Company: NDRA
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001213900-25-103705
Chunk: 31

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-30
Form: 424B5
Chunk 31
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 or regulatory interventions that diminish confidence in the networks or impair their functionality could lead to a material
decline in their market prices, which could materially and adversely impact our business, financial condition and results of operations.
A sustained or significant decrease in the price or liquidity of cryptocurrencies, whether due to 51% attacks, forks, hacks, network disruptions,
or other adverse events, could negatively impact our business, financial condition, and results of operations. Furthermore, even the perception
that any of these events could occur may lead to significant market volatility and price declines, adversely affecting our business, financial
condition and results of operations.

Our custodially-held cryptocurrencies may become part of the custodian’s insolvency estate if one or more of our custodians enters bankruptcy, receivership or similar insolvency proceedings.

We plan to hold substantially all of our cryptocurrency
in custody accounts at a U.S.-based, institutional-grade custodian that has demonstrated a record of regulatory compliance and information
security. As we further execute on our strategy, we intend to expand our holdings to multiple similar custodians.

If our custodially-held cryptocurrencies are considered
to be the property of our custodians’ estates in the event that any such custodians were to enter bankruptcy, receivership or similar
insolvency proceedings, we could be treated as a general unsecured creditor of such custodians, inhibiting our ability to exercise ownership
rights with respect to such cryptocurrencies and this may ultimately result in the loss of the value related to some or all of such assets.
A series of recent high-profile bankruptcies, closures, liquidations, regulatory enforcement actions and other events relating to companies
operating in the digital asset industry, the closure or liquidation of certain financial institutions that provided lending and other
services to the digital assets industry, and the filing and subsequent settlement of a civil fraud lawsuit have highlighted the counterparty
risks applicable to owning and transacting in digital assets. These bankruptcies, closures, liquidations and other events have likely
negatively impacted the adoption rate and use of cryptocurrencies. Additional bankruptcies, closures, liquidations, regulatory enforcement
actions or other events involving participants in the digital assets industry in the future may further negatively impact the adoption
rate, price, and use of cryptocurrencies, limit the availability to us of financing collateralized by such assets, or create or expose
additional counterparty risks. Any loss associated with such insolvency proceedings is unlikely to be covered by any insurance coverage
we maintain related to our cryptocurrencies.