NON INVASIVE MONITORING SYSTEMS INC /FL/ 8-K

What Happened

• Non‑Invasive Monitoring Systems, Inc. (NIMS) filed an 8‑K reporting that on January 5, 2026 it amended the maturity dates on multiple existing promissory notes and, separately, on January 2, 2026 it entered a new $100,000 promissory note with Frost Gamma Investments Trust.
• The amendments moved the maturity date for several notes from December 31, 2025 to June 30, 2026. The new 2026 Frost Gamma note (dated January 2, 2026) is for $100,000, bears 11% annual interest payable at maturity (June 30, 2026), and may be prepaid without penalty.

Key Details

• Amendments executed January 5, 2026; new note dated January 2, 2026 (maturity June 30, 2026).
• Total principal on amended notes: $620,000 (nine amended notes: $75k, $75k, $75k, $75k, $200k, $25k, $30k, $40k, $25k).
• New loan: $100,000 from Frost Gamma Investments Trust at 11% per year, payable at maturity; prepayment allowed without penalty.
• Lenders are related parties: Frost Gamma Investments Trust is controlled by Dr. Phillip Frost (a director and >10% beneficial owner); Dr. Jane Hsiao (Chairman of the Board and Interim CEO) is also a >10% beneficial owner on certain notes.

Why It Matters

• The amendments delay repayment obligations by six months (from Dec 31, 2025 to Jun 30, 2026), providing short‑term liquidity relief for NIMS.
• The new $100K loan increases near‑term debt and carries an 11% interest cost, which is payable at maturity and could affect cash needs in mid‑2026.
• Because the counterparties are insiders/related parties (a director and the Chairman/Interim CEO control or benefit from the lenders), investors should note the related‑party nature of these financings when assessing governance and capital structure.

(Refer to the exhibits in the 8‑K for full amendment and promissory note terms.)