MergerNov 4, 2026, 04:24 PM
NIMU Extends Merger Deadline to Nov 30; Amends Debt Maturities
AI Summary
NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU) announced a fifth amendment to its Merger Agreement with Gravitics, Inc., extending the outside closing and termination dates from October 30, 2026, to November 30, 2026. Additionally, the company entered into sixth amendments to its affiliate promissory notes with Frost Gamma Investments Trust and Dr. Jane Hsiao, extending their maturity dates to November 30, 2026. A convertible note with Defender Opportunity LLC was also amended to push the merger consummation deadline to November 30, 2026, in exchange for a $25,000 fee.
Key Highlights
- NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU) amended its Merger Agreement with Gravitics, Inc., extending the outside closing and termination dates to November 30, 2026.
- The company also amended affiliate promissory notes with Frost Gamma Investments Trust and Dr. Jane Hsiao, extending their maturity dates to November 30, 2026.
- A convertible note with Defender Opportunity LLC was amended to extend the merger consummation deadline to November 30, 2026, with NIMU paying a $25,000 fee for the extension.
Price Impact
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