NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU) Form S-1/A — Oct 6, 2026
Non-Invasive Monitoring Systems filed an S-1/A for a $125,000,000 IPO of 8,064,516 shares priced between $14.00 and $17.00 (assumed $15.50), with Lucid Capital Markets as sole bookrunner and a 45-day over-allotment option on 1,209,677 additional shares. The offering is tied to a reverse merger in which the shell company will acquire Gravitics, Inc., a space structures maker backed by a $270 million Axiom Space contract, rename itself Gravitics Holdings, and uplist to Nasdaq under 'GVTX'. Gravitics stockholders will own roughly 96.5% of the combined company; existing NIMS holders just 3.5%.
Key figures
- Gross Proceeds
- $125,000,000
- Offering Price
- $14.00-$17.00 per share ($15.50 assumed)
- Shares Offered
- 8064516
- Shares Outstanding
- 31,460,071 pre-offering; 39,898,075 post-offering
- Greenshoe
- 1209677
- Otc last sale
- $11.50 (Oct 2, 2026)
- Lockup period days
- 180
- Reverse split ratio
- 1:150
- Axiom contract value
- $270,000,000
- Underwriter warrants
- 4.0% of shares sold at $19.38 exercise price
- Net proceeds estimate
- $121,552,000 ($139,083,000 with full over-allotment)
- Underwriting discount
- $8,125,000 (6.5% of gross proceeds)
- Gravitics net loss 2025
- $11.7 million
- Gravitics cash jun30 2026
- $2.7 million
- Gravitics net loss h1 2026
- $24.5 million
- Nims post merger ownership
- 3.5%
- Grahamics post merger ownership
- 96.5%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.