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:   2026-06-26T21:00:38+00:00
Accession:  0001493152-26-030327
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720762/000149315226030327/0001493152-26-030327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720762/000149315226030327/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-030327

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