Non-Invasive Monitoring Systems Plans Reverse Merger With Gravitics

Non-Invasive Monitoring Systems ( (NIMU) ) has shared an announcement.

On March 6, 2026, Non-Invasive Monitoring Systems, Inc. agreed to merge its wholly owned merger subsidiary into Gravitics, Inc., making Gravitics the surviving entity and a wholly owned subsidiary in a reverse merger that will shift the company’s business into commercial space infrastructure. The board unanimously approved the deal and a reverse stock split, and plans to change the company’s name and trading symbol to reflect Gravitics’ focus on orbital carriers, cargo logistics spacecraft and space station modules.

Under the terms, Gravitics stockholders will receive at least 95.5% of the post-merger equity in exchange for their shares, leaving existing Non-Invasive Monitoring Systems shareholders with no more than 4.5%, while Gravitics becomes the accounting acquirer and its financial statements replace those of the shell in SEC filings. The transaction is targeted to close by June 30, 2026, subject to conditions including shareholder approvals, effectiveness of an S-4 registration, a reverse stock split, conversion or repayment of about $800,000 of company debt, readiness of a $40 million underwritten public offering and an exchange uplisting.

The parties have agreed to customary covenants, a no-shop clause restricting talks with alternative bidders and a termination framework under which either side can walk away under defined conditions, with a $250,000 fee payable if a party terminates for reasons other than the counterparty’s failure to meet closing conditions. On March 11, 2026, the board also voted to change the company’s fiscal year-end from July 31 to December 31, effective December 31, 2025, to align reporting with Gravitics, and the company has asked FINRA to approve its planned name, symbol change and reverse stock split, with an additional filing to follow once those actions take effect.

More about Non-Invasive Monitoring Systems

Non-Invasive Monitoring Systems, Inc., a Florida-based public shell company under U.S. securities rules, has recently focused on finding a private operating business to merge with for the benefit of its shareholders. Following a planned transaction, it intends to adopt the business of Gravitics, Inc., which designs and manufactures large space structures such as orbital carriers, cargo logistics spacecraft and space station modules for commercial use in Earth orbit and beyond.

The company plans to rebrand with a new name and trading symbol aligned with Gravitics’ space infrastructure operations, and to overhaul its governance by replacing its current board with directors designated by Gravitics, including Gravitics CEO Colin Doughan as chairman. It will also shift its fiscal year-end from July 31 to December 31, effective December 31, 2025, to match Gravitics’ reporting calendar.

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