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ENDRA Life Sciences plans to raise $14.4 million through a stock offering to support its digital asset treasury.
PANews October 13 news, according to Businesswire, Nasdaq-listed company ENDRA Life Sciences announced that it has signed a securities purchase agreement, with investors agreeing to subscribe for 744,340 shares of common stock and accompanying warrants to purchase up to 1,488,680 shares of common stock. If all warrants are fully exercised, the company will raise $14.4 million to support its digital asset treasury. ENDRA Life Sciences previously disclosed that it will implement a revenue generation strategy based on Bitcoin.