NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU) Form 8-K — Jun 26, 2026
$NIMUForm 8-KItems 1.01, 2.03, 3.02, 9.01Filed Jun 26, 2026, 5:00 PM ET0001493152-26-030327Original filing
Non-Invasive Monitoring Systems entered into a Note Purchase Agreement with Defender Opportunity LLC to sell a Convertible Promissory Note with a principal amount of $809,705.75. The proceeds were used to repay outstanding promissory notes totaling $720,000 in principal plus $89,705.75 in accrued interest, which were held by company officers Dr. Jane Hsaio and Dr. Phillip Frost and their affiliates.
Key figures
- Debt Amount
- $809,705.75
- Interest Rate
- 11% rising to 22%
- Maturity Date
- December 31, 2026
- Conversion Price
- $0.01966
- Remaining Insider Notes
- $300,000
- Conversion Ownership Limit
- 4.99%
- Original Note Interest Repaid
- $89,705.75
- Original Note Principal Repaid
- $720,000
AI analysis
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