Non-Invasive Monitoring Systems authorizes 1-for-100 to 1-for-500 reverse stock split via written consent

NON-INVASIVE MONITORING SYSTEMS INC

NON-INVASIVE MONITORING SYSTEMS INC

NIMU

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  • Non-Invasive Monitoring Systems directors authorized amendments to pursue a reverse stock split, setting a 1-for-100 to 1-for-500 range.
  • Written shareholder consent from holders of about 63.4% of voting stock granted the board discretion to set the final ratio and timing.
  • Board also authorized a corporate name change to Gravitics Holdings, contingent on merger completion and related regulatory clearances.
  • Actions align with a planned Gravitics merger, a targeted underwritten public offering of at least USD 40 million, and a Nasdaq uplisting.


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