STOCK TITAN

Endovia secures $1M minimum investment commitment

The note matures September 18, 2027, and is subject to mandatory prepayments of 30% of gross proceeds from securities issued under the equity line.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Endovia Health Sciences, Inc. entered into a letter agreement with C/M Capital Master Fund, LP, which committed to invest a minimum of $1 million to support CannEpil regulatory advancement, clinical development planning and commercialization. Endovia closed an initial investment of $510,000 in exchange for a secured convertible note with $576,271 principal, including a $66,271 original issue discount. The note converts at the lower of $1.75 per share or $0.01 above the closing sale price on the conversion date.

The note matures on September 18, 2027, carries no interest except upon default, when interest accrues at 7% per annum, and may be prepaid without premium or penalty. It is also subject to mandatory prepayments of 30% of gross proceeds received from securities issued under the September 19, 2025 equity line of credit facility. From August 31, 2026 through September 23, 2026, Endovia issued 3,629,250 common shares to the investor under that facility for $808,829.42 in gross proceeds.

Positive

  • None.

Negative

  • None.

Filing Explained

The 3,629,250 ELOC shares were already issued, and the filing says investor resales of those shares were registered on an S-1 effective August 24, 2026; registration alone does not establish that any shares were resold or newly issued by Endovia.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Minimum investment commitment $1 million Under the letter agreement
Initial investment gross proceeds $510,000 Closed in exchange for the note
Note principal $576,271 Secured convertible promissory note
Original issue discount $66,271 On the secured convertible promissory note
Conversion price alternative $1.75 per share The lower of this amount or $0.01 above the closing sale price on the conversion date
Conversion price alternative $0.01 above the closing sale price On the conversion date; the lower of this amount or $1.75 per share
Common shares issued 3,629,250 shares Under the equity line from August 31, 2026 through September 23, 2026
Equity line gross proceeds $808,829.42 From common shares issued from August 31, 2026 through September 23, 2026
original issue discount financial
"an original issue discount of $66,271"
Original issue discount (OID) is the difference between a debt security’s face value and the lower price at which it is first sold, treated as additional interest that accrues over the life of the instrument. For investors it matters because OID raises the effective yield and changes taxable income and the holding’s cost basis over time — think of buying a $100 voucher for $90 and recognizing the $10 gain as earned interest as the voucher approaches maturity.
secured convertible promissory note financial
"in exchange for a secured convertible promissory note"
conversion price financial
"The Note is convertible into shares"
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
mandatory prepayments financial
"the Note is subject to mandatory prepayments of 30%"
equity line of credit facility financial
"establishing an equity line of credit facility"
An equity line of credit facility is a financing agreement that lets a company raise cash on demand by issuing new shares to a lender or investor as draws are made, similar to a credit card that’s paid by giving up a small portion of ownership instead of cash. It matters to investors because it provides flexible cash when needed but increases the number of shares outstanding, which can dilute existing ownership and affect the stock price.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did EDVA receive under the convertible note agreement?

Endovia closed an initial investment of $510,000 from C/M Capital Master Fund, LP in exchange for a note with $576,271 principal and a $66,271 original issue discount. The investor committed to invest a minimum of $1 million under the letter agreement.

How many shares did EDVA issue under its equity line?

From August 31, 2026 through September 23, 2026, Endovia sold and issued 3,629,250 common shares to C/M Capital Master Fund, LP under the equity line of credit agreement for total gross proceeds of $808,829.42.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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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 18, 2026

 

ENDOVIA HEALTH SCIENCES, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-40471   34-1720075

(State or other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1112 N. Flagler Drive

Fort Lauderdale, Florida

  33304
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (954) 648-7238

 

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:

 

☐ 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))

 

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. ☐

 

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, $0.001 par value   EDVA   NYSE American LLC

 

 

  

Item 1.01 Entry into a Material Definitive Agreement.

 

On September 18, 2026, Endovia Health Sciences, a Nevada corporation (the “Company”) entered into an agreement (the “Letter Agreement”) with C/M Capital Master Fund, LP (the “Investor”) pursuant to which the Investor as a counterparty to that certain Exclusive License Agreement dated July 2, 2026, as amended, committed to invest a minimum of $1 million in the Company to support its regulatory advancement, clinical development planning and commercialization of CannEpil® (the “License Agreement”). Pursuant to the Letter Agreement, the Company has closed the Investor’s initial investment of $510,000 in exchange for a secured convertible promissory note (the “Note”). A copy of the License Agreement was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on July 6, 2026.

 

The Note has a principal amount of $576,271, net of an original issue discount of $66,271, in exchange for gross proceeds of $510,000. The Note is convertible into shares of the Company’s Common Stock at a conversion price equal to the lower of (i) $1.75 per share and (ii) $0.01 above the closing sale price on the date of conversion. The Note matures on September 18, 2027, and bears no interest absent an event of default, whereupon interest accrues at a rate of 7% per annum. The Company may prepay the Note at any time and from time to time, in whole or in part, without premium or penalty.

 

In addition, the Note is subject to mandatory prepayments of 30% of from gross proceeds received by the Company from the issuance of securities pursuant to that certain Securities Purchase Agreement dated September 19, 2025 establishing an equity line of credit facility between the Company and the Investor (the “ELOC Agreement”). A copy of the ELOC Agreement was previously filed as Exhibit 10.3 to the Company’s Current Report on Form 8-K filed on September 25, 2025.

 

The foregoing descriptions of the terms of the Letter Agreement and the Note and the transactions contemplated thereby do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, copies of which are incorporated by reference as set forth in Exhibits 4.1 and 10.1 of this Current Report on Form 8-K.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

From August 31, 2026 through September 23, 2026, the Company sold and issued a total of 3,629,250 shares of common stock to the Investor pursuant to the ELOC Agreement for total gross proceeds of $808,829.42. The ELOC Agreement was previously disclosed in the Company’s Current Report on Form 8-K filed on September 25, 2025. To the extent such sales are deemed to be unregistered, the sales were made pursuant to the exemption from registration provided under Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) promulgated thereunder. The Investor’s resales of the shares were registered on the Company’s registration statement on Form S-1 (File No. 333-298112), effective August 24, 2026.

 

 Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit   Description
4.1   Secured Convertible Promissory Note
10.1   Letter Agreement
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

SIGNATURES

 

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.

 

  ENDOVIA HEALTH SCIENCES, INC.
     
Date: September 24, 2026 By: /s/ Brady Cobb
  Name:  Brady Cobb
  Title:  Interim Chief Executive Officer

 

 

Filing Exhibits & Attachments

5 documents

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