Mergers & Acquisitions ·
Extends merger closing to Oct 30 and raises target public offering size from $40M to $125M
NIMUNon Invasive Monitoring Systems Inc
Non-Invasive Monitoring Systems amended its merger agreement with Gravitics, extending the outside closing date to October 30, 2026. The amendment increases the target size of the related underwritten public offering from $40 million to $125 million and removes certain closing conditions, including a cap on dissenting shares. Additionally, the company amended a convertible note held by Defender Opportunity LLC, extending its conversion deadline to October 30 in exchange for a $25,000 fee. The company develops non-invasive medical monitoring technology.