NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU): debt financing — NIMS extends maturity on $595K in related-party notes from July 31 to Dec 31, 2025

NON INVASIVE MONITORING SYSTEMS INC /FL/

Extended maturities on eight promissory notes with Frost Gamma Investments Trust (controlled by Dr. Phillip Frost) and Dr. Jane Hsiao.
Principal amounts: 2021 ($75K each), 2022 ($75K each), 2023 ($200K), Sept 2024 ($25K), Oct 2024 ($30K), Jan 2025 ($40K); no other terms changed.
Notes originally due July 31, 2025 now due December 31, 2025; indicates potential near-term liquidity need.
Dr. Phillip Frost and Dr. Jane Hsiao are directors and >10% beneficial owners; transactions are related-party.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NON INVASIVE MONITORING SYSTEMS INC /FL/ amended loan of $75,000.00 with Frost Gamma Investments Trust maturing December 31, 2025.

Instrument: loan
Principal: $75,000.00
Counterparty: Frost Gamma Investments Trust
Maturity: December 31, 2025
Event: amendment

Exact text from the filing

25, 2025, Non-Invasive Monitoring Systems, Inc. (“NIMS”) entered into the Second Amendment to that certain Promissory Note dated October 4, 2021 in the principal amount of $75,000.00 with Frost Gamma Investments Trust (the “2021 Frost Gamma Note”), a trust controlled by Dr. Phillip Frost, a current director, which beneficially owns in excess of 10% of our

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NON INVASIVE MONITORING SYSTEMS INC /FL/ amended loan of $75,000.00 with Dr. Jane Hsiao maturing December 31, 2025.

Instrument: loan
Principal: $75,000.00
Counterparty: Dr. Jane Hsiao
Maturity: December 31, 2025
Event: amendment

Exact text from the filing

25, 2025, Non-Invasive Monitoring Systems, Inc. (“NIMS”) entered into the Second Amendment to that certain Promissory Note dated October 4, 2021 in the principal amount of $75,000.00 with Frost Gamma Investments Trust (the “2021 Frost Gamma Note”), a trust controlled by Dr. Phillip Frost, a current director, which beneficially owns in excess of 10% of our

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NON INVASIVE MONITORING SYSTEMS INC /FL/ amended loan of $200,000.00 with Frost Gamma Investments Trust maturing December 31, 2025.

Instrument: loan
Principal: $200,000.00
Counterparty: Frost Gamma Investments Trust
Maturity: December 31, 2025
Event: amendment

Exact text from the filing

Gamma Investments Trust Promissory Note On July 25, 2025, NIMS entered into the First Amendment to that certain Promissory Note dated August 15, 2023 in the principal amount of $200,000.00 with Frost Gamma Investments Trust (the “2023 Frost Gamma Note”), a trust controlled by Dr. Phillip Frost, a current director, which beneficially owns in excess of 10% of our

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NON INVASIVE MONITORING SYSTEMS INC /FL/ filing history →

Source: SEC EDGAR

accession 0001641172-25-021387

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