Company: NDRA
Filing Date: 2025-11-26
Form Type: 424B4
Source: 0001213900-25-115097
Chunk: 25

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-11-26
Form: 424B4
Chunk 25
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 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.

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 exchange, although the flaw was subsequently fixed and Coinbase reimbursed
affected customers. Similarly, in November 2022, hackers exploited weaknesses in the security architecture of the FTX Trading digital
asset exchange and reportedly stole over $400 million in digital assets from customers. A successful security breach or cyberattack could
result in:

| ● | a                                                                                                      
 partial or total loss of our cryptocurrency in a manner that may not be covered by insurance           
 or the liability provisions of the custody agreements with the custodians who hold our cryptocurrency; |

| ● | harm                         
 to our reputation and brand; |

| ● | improper                                                                        
 disclosure of data and violations of applicable data privacy and other laws; or |

| ● | significant                                                                                     
 regulatory scrutiny, investigations, fines, penalties