ENDRA Life Sciences (NASDAQ:NDRA) stock is up on Monday after the clinical diagnostic ultrasound technology company revealed an investment from S.H.N. Financial Investments Ltd.
In a filing with the Securities and Exchange Commission (SEC), ENDRA Life Sciences notes that S.H.N. Financial Investments Ltd now holds a 9.99% stake in the company. 1.2 million shares bought by the investor.
On top of that, S.H.N. Financial Investments Ltd also owns pre-funded warrants for another 6,721,648 shares. These are exercisable in 60 days. However, the firm is limited to a 9.99% stake in NDRA stock.
Additionally, this doesn’t include the 4,364,506 shares available upon the exercise of other pre-funded warrants. It also doesn’t cover the 12,286,154 Series A Warrants and 12,286,154 Series B Warrants held by S.H.N. Financial Investments Ltd.
ENDRA Life Sciences also notes that this stake was taken without any intent to enact change at the company. That includes “changing or influencing the control of the Issuer, or in connection with or as a participant in any transaction having that purpose or effect.”
NDRA Stock Movement Today
NDRA stock is seeing heavy trading on Monday morning. That has more than 52 million shares traded as of this writing. This is well above its daily average trading volume of about 12.2 million shares.
NDRA stock is up 35.8% as of Monday morning. However, the shares are down 93.5% year-to-date as of Friday’s close.
Investors will want to stick around for breakdowns of all the latest stock market stories today!
We have all of the hottest stock market news that investors need to know about on Monday! Among that is what has shares of Scinai Immunotherapeutics (NASDAQ:SCNI) stock stock up, the biggest pre-market stock movers and more. All of this info is ready to go at the following links!
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
