Glucotrack Secures $11.5M Convertible Note Financing
Glucotrack, Inc. (NASDAQ:GCTK) ("Glucotrack" or the "Company") today announced definitive agreements for convertible notes with an aggregate principal amount of approximately $11.5 million, including
Glucotrack raised $11.5 million by borrowing money that can turn into company ownership later. This gives them cash to spend now, but it also means future owners will own a smaller piece of the company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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