Company: NDRA
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001213900-25-103705
Chunk: 8

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-30
Form: 424B5
Chunk 8
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 our holdings in one to five decentralized finance digital assets, including HYPE and other blockchain-linked cyptocurrencies.
We will continue to monitor market conditions in determining whether to engage in financings to purchase additional cryptocurrency. This
overall strategy also contemplates that we may (i) periodically sell cryptocurrency for general corporate purposes, including to
generate cash for treasury management (which may include debt repayment, if appropriate at such time), for acquisitions, or for strategies
that generate tax benefits in accordance with applicable law, (ii) enter into additional capital raising transactions that are collateralized
by our cryptocurrency holdings, and (iii) pursue strategies to create income streams or otherwise generate funds using our cryptocurrency
holdings (for example, generating premium income by selling call options related to cryptocurrencies).

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Digital Asset Advisory Board

In connection with the Company’s DAT strategy,
the Company formed a Digital Asset Advisory Board to assist it in developing and managing its cryptocurrency strategy. In connection with
the Private Placement (as defined below), the Company appointed Jeff Dorman, Chief Investment Officer of Arca Investment Management, LLC,
a limited liability company (“Arca”), to its Digital Asset Advisory Board. The Digital Asset Advisory Board currently
consists of Mr. Dorman and Rayne Steinberg.

Asset Manager

In connection with the Company’s DAT strategy,
the Company entered into an Amended and Restated Investment Management Agreement (the “Investment Management Agreement”) with
Arca, pursuant to which the Company engaged Arca to provide active asset management services in accordance with the investment strategy
and investment objectives, policies, guidelines and restrictions as agreed to from time to time by the Company and Arca.

Arca will have discretion to manage funds allocated
to the Company’s DAT strategy, focusing on decentralized finance, including, without limitation, by purchasing one to five decentralized
finance digital assets, beginning with HYPE, directly or indirectly through the use of derivative instruments.

The Investment Management Agreement may be terminated
by either the Company or Arca upon not more than sixty (60) days’ but not less than thirty (30) days’ written notice to the
other party.

Custody

The Company plans to hold substantially all of
its DAT assets in custody accounts at Anchorage Digital Bank, N.A. (“Anchorage”), a U.S.-based, institutional-grade custodian.
As the Company develops its DAT strategy, it may expand its holdings to multiple similar custodians. In connection with its DAT