secwatch.observer — SEC 8-K summary
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Issuer:     NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU)
CIK:        0000720762
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001493152-23-029168
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NIMS enters into $200K promissory note with related party and extends maturities on $300K in existing notes
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720762/000149315223029168/0001493152-23-029168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720762/000149315223029168/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-029168

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