M&A
confidence high
sentiment neutral
materiality 0.60
NIMS amends merger agreement with Gravitics, extends closing deadline to Sept 30, 2026
NON INVASIVE MONITORING SYSTEMS INC /FL/
- Amendment extends outside termination date to September 30, 2026.
- Provides resale registration rights for $809,705.75 convertible note held by Defender Opportunity LLC.
- Convertible note will convert to NIMS common stock at $0.01966 per share (pre-reverse split).
- Approximately $300,000 debt to Dr. Hsiao and Dr. Frost's affiliate to be repaid at closing.
- Merger structure: Gravitics Merger Sub merges into Gravitics, with Gravitics surviving as wholly owned subsidiary.