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:   2026-10-02T20:30:32+00:00
Accession:  0001493152-26-045531
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NIMS extends Gravitics merger deadline to Oct 30; plans $125M offering plus Nasdaq uplisting
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- Amendment No. 3 to the May 6, 2026 merger with Gravitics, Inc. extends the Outside Termination Date to October 30, 2026; Gravitics Merger Sub merges into Gravitics, Inc.
- Merger agreement was previously amended June 30, 2026 and August 5, 2026; closing set for on or before October 30, 2026 at offices of Lucosky Brookman LLP.
- New Section 4.22: $300,000 plus accrued interest owed to Dr. Phillip Frost (director, >10% holder) and Dr. Jane Hsiao (Chairman/Interim CEO) repaid from offering proceeds.
- Section 4.16 requires reasonable best efforts for a $125.0 million underwritten public offering and uplisting to Nasdaq, NYSE, NYSE American or other national exchange after closing.
- NIMS also extended four $75,000 promissory notes (two to Frost Gamma Investments Trust, two to Hsiao) from Sept 30, 2026 to Oct 31, 2026; Sections 5.1(g), 5.2(b), 5.2(l), 5.3(j) deleted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720762/000149315226045531/0001493152-26-045531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720762/000149315226045531/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045531

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