NON INVASIVE MONITORING SYSTEMS INC /FL/ — Form 8-K
Filed July 2, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 72/100
What the filing says
On 30 June 2026, NIMS extended the maturity dates of four promissory notes by 3 months each—from 30 June 2026 to 30 September 2026. The notes are: (1) $75K to Frost Gamma Investments Trust (Dr. Phillip Frost, director, >10% shareholder), dated 4 Oct 2021; (2) $75K to Dr. Jane Hsiao (Chairman/CEO, >10% shareholder), dated 4 Oct 2021; (3) $75K to Frost Gamma, dated 16 Sept 2022; (4) $75K to Hsiao, dated 16 Sept 2022. Total principal: $300K. No other terms amended. All four amendments were signed 30 June 2026 and filed 2 July 2026. This is the fourth amendment to each note.
Why this rating
Company market value ~$200K; $300K debt extension is 150% of market cap—material liquidity concern. Yet extension (not forgiveness/restructuring) is routine forbearance. Repeated amendments suggest ongoing strain. Significant but not trajectory-altering for micro-cap.
Extracted items
- 1.01 material agreement
- 2.03 material obligation
- 9.01 exhibits
View original filing on SEC.gov ↗
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