Company: NDRA
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001213900-25-103705
Chunk: 28

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-30
Form: 424B5
Chunk 28
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 impacted.

Cryptocurrencies do not pay interest or dividends.

Cryptocurrencies do not pay interest or other
returns and we can only generate cash from our cryptocurrency holdings if we sell our cryptocurrency or implement strategies to create
income streams or otherwise generate cash by using our cryptocurrency holdings. Even if we pursue any such strategies, we may be unable
to create income streams or otherwise generate cash from our cryptocurrency holdings, and any such strategies may subject us to additional
risks.

We are not subject to legal and regulatory obligations that apply to investment companies such as mutual funds and exchange-traded funds, or to obligations applicable to investment advisers.

Mutual funds, exchange-traded funds and their
directors and management are subject to extensive regulation as “investment companies” and “investment advisers”
under U.S. federal and state law; this regulation is intended for the benefit and protection of investors. We are not subject to, and
do not otherwise voluntarily comply with, these laws and regulations. This means, among other things, that the execution of or changes
to our cryptocurrency treasury strategy, our use of leverage, the manner in which our cryptocurrency is intended to be custodied, our
ability to engage in transactions with affiliated parties and our operating and investment activities generally are not subject to the
extensive legal and regulatory requirements and prohibitions that apply to investment companies and investment advisers. Consequently,
our board of directors has broad discretion over the investment, leverage and cash management policies it authorizes, whether in respect
of our cryptocurrency holdings or other activities we may pursue, and has the power to change our current policies, including our strategy
of acquiring and holding cryptocurrency. See “Use of Proceeds.”

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If we or our third-party service providers experience a security breach or cyberattack and unauthorized parties obtain access to our cryptocurrency, or if our private keys are lost or destroyed, or other similar circumstances or events occur, we may lose some or all of our cryptocurrency and our financial condition and results of operations could be materially adversely affected.

Security breaches and cyberattacks are of particular
concern with respect to cryptocurrency. Blockchain-based cryptocurrencies and the entities that provide services to participants in the
cryptocurrency ecosystem have been, and may in the future be, subject to security breaches, cyberattacks, or other malicious activities.
For example, in October 2021, it was reported that hackers exploited a flaw in the account recovery process and stole from the accounts
of at least 6,000 customers of the Coinbase