MergerJun 30, 2026, 05:31 PM
Non-Invasive Monitoring Systems Amends Gravitics Merger Agreement
AI Summary
Non-Invasive Monitoring Systems, Inc. (NIMU) entered into Amendment No. 1 to its Agreement and Plan of Merger and Reorganization with Gravitics, Inc. The amendment extends the Outside Termination Date for the merger to September 30, 2026. It also provides for certain resale registration rights for a holder of a convertible note and revises specific closing conditions of the agreement.
Key Highlights
- Merger agreement's Outside Termination Date extended to September 30, 2026.
- Amendment provides resale registration rights for a holder of a convertible note.
- Revises certain closing conditions for the merger.
- Convertible note of $809,705.75 purchased by Defender Opportunity LLC.
- Note will convert to Parent Common Stock at $0.01966 per share.
- Approximately $300,000 indebtedness to Dr. Hsiao and Dr. Frost's affiliate to be repaid.
Price Impact
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