tied to an existing promissory note.
- Carved out a new $900,000 promissory note from the existing note, reducing the remaining balance on the original instrument.
- Investor can exchange the partitioned note into common stock at a price set by recent Nasdaq closing prices.
- Conversions are capped by a 9.99% beneficial ownership limit, which could force issuance in tranches.
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