Company: NDRA
Filing Date: 2025-05-09
Form Type: DRS
Source: 0001654954-25-005304
Chunk: 23

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-05-09
Form: DRS
Chunk 23
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 Share |     | Total Without Option |     | Total With Option |
|:--------------------------------------------------------------------------------|:----|:--------------------------|:----|:---------------------|:----|:------------------|
| Public offering price                                                           |     | $                         |     | $                    |     | $                 |
| Underwriting discounts and commissions payable by us, before expenses, to us(1) |     | $                         |     | $                    |     | $                 |
| Proceeds, before expenses, to us                                                |     | $                         |     | $                    |     | $                 |

(1) The underwriting discount is % of the gross proceeds received from the sale of securities to all purchasers in the offering.

Over-Allotment Option

In addition to the discount set forth in the above table, we have granted the Underwriter a [30-day] option to purchase from us up to an additional shares of common stock, at $ per share, less the underwriting discount and commissions. If the Underwriter exercises this option in full, the total underwriting discounts and commissions payable will be $ and the total proceeds to us, before expenses, will be $ . The Underwriter may exercise the option solely to cover over-allotments, if any, made in connection with this offering. If any additional shares of our common stock are purchased pursuant to the over-allotment option, the Underwriter will offer these additional shares of our common stock on the same terms as those on which the other shares of common stock are being offered hereby.

Indemnification

We have agreed to indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the Underwriter may be required to make because of any of those liabilities.

| 21 |

<div align='center'>CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO 17 C.F.R. § 200.83</div>

Other Relationships

The Underwriter is a full-service financial institution engaged in various activities, which may include securities trading, commercial and investment banking, financial advisory, investment management, principal investment, hedging, financing and brokerage activities. The Underwriter and its affiliates may, from time to time, engage in transactions with and perform services for us in the ordinary course of its business for which it may receive customary fees and reimbursement of expenses. In the ordinary course of its various business activities, the Underwriter and its affiliates may make or hold a broad array of investments and actively trade debt and equity securities (