Company: NDRA
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001213900-25-103705
Chunk: 56

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-10-30
Form: 424B5
Chunk 56
---
 discussions above under “—Senior Debt” and “—Subordinated Debt” for a more detailed
explanation of our senior and subordinated indebtedness.

Interest Rate

Debt securities that bear interest will do so
at a fixed rate or a variable rate. We may sell, at a discount below the stated principal amount, any debt securities which bear no interest
or which bear interest at a rate that at the time of issuance is below the prevailing market rate. The relevant prospectus supplement
will describe the special United States federal income tax considerations applicable to:

| ● | any discounted debt securities; and |

| ● | any debt securities issued at par which are treated as having been issued at a discount for United States federal income tax purposes. |

Registered Global Securities

We may issue registered debt securities of a series
in the form of one or more fully registered global securities. We will deposit the registered global security with a depository or with
a nominee for a depository identified in the prospectus supplement relating to such series. The global security or global securities will
represent and will be in a denomination or aggregate denominations equal to the portion of the aggregate principal amount of outstanding
registered debt securities of the series to be represented by the registered global security or securities. Unless it is exchanged in
whole or in part for debt securities in definitive registered form, a registered global security may not be transferred, except as a whole
in three cases:

| ● | by the depository for the registered global security to a nominee of the depository; |

| ● | by a nominee of the depository to the depository or another nominee of the depository; and |

| ● | by the depository or any nominee to a successor of the depository or a nominee of the successor. |

The prospectus supplement relating to a series
of debt securities will describe the specific terms of the depository arrangement concerning any portion of that series of debt securities
to be represented by a registered global security. We anticipate that the following provisions will generally apply to all depository
arrangements.

Upon the issuance of a registered global security,
the depository will credit, on its book-entry registration and transfer system, the principal amounts of the debt securities represented
by the registered global security to the accounts of persons that have accounts with the depository. These persons are referred to as
“participants.” Any underwriters, agents or dealers participating in the distribution of debt securities represented by the
registered global security will designate the accounts to be credited. Only