NIMU locks in 1-for-150 reverse split, effective July 30
Summary
Non-Invasive Monitoring Systems executed a 1-for-150 reverse stock split, effective July 30, 2026, shrinking outstanding shares to approximately 1.03 million. This is a key step toward completing its reverse merger with Gravitics and the associated $125 million public offering.
Key Events · Corporate Governance and Compliance · NIMU
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Reverse Split Executed
A 1-for-150 reverse stock split became effective July 30, 2026, reducing outstanding shares from 154,810,655 to 1,032,640. Fractional shares were rounded up.
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Merger and Offering Enabler
The reverse split is a prerequisite for the pending reverse merger with Gravitics and the $125 million public offering, both critical to the company's survival given its going-concern warning.
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No Ownership Change
The split affects all shareholders equally and does not alter percentage ownership, except for minimal adjustments from rounding fractional shares.
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New CUSIP and Market Impact
The stock will trade under new CUSIP 655366607 on the OTC Pink Market. The split is intended to increase the per-share price to meet listing requirements.
Analysis · NIMU · Manufacturing
The reverse split slashes outstanding shares from roughly 154.8 million to about 1.03 million—a necessary move to satisfy listing requirements for the pending Gravitics merger and the $125 million offering. While the split itself leaves ownership percentages unchanged, it marks a critical milestone in the company's transformation and survival plan, especially given its going-concern warning and recent insider debt extensions.
At the time of this filing, NIMU was trading at $0.07 on OTC in the Manufacturing sector, with a market capitalization of approximately $10.8M. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.