---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-030327"
form_type: "8-K"
ticker: "NIMU"
cik: "0000720762"
company_name: "NON INVASIVE MONITORING SYSTEMS INC /FL/"
filed_at: "2026-06-26T21:00:38+00:00"
generated_at: "2026-06-26T21:02:46.183399+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Non-Invasive Monitoring Systems issues $809,706 convertible note to repay insider debt; conversion at $0.01966/share

## Summary
- Sold $809,705.75 convertible note to Defender Opportunity LLC; proceeds repaid $720k principal + $89,705.75 interest on notes held by insiders Dr. Hsiao and Dr. Frost.
- Note bears 11% interest through Nov 12, 2026, then 22%; maturity Dec 31, 2026; convertible at $0.01966 per share.
- Automatic conversion upon closing of pending merger with Gravitics, Inc.; holder subject to 4.99% beneficial ownership limit.
- $300,000 of remaining insider notes (non-convertible) to be repaid from financing in connection with the merger.
- Company to file resale registration statement for conversion shares within 60 days after merger effective date.

## SEC filing metadata
- accession: 0001493152-26-030327
- form_type: 8-K
- ticker: NIMU
- cik: 0000720762
- company_name: NON INVASIVE MONITORING SYSTEMS INC /FL/
- filed_at: 2026-06-26T21:00:38+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720762/000149315226030327/0001493152-26-030327-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720762/000149315226030327/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-030327
- JSON: https://secwatch.observer/filing/0001493152-26-030327.json
- Plain text: https://secwatch.observer/filing/0001493152-26-030327.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.