Form 8-K
8-K — Glucotrack, Inc.
Accession: 0001493152-26-041978
Filed: 2026-09-09
Period: 2026-09-04
CIK: 0001506983
SIC: 3841 (SURGICAL & MEDICAL INSTRUMENTS & APPARATUS)
Item: Entry into a Material Definitive Agreement
Item: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item: Unregistered Sales of Equity Securities
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 4, 2026
GLUCOTRACK,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-41141
98-0668934
(State
or Other Jurisdiction
(Commission
(IRS
Employer
of
Incorporation)
File
Number)
Identification
No.)
301
Rte. 17 North, Ste. 800, Rutherford, NJ
07070
(Address
of principal executive offices)
(Zip
Code)
Registrant’s
telephone number, including area code: (201) 842-7715
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.001 per share
GCTK
The
Nasdaq Stock Market LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §
230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry Into a Material Definitive Agreement.
On
September 4, 2026, Glucotrack, Inc. (the “Company”) entered into a Settlement and Release Agreement (the “Settlement
Agreement”) with Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B (“Alto”), Erik Emerson, RXRR
Capital Partners LLC and Lōkahi Therapeutics, Inc. The Settlement Agreement resolves certain disputes among the parties relating
to indebtedness owed to Alto by Apimeds Pharmaceuticals US, Inc., which Alto asserted had an outstanding principal amount of approximately
$10.9 million, and certain related matters.
Under
the Settlement Agreement, the Company and the other settling parties are jointly and severally obligated to pay Alto (i) an initial payment
of $2.0 million, (ii) an additional $2.0 million pursuant to a convertible promissory note issued by the Company to Alto (the “Note”)
and (iii) up to $125,000 of Alto’s legal fees.
The
Note bears interest at a rate of 5% per annum and is payable in four quarterly installments of $500,000 in principal, together with accrued
and unpaid interest, beginning on November 30, 2026 and ending on August 31, 2027. At Alto’s election, the outstanding principal
amount of the Note is convertible into shares of the Company’s common stock at a conversion price of $2.98 per share, subject to
customary adjustments, a 9.99% beneficial ownership limitation and applicable Nasdaq limitations on share issuances. The Note also provides
for an increased interest rate and acceleration following an event of default.
If
any required payment is not made when due and such failure continues beyond the applicable five-business-day cure period, the unpaid
amounts under the Settlement Agreement and the Note may become immediately due and payable, and Alto will be entitled to exercise the
remedies provided in the Settlement Agreement and related documents. The Settlement Agreement also provides for customary releases and
covenants not to sue, with Alto’s release becoming effective upon payment in full of the amounts required under the Settlement
Agreement and the Note.
The
foregoing descriptions of the Settlement Agreement and Note do not purport to be complete and are qualified in their entirety by reference
to the full text of the Settlement Agreement and Note, which the Company intends to file as exhibits to its next Quarterly Report on
Form 10-Q.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The
disclosure set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
Item 3.02 Unregistered Sales of Equity Securities.
The
information set forth under Item 1.01 of this Current Report on Form 8-K regarding the Note and the shares of the Company’s common
stock issuable upon conversion of the Note is incorporated into this Item 3.02 by reference. The Note was issued, and any shares of common
stock issuable upon conversion of the Note will be issued, in reliance upon the exemption from registration provided by Section 4(a)(2)
of the Securities Act of 1933, as amended.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Glucotrack,
Inc.
Date:
September 9, 2026
By:
/s/
Erik Emerson
Name:
Erik
Emerson
Title:
Chief
Executive Officer
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Entity File Number
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Entity Registrant Name
GLUCOTRACK,
INC.
Entity Central Index Key
0001506983
Entity Tax Identification Number
98-0668934
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
301
Rte. 17 North
Entity Address, Address Line Two
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Entity Address, City or Town
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Entity Address, State or Province
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City Area Code
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Local Phone Number
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