8-K
filed August 16, 2023, 7:59 PM ET
ticker NIMU
CIK 0000720762
debt
confidence high
sentiment neutral
materiality 0.60
NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU): debt financing — NIMS enters into $200K promissory note with related party and extends maturities on $300K in existing notes
NON INVASIVE MONITORING SYSTEMS INC /FL/
- New $200,000 promissory note issued to Frost Gamma Investments Trust (Dr. Phillip Frost) at 11% interest, due July 31, 2025.
- Maturity dates on four existing notes (total $300,000) extended from October 4, 2023 to July 31, 2025; no other changes.
- Related parties: Frost Gamma (beneficial owner >10%) and Chairman/Interim CEO Jane Hsiao for new note and amendments.
- Prepayment allowed without penalty; proceeds likely for working capital (not explicitly stated).
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NON INVASIVE MONITORING SYSTEMS INC /FL/ amended loan of $75,000 with Jane Hsiao, Ph.D. maturing July 31, 2025.
- Instrument
- loan
- Principal
- $75,000
- Counterparty
- Jane Hsiao, Ph.D.
- Maturity
- July 31, 2025
- Event
- amendment
Exact text from the filing
On August 15, 2023, NIMS entered into the First Amendment to that certain Promissory Note dated October 4, 2021 in the principal amount of $75,000 with Jane Hsiao, Ph.D., the Company’s Chairman and Interim CEO
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NON INVASIVE MONITORING SYSTEMS INC /FL/ amended loan of $75,000 with Jane Hsiao, Ph.D. maturing July 31, 2025.
- Instrument
- loan
- Principal
- $75,000
- Counterparty
- Jane Hsiao, Ph.D.
- Maturity
- July 31, 2025
- Event
- amendment
Exact text from the filing
On August 15, 2023, NIMS entered into the First Amendment to that certain Promissory Note dated September 16, 2022 in the principal amount of $75,000 with Jane Hsiao, Ph.D., the Company’s Chairman and Interim CEO
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NON INVASIVE MONITORING SYSTEMS INC /FL/ incurred loan of $200,000.00 with Frost Gamma Investments Trust at 11% per annum maturing July 31, 2025.
- Instrument
- loan
- Principal
- $200,000.00
- Counterparty
- Frost Gamma Investments Trust
- Rate
- 11% per annum
- Maturity
- July 31, 2025
- Event
- incurrence
Exact text from the filing
On August 15, 2023, Non-Invasive Monitoring Systems, Inc. (“NIMS”) entered into a Promissory Note in the principal amount of $200,000.00 with Frost Gamma Investments Trust
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NON INVASIVE MONITORING SYSTEMS INC /FL/ amended loan of $75,000 with Frost Gamma Investments Trust maturing July 31, 2025.
- Instrument
- loan
- Principal
- $75,000
- Counterparty
- Frost Gamma Investments Trust
- Maturity
- July 31, 2025
- Event
- amendment
Exact text from the filing
On August 15, 2023, NIMS entered into the First Amendment to that certain Promissory Note dated October 4, 2021 in the principal amount of $75,000 with Frost Gamma Investments Trust
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NON INVASIVE MONITORING SYSTEMS INC /FL/ amended loan of $75,000 with Frost Gamma Investments Trust maturing July 31, 2025.
- Instrument
- loan
- Principal
- $75,000
- Counterparty
- Frost Gamma Investments Trust
- Maturity
- July 31, 2025
- Event
- amendment
Exact text from the filing
On August 15, 2023, NIMS entered into the First Amendment to that certain Promissory Note dated September 16, 2022 in the principal amount of $75,000 with Frost Gamma Investments Trust
View on SEC.gov
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