Non-Invasive Monitoring Systems Files 1-for-150 Reverse Stock Split

What Happened

• Non-Invasive Monitoring Systems, Inc. (NIMU) filed Articles of Amendment with the Florida Secretary of State to effect a 1-for-150 reverse stock split of its common stock, effective in the market on July 30, 2026. The Board authorized the exact split ratio by unanimous written consent on July 13, 2026 after prior shareholder approval of a 1-for-100 to 1-for-500 range.
• Immediately before the split the company had 154,810,655 shares issued and outstanding; immediately after the split it has 1,032,640 shares outstanding. Fractional shares were rounded up to the nearest whole share. The par value ($0.01) and the number of authorized shares (400,000,000) were unchanged.

Key Details

• Reverse split ratio: 1-for-150; effective market date: July 30, 2026. Articles of Amendment filed July 27, 2026.
• Outstanding shares: 154,810,655 before; 1,032,640 after.
• Fractional shares were rounded up; percentage ownerships remain substantially unchanged except for de minimis rounding adjustments.
• Conversion/exercise terms for outstanding convertible or exercisable securities will be ratably adjusted; new market quotation will use CUSIP 655366607. Common stock remains quoted on the OTC Markets Pink Limited Market under symbol "NIMU."

Why It Matters

• For investors, the split reduces the total share count and correspondingly increases the per‑share basis (mathematically), but it does not materially change any shareholder’s percentage ownership except for very small rounding differences. No action is required by stockholders; positions will be automatically adjusted.
• Outstanding options, warrants, and convertible securities will be adjusted per their terms, which can affect the number of shares issuable and exercise/conversion prices. Investors holding or tracking such instruments should verify updated terms and holdings after the split.