Financing ·
Glucotrack closes $4.5M private placement of senior secured convertible notes and exchanges existing debt
GCTKGlucotrack, Inc.
On September 10, 2026, Glucotrack, Inc. closed a private placement of senior secured convertible promissory notes with an aggregate principal amount of $11,596,172.68. The transaction generated gross cash proceeds of $4,500,000 and involved the exchange of approximately $4,545,015 in existing debt. Notes bear 8% annual interest, mature in nine months, and convert at a price equal to the lower of $3.12 or 80% of the 15-day VWAP, subject to a floor. Investors received warrants for 4,831,739 shares exercisable at $7.50 per share for five years. The financing includes registration rights and stockholder approval requirements capped at 19.99% of outstanding shares. Glucotrack operates in the medical device industry, focusing on continuous glucose monitoring systems.