Glucotrack Converts $600K Debt to 895K Shares

Glucotrack, Inc. entered into an Exchange Agreement with an investor to convert a portion of an existing promissory note into common stock. The company partitioned a $600,000 promissory note from a larger $3.6 million note. This $600,000 note was then exchanged for 895,000 shares of Glucotrack's common stock, effectively converting debt into equity. The share issuance is subject to a 19.9% beneficial ownership limitation for the investor.