M&A
confidence high
sentiment neutral
materiality 0.80
Non-Invasive Monitoring Systems and Gravitics amend merger, extend outside date to Oct. 30, 2026
NON INVASIVE MONITORING SYSTEMS INC /FL/
- Third amendment dated Sept. 30, 2026 extends merger outside closing and outside termination dates from Sept. 30, 2026 to Oct. 30, 2026.
- The amendment raises the target size of the underwritten public offering from $40.0 million to $125.0 million and calls for completion and Nasdaq uplisting after closing.
- $300,000 plus accrued interest owed to Frost Gamma Investments Trust, an affiliate of Dr. Phillip Frost, and Dr. Jane Hsiao will be repaid from public offering proceeds.
- NIMS amended Defender Opportunity LLC's $809,705.75 convertible note to extend the merger conversion deadline to Oct. 30, 2026, paying a $25,000 extension fee.
- The amendment removes repayment of the affiliate debt, the 10% cap on dissenting shares, and certain other closing conditions; all other merger terms remain unchanged.