NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU): debt financing — NIMS enters $25K promissory note with Frost Gamma Investments Trust at 11% interest

NON INVASIVE MONITORING SYSTEMS INC /FL/

Principal $25,000, interest 11% per annum, due December 31, 2025.
Note prepayable without penalty; proceeds for general corporate purposes.
Related-party transaction: Frost Gamma controlled by Dr. Phillip Frost, a >10% owner.
Payable on maturity date; all costs of collection including attorneys' fees.
No financial impact disclosed; small-scale short-term debt financing.

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/ incurred loan of $25,000.00 with Frost Gamma Investments Trust at 11% per annum maturing December 31, 2025.

Instrument: loan
Principal: $25,000.00
Counterparty: Frost Gamma Investments Trust
Rate: 11% per annum
Maturity: December 31, 2025
Event: incurrence

Exact text from the filing

On August 27, 2025, Non-Invasive Monitoring Systems, Inc. (“NIMS”) entered into a Promissory Note in the principal amount of $25,000.00 with Frost Gamma Investments Trust (the “August 2025 Frost Gamma Note”)

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Source: SEC EDGAR

accession 0001493152-25-012445

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