Non-Invasive Monitoring Systems revises public offering terms in Gravitics merger agreement
NIMU•Non-Invasive Monitoring Systems amended its merger agreement with Gravitics, revising the definition of the public offering. The offering is expected to generate $50 million in gross proceeds, with a $40 million minimum, excluding the underwriters’ overallotment option.
1. Offering terms revised
Non-Invasive Monitoring Systems amended its merger agreement with Gravitics on October 19, 2026, revising the definition of the public offering. The underwritten offering is expected to generate $50 million in gross proceeds, with a minimum of $40 million, excluding the underwriters’ overallotment option.
2. Merger terms unchanged
Under the March 6, 2026, agreement, Gravitics will absorb Gravitics Merger Sub and become a wholly owned subsidiary of Non-Invasive Monitoring Systems. All other merger agreement terms remain unchanged.
