Non-Invasive Monitoring Systems enters USD 809,706 convertible note deal with Defender Opportunity LLC

NON-INVASIVE MONITORING SYSTEMS INC

NON-INVASIVE MONITORING SYSTEMS INC

NIMU

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  • Non-Invasive Monitoring Systems entered a Note Purchase Agreement with Defender Opportunity, selling an USD 809,706 Convertible Promissory Note.
  • Proceeds repaid USD 720,000 of principal and USD 89,706 of accrued interest on promissory notes held by Jane Hsiao and an affiliate of Phillip Frost.
  • Note matures Dec. 31, 2026; bears 11% interest to Nov. 12, 2026, rising to 22% thereafter, with no interest if a merger closes by Sept. 30, 2026.
  • Holder can convert at USD 0.02 per share; automatic conversion at that price on closing of the Gravitics merger, subject to ownership limits.
  • Frost and Hsiao still hold USD 300,000 of non-convertible notes, expected to be repaid from merger-related financing proceeds.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Non-Invasive Monitoring Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-030327), on June 26, 2026, and is solely responsible for the information contained therein.