Shell company Non-Invasive Monitoring Systems to merge with Gravitics; Gravitics owners get ≥95.5%
NON INVASIVE MONITORING SYSTEMS INC /FL/
- Merger agreement signed March 6, 2026; Gravitics stockholders to own at least 95.5% of post-merger entity.
- Post-merger company plans $40M underwritten public offering and uplisting to Nasdaq or NYSE.
- Board changed fiscal year end from July 31 to December 31, effective December 31, 2025.
- Company to change name and trading symbol to reflect Gravitics' space-structures business.
- Closing expected by June 30, 2026; conditions include stockholder approval, ~$800K debt conversion, and reverse stock split.