Glucotrack settles with Alto, paying $2.0M cash and issuing $2.0M 5% note

Glucotrack entered a settlement with Alto and related parties to resolve disputes tied to asserted $10.9 million indebtedness. The company will pay $2.0 million in cash and issue a $2.0 million 5% convertible note amortizing through Aug. 31, 2027, plus up to $125,000 of Alto’s legal fees.