secwatch.observer — SEC 8-K summary
======================================

Issuer:     NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU)
CIK:        0000720762
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001493152-24-038425
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NIMS issues $25K promissory note to Frost Gamma at 11% due July 2025
--------------------------------------------------------------------

- Principal amount of $25,000 borrowed from Frost Gamma Investments Trust, a related party controlled by Dr. Phillip Frost.
- Interest rate of 11% per annum; note matures on July 31, 2025.
- Note may be prepaid without penalty; proceeds used for general corporate purposes.
- Dr. Phillip Frost beneficially owns over 10% of NIMS common stock, making this a related-party transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720762/000149315224038425/0001493152-24-038425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720762/000149315224038425/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-038425

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer