NIMS borrows $150K from related parties via two 11% promissory notes due Oct 2023

NON INVASIVE MONITORING SYSTEMS INC /FL/

NIMS executed two $75,000 promissory notes with Frost Gamma Investments Trust (Dr. Phillip Frost) and Chairman/Interim CEO Jane Hsiao.
Each note bears 11% annual interest, matures on October 4, 2023, and is prepayable without penalty.
Both lenders are related parties: Frost Gamma beneficially owns >10% of NIMS; Hsiao is Chairman/Interim CEO and >10% holder.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.