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EUDA Health (NASDAQ: EUDA) further cuts warrant exercise terms again

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Form Type
6-K

Rhea-AI Filing Summary

EUDA Health Holdings Limited reports a second amendment to an existing investor warrant originally issued for 2,000,000 ordinary shares for an aggregate purchase price of $100,000. The exercise price, which had already been reduced from $6.00 to $4.00 per share, is now further reduced to $2.00 per share. The minimum Nasdaq closing price required to trigger a Forced Exercise is also lowered from $6.00 to $3.00, subject to conditions including a $1,500,000 cumulative trading volume over five consecutive trading days and the shares being free trading on Nasdaq. The company states that no property or cash consideration was given by the investor for this amendment and will file a new prospectus supplement under its existing Form F-3 registration to reflect the revised warrant terms.

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Insights

EUDA further lowers warrant exercise and Forced Exercise thresholds without new consideration.

EUDA Health and Streeterville Capital amended an existing warrant covering 2,000,000 ordinary shares, cutting the exercise price from $4.00 to $2.00 per share. The conditions for a company-initiated Forced Exercise now require a Nasdaq closing price at or above $3.00 for five consecutive trading days and at least $1,500,000.00 in cumulative dollar trading volume over that period, with the shares free trading and listed.

These changes may make exercising the warrant more economically attractive to the investor and may allow the company to require cash exercises once the trading and liquidity conditions are met. The amendment explicitly states that no property or cash consideration was given by the investor in connection with these revised terms, indicating this is a contractual repricing rather than a new capital inflow event at the time of amendment.

The company plans to file a new prospectus supplement under its Form F-3 registration statement (File No. 333-282723) to update prior prospectus supplements dated December 4, 2025 and December 19, 2025. Future company reports and prospectus updates will provide the context for when, and to what extent, the warrant is actually exercised under the revised pricing and Forced Exercise mechanics.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of January 2026

 

Commission File Number: 001-40678

 

EUDA Health Holdings Limited

(Exact Name of Registrant as Specified in its Charter)

 

60 Kaki Bukit Place, #03-01 Eunos Techpark, Singapore 415979

(Address of Principal Executive Offices and Zip Code)

 

Registrant’s telephone number, including area code: +65 6327 1110

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

As previously disclosed, EUDA Health Holdings Limited (“EUDA” or the “Company”) entered into a securities purchase agreement dated as of November 26, 2025 with an accredited investor (the “Purchaser”) for the purchase of a warrant that was immediately exercisable into 2,000,000 newly-issued ordinary shares (the “Warrant”) for an aggregate purchase price of $100,000. The Warrant was issued and sold on December 4, 2025 pursuant to our prospectus dated November 4, 2024 and a prospectus supplement dated December 4, 2025 (the “Prospectus Supplement”). On December 16, 2025, the Company and the Purchaser entered into a Warrant Amendment to (i) reduce the exercise price of the Warrant from $6.00 per share to $4.00 per share; and (ii) reduce the minimum closing price of the Company’s ordinary shares on Nasdaq required for a Forced Exercise from $7.50 to $6.00. The Company filed a prospectus supplement to reflect these terms on December 19, 2025.

 

On January 13, 2026, the Company and the Purchaser entered into a Second Warrant Amendment pursuant to which parties have agreed to (i) further reduce the exercise price of the Warrant from $4.00 per share to $2.00 per share; and (ii) further reduce the minimum closing price of the Company’s ordinary shares on Nasdaq required for a Forced Exercise from $6.00 to $3.00. Terms used but not defined herein shall have the meanings ascribed to such terms in the Form of Warrant, filed as Exhibit 1.2 to the Current Report on Form 6-K filed on December 4, 2025, and incorporated by reference herein.

 

The Company will file a new prospectus supplement to reflect these new changes to the terms of the Warrant, and to update and supplement certain information included in the Prospectus Supplements filed on each of December 4, 2025 and December 19, 2025. This new prospectus supplement will form a part of the Company’s Registration Statement on Form F-3 (File No. 333-282723), which was filed with the Securities and Exchange Commission on October 18, 2024 and declared effective on November 4, 2024.

 

The foregoing description of the Second Warrant Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of Second Warrant Amendment, a copy of which is filed as Exhibit 1.1 this Current Report, and incorporated by reference herein.

 

This Report on Form 6-K shall not constitute an offer to sell or the solicitation of an offer to buy the ordinary shares (or the Warrant) nor shall there be any sale of the ordinary shares (or the Warrant) in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

 

This Report on Form 6-K is incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-282723) and the prospectus thereof and any prospectus supplements or amendments thereto.

 

Exhibits

 

1.1 Second Warrant Amendment dated as of January 13, 2026

 

 

 

 

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.

 

Dated: January 13, 2026  
   
EUDA Health Holdings Limited  
   
By: /s/ Alfred Lim  
Alfred Lim  
  Chief Executive Officer  

 

 

 

 

Exhibit 1.1

 

SECOND WARRANT AMENDMENT

 

This Second Warrant Amendment (this “Second Amendment”) is entered into as of January 13, 2026 (the “Effective Date”), by and between Streeterville Capital, LLC, a Utah limited liability Company (“Investor”), and EUDA Health Holdings Limited, a British Virgin Islands exempt company (“Company”). Capitalized terms used in this Second Amendment without definition shall have the meanings given to them in the Warrant (as defined below).

 

A. Company issued to Investor a Warrant to Purchase Ordinary Shares on December 4, 2025 (as amended from time to time, the “Warrant”) pursuant to that certain Securities Purchase Agreement by and between Company and Investor dated November 26, 2025 (the “Purchase Agreement”).

 

B. Investor and Company entered into an amendment to the Warrant dated December 16, 2025 (the “First Amendment”).

 

C. Investor and Company have agreed, subject to the terms, amendments, conditions and understandings expressed in this Second Amendment, to reduce the Exercise Price of the Warrant.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1. Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Second Amendment are true and accurate and are hereby incorporated into and made a part of this Second Amendment.

 

2. Exercise Price Reduction. Investor and Company agree that the Exercise Price, as set forth the Definitions in Attachment 1 of the Warrant, as amended by the First Amendment, is hereby reduced from $4.00 to $2.00.

 

3. Replacement of Section 2.1(b). Investor and Company agree that the Section 2.1(b) of the Warrant is hereby deleted and replaced in its entirety with the following:

 

“During the Cash Exercise Period, Company may require Investor to make a cash exercise under this Warrant (a “Forced Exercise”) if each of the following conditions is met: (i) the Closing Trade Price of the Ordinary Shares is at or above $3.00 for five (5) consecutive Trading Days (the “Measurement Period”); (ii) the cumulative dollar trading volume (as reported by Nasdaq) during the Measurement Period (the “Cumulative Volume”) is at least $1,500,000.00; and (iii) the applicable Warrant Shares would be free trading in Investor’s brokerage account upon delivery and eligible for immediate resale by Investor, and the Ordinary Shares must be trading on Nasdaq (free of any halts, chills, suspensions, etc.). The number of Warrant Shares that Company may require Investor to purchase pursuant to a Forced Exercise will be limited to ten percent (10%) of the Cumulative Volume (the “Forced Exercise Share Limit”). Any Warrant Shares purchased by Investor during the Measurement Period would reduce the maximum number of Warrant Shares Company may require Investor to purchase pursuant to a Forced Exercise. For the avoidance of doubt, no Trading Day used in the Measurement Period for any given Forced Exercise may be used in the Measurement Period of a subsequent Forced Exercise.”

 

 

 

 

3. Disclosure. Company covenants and agrees that it will: (a) timely disclose this Second Amendment via the filing of a Form 6-K; and (b) file an amendment to Company’s previously filed Prospectus Supplement regarding the Warrant within two (2) days of the Effective Date.

 

4. Representations and Warranties. Each of Investor and Company, for itself, hereby acknowledges, represents, warrants and agrees as follows:

 

(a) Such party has full power and authority to enter into this Second Amendment and to incur and perform all obligations and covenants contained herein, all of which have been duly authorized by all proper and necessary action.

 

(b) No consent, approval, filing or registration with or notice to any governmental authority is required as a condition to the validity of this Second Amendment or the performance of any of the obligations of such party hereunder.

 

5. Certain Acknowledgments. Each of the parties acknowledges and agrees that no property or cash consideration of any kind whatsoever has been or shall be given by Investor to Company in connection with this Second Amendment.

 

6. Other Terms Unchanged. The Warrant, as amended by the First Amendment and this Second Amendment, remains and continues in full force and effect, constitutes legal, valid, and binding obligations of each of the parties, and is in all respects agreed to, ratified, and confirmed. Any reference to the Warrant after the date of this Second Amendment is deemed to be a reference to the Warrant as amended by the First Amendment and this Second Amendment. If there is a conflict between the terms of this Second Amendment and the Warrant or the First Amendment, the terms of this Second Amendment shall control. No forbearance or waiver may be implied by this Second Amendment. Except as expressly set forth herein, the execution, delivery, and performance of this Second Amendment shall not operate as a waiver of, or as an amendment to, any right, power, or remedy of Investor under the Warrant or First Amendment, as in effect prior to the date hereof. For the avoidance of doubt, this Amendment shall be subject to the governing law, venue, and Arbitration Provisions, as set forth in the Purchase Agreement.

 

7. No Reliance. Company acknowledges and agrees that neither Investor nor any of its members, managers, equity holders, representatives or agents has made any representations or warranties to Company or any of its agents, representatives, officers, directors, or employees except as expressly set forth in this Second Amendment and, in making its decision to enter into the transactions contemplated by this Second Amendment, Company is not relying on any representation, warranty, covenant or promise of Investor or its members, managers, equity holders, agents or representatives other than as set forth in this Second Amendment.

 

8. Counterparts. This Second Amendment may be executed in any number of counterparts (including by electronic signatures), each of which shall be deemed an original, but all of which together shall constitute one instrument.

 

9. Further Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Second Amendment and the consummation of the transactions contemplated hereby.

 

[Remainder of page intentionally left blank]

 

2

 

 

IN WITNESS WHEREOF, the undersigned have executed this Second Amendment as of the date set forth above.

 

  INVESTOR:
     
  Streeterville Capital, LLC
     
  By: /s/ John M. Fife
    John M. Fife, President

 

  COMPANY:
     
  EUDA Health Holdings Limited
     
  By: /s/ Alfred Lim
    Alfred Lim, CEO

 

[Signature Page to Warrant Amendment]

 

 

FAQ

What did EUDA Health (EUDA) change in its warrant terms?

EUDA Health amended an existing investor warrant so that the exercise price is reduced from $4.00 to $2.00 per ordinary share, and the minimum Nasdaq closing price required for a company-initiated Forced Exercise is lowered from $6.00 to $3.00, subject to specified trading volume and listing conditions.

How many EUDA Health shares are covered by the amended warrant?

The warrant, originally issued on December 4, 2025, is exercisable into 2,000,000 newly-issued ordinary shares of EUDA Health Holdings Limited.

What are the new conditions for a Forced Exercise of EUDA Health's warrant?

A Forced Exercise can occur if the Nasdaq closing trade price of EUDA’s ordinary shares is at or above $3.00 for five consecutive trading days, the cumulative dollar trading volume during that period is at least $1,500,000.00, the warrant shares would be free trading and eligible for immediate resale, and the ordinary shares are trading on Nasdaq without halts or suspensions.

Did EUDA Health receive additional cash or property for this Second Warrant Amendment?

No. The amendment states that no property or cash consideration of any kind has been or will be given by the investor to the company in connection with this Second Warrant Amendment.

How will EUDA Health reflect the revised warrant terms in its offering documents?

EUDA Health plans to file a new prospectus supplement to update and supplement information in its prior prospectus supplements dated December 4, 2025 and December 19, 2025. This new supplement will form part of the company’s Form F-3 Registration Statement (File No. 333-282723).

Who is the investor in EUDA Health’s amended warrant?

The investor named in the Second Warrant Amendment is Streeterville Capital, LLC, a Utah limited liability company.

EUDA Health Holdings Ltd

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