ENDRA Life Sciences, a Nasdaq-listed company, has announced a securities purchase agreement to raise $14.4 million through a rights offering. The agreement involves the subscription of 744,340 shares of common stock and warrants for an additional 1,488,680 shares. If all warrants are exercised, the total funds raised will support the company's digital asset treasury. This move aligns with ENDRA's previously disclosed strategy to implement a Bitcoin-based revenue-generating approach.
ENDRA Life Sciences to Raise $14.4 Million for Digital Asset Treasury
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.