ENDRA Life Sciences Inc Trading Halted Due to Volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2026
0mins
ENDRA Life Sciences Inc trading halted, volatility trading pause
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Analyst Views on NDRA
Wall Street analysts forecast NDRA stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.790
Low
30.00
Averages
30.00
High
30.00
Current: 4.790
Low
30.00
Averages
30.00
High
30.00

No data
About NDRA
ENDRA Life Sciences Inc. is developing an enhanced ultrasound technology platform - Thermo Acoustic Enhanced Ultrasound (TAEUS), a technology to assess tissue fat content and monitor tissue ablation during minimally invasive procedures, at the point of patient care. TAEUS is focused on the measurement of fat in the liver as a means to assess and monitor steatotic liver disease and metabolic dysfunction-associated steatohepatitis, chronic liver conditions that affect over two billion people globally, and for which there are no practical diagnostic tools. TAEUS technology uses a pulsed energy source, specifically, radio frequency (RF), to transmit energy deep into tissue and generate ultrasonic waves based on the tissue composition (or tissue chemistry), differentiating lean and fatty tissues. These waves are then detected with ultrasound sensors at the skin surface and used to create high-contrast images using its proprietary algorithms.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Legal Rights: The merger involving ENDRA Life Sciences Inc. and Noble Africa LLC is also under scrutiny, with ENDRA shareholders anticipated to hold about 3% of the new company, encouraging shareholders to understand their legal rights and options.
- Potential Benefits: The investigation highlights that insiders may receive substantial financial benefits not available to ordinary shareholders, raising questions about the merger terms and affecting shareholder decision-making and confidence.
- Legal Support: Halper Sadeh LLC offers no-cost legal consultations and commits to contingent fee arrangements, aiming to secure increased compensation and disclosures for affected shareholders, thereby protecting investor rights.
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- Financing Details: The concurrent private placement is anticipated to generate approximately $50 million in gross proceeds, with ASP Isotopes contributing $20 million and other investors providing around $30 million, thereby strengthening the company's capital structure.
- Equity Structure: Post-merger, ASP Isotopes is expected to own about 89% of the combined entity, while ENDRA shareholders will hold 3% and other investors will control approximately 7%, influencing future shareholder decisions.
- Market Reaction: Following the merger announcement, ASP Isotopes' shares dipped over 11%, indicating market caution regarding the transaction, despite the stock having gained over 11% this year.
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- Merger Overview: Noble Africa, a subsidiary of ASP Isotopes, is set to merge with a subsidiary of ENDRA, with Noble Africa continuing as the surviving entity, and the merger is expected to close in Q3 or Q4 of 2026, establishing Renergen's Virginia Gas Project as a publicly traded helium platform.
- Financing Plan: The concurrent private placement is expected to generate approximately $50 million in gross proceeds, with ASP Isotopes committing $20 million as the lead investor and other investors contributing $30 million, providing essential funding for project development.
- Equity Structure Changes: Post-merger, ASP Isotopes is expected to own about 89% of the combined company, while ENDRA stockholders will hold approximately 3%, and private placement investors will account for about 7%, offering ASP Isotopes shareholders a long-term investment opportunity.
- Management Arrangement: The combined entity will operate under the name Noble Africa Inc., led by Paul E. Mann, CEO of Renergen, ensuring continuity in leadership and strategic direction in a tightening helium supply market.
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- Merger Impact: The announcement of the merger between ASP Isotopes' subsidiary Noble Africa and ENDRA Life Sciences' subsidiary led to a 12.6% drop in ASP's stock and a 34.7% plunge in ENDRA's stock, indicating market concerns regarding the merger's prospects.
- Equity Structure Changes: Post-merger, ASP Isotopes is expected to own approximately 89% of the combined entity, while ENDRA stockholders will only hold 3%, suggesting a significant increase in ASP's control, which may affect ENDRA shareholders' confidence.
- Financing Commitments: Noble Africa has secured commitments for around $50 million in private placement financing, including $20 million from ASP Isotopes, expected to close before the merger, providing essential funding support for the combined company.
- Leadership Arrangement: The combined company will initially be led by ASP Isotopes' CEO Paul Mann and co-COO Nick Mitchell, a move that may facilitate resource integration and drive business development in natural gas and helium production.
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- Merger Announcement: Noble Africa LLC is set to merge with a subsidiary of ENDRA, continuing as Noble Africa Inc. post-merger, with completion expected in Q3 or Q4 of 2026, establishing Renergen's Virginia Gas Project as a publicly traded helium platform on Nasdaq.
- Funding Details: The concurrent private placement is anticipated to generate approximately $50 million in gross proceeds, with ASP Isotopes contributing about $20 million as the lead investor and other investors providing around $30 million, aimed at bolstering the capital structure for project development.
- Ownership Structure: Upon completion of the merger, ASP Isotopes is expected to own approximately 89% of the combined entity, while existing ENDRA shareholders will hold about 3%, and private placement investors will own around 7%, providing ASP Isotopes shareholders with significant long-term investment exposure.
- Management Team: The combined company will be led by Paul Mann, CEO of Renergen, and Nick Mitchell, COO of ASP Isotopes, with a six-member board ensuring effective resource integration and strategic direction for future growth.
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- Merger Overview: Noble Africa LLC is merging with a subsidiary of ENDRA, with Noble Africa continuing as the surviving entity, and plans to list on Nasdaq, establishing itself as one of the few publicly traded helium development assets globally, addressing the tightening helium supply.
- Financing Plan: The concurrent private placement associated with the merger is expected to generate approximately $50 million in gross proceeds, with ASP Isotopes committing about $20 million as the lead investor and other investors contributing around $30 million, aimed at supporting the development of Renergen's Virginia Gas Project.
- Equity Structure Changes: Upon completion of the merger, ASP Isotopes is expected to own approximately 89% of the combined company, with pre-merger ENDRA stockholders owning about 3% and investors from the private placement financing holding approximately 7%, ensuring a balanced distribution of interests among stakeholders in the new entity.
- Management Arrangement: The combined company will be led by Paul E. Mann, CEO of Renergen, and its board will consist of six directors, including four non-executive directors designated by ASP Isotopes and one by ENDRA, ensuring a blend of expertise and governance in the management structure.
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