Non-Invasive Monitoring Systems files to offer 8.1M shares
Non-Invasive Monitoring Systems, Inc. filed on Thursday to offer 8,064,516 shares of its common stock at an estimated price between $14.00 and $17.00 per share.
The offering will occur in connection with the company's planned merger with Gravitics, Inc. Under the merger agreement, Gravitics Merger Sub Inc., a wholly owned subsidiary of Non-Invasive Monitoring Systems, will merge with Gravitics. Gravitics will become the surviving corporation and a wholly owned subsidiary of Non-Invasive Monitoring Systems.
Following the merger, Non-Invasive Monitoring Systems plans to change its name to Gravitics Holdings, Inc. and list its common stock on the Nasdaq Capital Market under the ticker symbol GVTX.
On August 17, 2026, the last reported sale price of Non-Invasive Monitoring Systems' common stock on the OTC Markets Group, Inc. Pink Limited Market was $9.26 per share.
The registration statement is expected to become effective at the same time as the merger closes or shortly after. The offering is contingent on successful completion of the merger and acceptance of the company's common stock for listing on the Nasdaq Capital Market.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Roots Corporation to go private in C$4.10-per-share deal with Marquee Brands
- Saba Capital funds reapprove merger plan targeting Q4 2026 close
- Blue Moon Metals cleared to build at Nevada tungsten project
Create E-mail Alert Related Categories
Corporate News, IPOsRelated Entities
Definitive Agreement, Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share