NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU) Form 8-K — Oct 2, 2026
Non-Invasive Monitoring Systems amended its merger agreement with Gravitics, Inc. for a third time on September 30, 2026, extending the closing deadline and outside termination date to October 30, 2026. The amendment commits the post-merger company to a $125.0 million underwritten public offering and uplisting to a national exchange, with $300,000 of insider debt to Dr. Phillip Frost and Dr.
Key figures
- Debt Amount
- $300,000 aggregate insider promissory notes extended; $809,705.75 convertible note with Defender Opportunity LLC
- Deal Value Usd
- 0
- Gross Proceeds
- $125.0 million planned post-merger public offering
- Extension fee
- $25,000 cash to Defender Opportunity LLC
- Prior amendments
- June 30, 2026; August 5, 2026; September 30, 2026
- Outside termination date
- October 30, 2026
- Note maturity extended to
- October 31, 2026
- Merger agreement original date
- May 6, 2026
AI analysis
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