GlucoTrack, Inc. announced a private placement of unsecured promissory notes for gross proceeds of $100,000 on July 1, 2024. The notes bear interest rate of 3% per annum and are due and payable in cash on earlier of 12 months from the date of note or the sate company raises third party capital in an amount equal to or in excess of $1,000,000.The company also issue warrants to purchase up to an aggregated of 300,000 shares of the company's common share, par value $0.001 per share. Each warrant has an exercise price of $4.95 per shares.

The warrants are immediately exercisable and have a five-year term. If an event of default occurs, the then-outstanding principal amount of the notes plus any unpaid accrued interest will accelerate and become immediately payable in cash. The notes and the warrants issued pursuant to the purchase agreement were not registered under the Securities Act of 1933, as amended (the ?Securities Act?), and were issued in reliance on the exemption from registration requirements thereof provided by Section 4(a)(2) of the Securities Act