NON INVASIVE MONITORING SYSTEMS to Merge, Offer $125M Stock, Uplists to Nasdaq
NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU), a former shell company, is undertaking a significant corporate restructuring. The company plans to merge with Gravitics, Inc., a Delaware corporation specializing in large space structures, and subsequently change its name to Gravitics Holdings, Inc. Concurrently, it is launching a public offering of $125,000,000 in common stock and intends to uplist its shares to the Nasdaq Capital Market under the symbol "GVTX". The Board has also approved a 1-for-150 reverse stock split. While these actions represent a strategic pivot and potential growth, Gravitics has reported substantial net losses, including $19.2 million for Q1 2026, indicating financial challenges.
Key Highlights
- NON INVASIVE MONITORING SYSTEMS to merge with Gravitics, Inc.
- Company will change its name to Gravitics Holdings, Inc. post-merger.
- Public offering of $125,000,000 in common stock planned.
- Common stock to uplist to Nasdaq Capital Market under ticker "GVTX".
- Board approved a 1-for-150 reverse stock split.
- Gravitics reported a net loss of $19.2 million for Q1 2026 and $11.7 million for FY 2025.
- Lucid Capital Markets, LLC is acting as the sole bookrunner for the offering.
Price Impact
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