Loan & DebtJul 2, 2026, 08:02 AM
NIMS Extends Maturity of Four Promissory Notes to Sept 30, 2026
AI Summary
Non-Invasive Monitoring Systems, Inc. (NIMS) announced the Fourth Amendment to four promissory notes, extending their maturity dates. The amendments, effective June 30, 2026, push the repayment deadline from June 30, 2026, to September 30, 2026. These notes, each for $75,000, are held by Frost Gamma Investments Trust (controlled by director Dr. Phillip Frost) and Dr. Jane Hsiao (Chairman and Interim CEO), both significant shareholders.
Key Highlights
- Non-Invasive Monitoring Systems (NIMS) extended the maturity date for four promissory notes.
- Two notes are with Frost Gamma Investments Trust, controlled by director Dr. Phillip Frost.
- Two notes are with Dr. Jane Hsiao, NIMS' Chairman and Interim CEO.
- Each of the four promissory notes has a principal amount of $75,000.
- The maturity date for all notes was extended from June 30, 2026, to September 30, 2026.
- No other provisions of the promissory notes were amended.
Price Impact
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