Certain Warrants of ENDRA Life Sciences Inc. are subject to a Lock-Up Agreement Ending on 27-JUL-2023.
July 26, 2023
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Certain Warrants of ENDRA Life Sciences Inc. are subject to a Lock-Up Agreement Ending on 27-JUL-2023. These Warrants will be under lockup for 90 days starting from 28-APR-2023 to 27-JUL-2023.
Details:
Officers, directors and certain holders of more than 5.0% of outstanding shares of common stock have agreed that, for a period of 90 days from the date of this prospectus, they will not, subject to certain exceptions, offer, pledge, sell, contract to sell, sell any option, right or warrant to purchase, lend or otherwise transfer or dispose, directly or indirectly, any shares of capital stock or any securities convertible into or exercisable or exchangeable for shares of capital stock without the prior written consent of Newbridge.
ENDRA Life Sciences Inc. is developing an enhanced ultrasound technology platform - Thermo Acoustic Enhanced Ultrasound (TAEUS), a technology which characterizes tissue similar to a magnetic resonance imaging (MRI). The Company's TAEUS technology uses radio frequency (RF) pulses to stimulate tissues, using a small fraction (less than 1%) of the amount of energy that would be transmitted into the body during an MRI scan. The use of RF energy allows its TAEUS technology to penetrate deep into tissue, enabling the imaging of human anatomy at depths equivalent to those of conventional ultrasound. The RF pulses are absorbed by tissue and converted into ultrasound signals. TAEUS is initially focused on the measurement of fat in the liver as a means to assess and monitor steatotic liver disease (SLD), a chronic liver disease spectrum. It is exploring several other clinical applications of TAEUS, including visualization of tissue temperature during energy-based surgical procedures.
Certain Warrants of ENDRA Life Sciences Inc. are subject to a Lock-Up Agreement Ending on 27-JUL-2023.
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