NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU): Entry into a Material Definitive Agreement
NON INVASIVE MONITORING SYSTEMS INC /FL/ (NIMU) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT, OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD, OR OTHERWISE TRANSFERRED, PLEDGED O
How this was made
The 30-second read
Why it matters
The disclosed note creates a defined path to equity issuance at a specified conversion price, with a step-up in interest after Nov 12, 2026 and a maturity on Dec 31, 2026; this can drive dilution expectations and trading volatility.
Market read
Convertible note terms (principal, conversion price, interest schedule, and maturity) are actionable for assessing dilution and financing risk in NIMU’s stock.
What to watch
Traders should watch for whether conversion is likely before/after the referenced September 30, 2026 window, and whether any registration/resale mechanics reduce forced selling pressure.
Background
The SEC 8-K reports NIMU’s entry into a material definitive agreement, including a convertible note and an unregistered equity issuance component.
Ticker impact
NIMU entered a material definitive agreement for an $809,705.75 convertible note with a $0.01966 conversion price and 11%/22% interest.
Likely near-term downside/volatility from dilution and high post-Nov-12 interest rate, with sensitivity to any conversion activity.
The filing discloses concrete financing mechanics (principal, conversion price, interest rate schedule, maturity) but provides no stated use of proceeds or conversion/merger linkage beyond a conditional interest waiver.
Market effects
Microcap/health-tech financing via convertible notes can reinforce sector-wide caution around dilution and high-cost capital structures.
Primarily impacts US microcap risk appetite rather than a broad regional macro driver.
Limited global relevance; mostly issuer-specific capital structure risk.
Counterpoint
If the note is tied to a near-term corporate event (e.g., merger timing referenced in the interest waiver), dilution pressure could be less immediate than feared.
Key entities
- issuerNon-Invasive Monitoring Systems, Inc. (Florida)
Subject of the 8-K; maker of the $809,705.75 convertible note with a $0.01966 conversion price.
- counterpartyDefender Opportunity LLC
Holder/convertible note holder referenced as the party entitled to principal repayment and conversion at its option.
