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:   2026-08-21T20:30:26+00:00
Accession:  0001493152-26-039692
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NIMS guarantees $1M Gravitics bridge loan with 50% OID, effective upon RTO closing
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- Gravitics Inc. borrowed $1,000,000 from BZH SPO LLC on Aug 17, 2026; loan funded Aug 18, 2026.
- Note matures 60 days after funding; 4% interest per 30-day period plus 50% original issue discount per 30-day period.
- NIMS unconditionally guarantees and assumes Gravitics' loan obligations jointly and severally, effective only upon RTO/merger closing.
- Loan proceeds for working capital pending offering; mandatory prepayment from offering or customer-contract proceeds.
- Default premium of 3% per 30-day period accrues after day 60; default includes abandoning the RTO or government contract.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720762/000149315226039692/0001493152-26-039692-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720762/000149315226039692/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-039692

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