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Benzinga
Benzinga
Business
Akanksha Bakshi

ENDRA Life Sciences Gains Momentum With Crypto-Focused Treasury Plan

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ENDRA Life Sciences Inc. (NASDAQ:NDRA) shares jumped after the company announced $4.9 million in funding commitments from institutional and cryptocurrency investors to launch a new digital asset treasury strategy.

The initiative will focus on high-conviction decentralized finance holdings managed by Arca Investment Management LLC. The private placement includes 744,340 shares of common stock, as well as prefunded warrants and additional warrants to purchase up to 1,488,680 shares.

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