Loan & DebtMay 12, 2026, 04:37 PM
Non-Invasive Monitoring Systems Secures $300K in Promissory Notes
AI Summary
Non-Invasive Monitoring Systems, Inc. (NIMS) entered into two promissory notes totaling $300,000 on May 7, 2026. The first note, for $200,000, was with Frost Gamma Investments Trust, controlled by a NIMS Board Member. The second note, for $100,000, was with Jane Hsiao, NIMS' Chairman and Interim CEO. Both notes carry an 11% annual interest rate and mature on June 30, 2026, with prepayment allowed without penalty.
Key Highlights
- Non-Invasive Monitoring Systems secured a $200,000 promissory note from Frost Gamma Investments Trust.
- Frost Gamma Investments Trust is controlled by Dr. Phillip Frost, a NIMS Board Member and >10% beneficial owner.
- The company secured a $100,000 promissory note from Jane Hsiao.
- Jane Hsiao is NIMS' Chairman, Interim CEO, and >10% beneficial owner.
- Both promissory notes carry an 11% annual interest rate.
- Both notes mature on June 30, 2026.
- Prepayment of both notes is allowed without penalty.
Price Impact
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