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GlucoTrack ( (GCTK) ) just unveiled an announcement.
On September 12, 2025, GlucoTrack, Inc. entered into a Note Purchase Agreement with an investor, issuing a Convertible Promissory Note valued at $3,600,000 for a purchase price of $3,000,000. This note, bearing no interest and having an original issue discount of $600,000, is unsecured and ranks equally with the company’s existing and future unsecured debts. The company also has an equity line of credit agreement with Sixth Borough Capital Fund, LP, allowing it to sell up to $20 million of its common stock, with proceeds directed towards repaying the note. The note can be converted into equity securities upon the occurrence of a Qualified Financing, and certain events of default could trigger immediate repayment demands.
Spark’s Take on GCTK Stock
According to Spark, TipRanks’ AI Analyst, GCTK is a Underperform.
GlucoTrack’s overall stock score is significantly impacted by its poor financial performance, characterized by a lack of revenue and negative equity. However, positive corporate events, including strategic partnerships and clinical advancements, provide some optimism. The technical analysis and valuation further emphasize the company’s current challenges, with bearish trends and poor valuation metrics. While speculative interest might arise from recent developments, the stock remains under pressure due to financial instability.
To see Spark’s full report on GCTK stock, click here.
More about GlucoTrack
Average Trading Volume: 1,055,703
Technical Sentiment Signal: Strong Sell
Current Market Cap: $4.38M
For detailed information about GCTK stock, go to TipRanks’ Stock Analysis page.