Company: NDRA
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001213900-25-103705
Chunk: 7

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-30
Form: 424B5
Chunk 7
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a digital asset treasury (“DAT”) strategy under which the principal holding in its treasury reserve on its balance sheet
will be allocated to cryptocurrency

Digital Asset Treasury Strategy

In 2025, the Company adopted a DAT strategy focused
on cryptocurrency, and specifically a strategy of holding one to five decentralized finance digital assets, beginning with $HYPE, the
native digital asset of the Hyperliquid network (“HYPE”). Additionally, we intend to monitor ongoing developments in the regulatory
environment around cryptocurrencies, including pending federal legislation, and may modify or expand our DAT strategy to the extent we
determine compliant with federal rules and regulations and not giving rise to a requirement that the Company register as an investment
company under the Investment Company Act of 1940, as amended (the “1940 Act”). While HYPE will initially serve as our primary
treasury reserve asset and we are focused on accumulating a long-term position in one to five decentralized finance digital assets, including
HYPE, our existing business operations will continue.

Our Decision to Adopt a DAT Strategy

Our Board of Directors and senior management have
been examining potential uses of cash, including acquisitions of cryptocurrency. After studying various alternatives, we decided that
investing in cryptocurrency is currently the best use of our cash. Cryptocurrency, which are digital assets that are issued by and transmitted
through an open-source protocol, collectively maintained by a peer-to-peer network of decentralized user nodes, will be our principal
treasury holding on an ongoing basis, subject to market conditions and our anticipated cash needs. Specifically, we expect that the majority
of holdings in the Company’s treasury reserve will initially consist of HYPE and other cryptocurrencies that are intrinsically linked
to a blockchain system, and the value of which is derived from or is reasonably expected to be derived from the use of the blockchain
system. As we embark on our new acquisition strategy, our Board of Directors intends to proactively evaluate our use of cash, ensuring
we maintain adequate working capital.

Other than acquiring cryptocurrency with our liquid
assets that exceed working capital requirements, our DAT strategy may also involve issuing debt or equity securities or engaging in other
capital raising transactions with the objective of using the majority of proceeds to purchase cryptocurrency from time to time, subject
to market conditions. We view cryptocurrency as a core holding and expect to accumulate cryptocurrency following this offering. We have
not set any specific target for the amount of cryptocurrency we seek to hold, although under the DAT strategy we have adopted we will
maintain a majority of