NON INVASIVE MONITORING SYSTEMS INC /FL/

S-4/A amended

S-1 filed

Non Invasive Monitoring Systems Inc. (NIMU) is conducting an IPO with an S-1 filing, seeking stockholder ratification of prior corporate actions under Florida law. The offering includes underwriter warrants exercisable at 110% of the public price, with anti-takeover provisions in its corporate documents. The company plans to list on Nasdaq and addresses liquidity risks for warrants. Key details include lock-up agreements, restricted share sales, and underwriting terms with Lucid Capital Markets, LLC as the lead underwriter.

S-4 filed

DRS filed

DRS filed

424B1 priced

14,093,329 shares

Non Invasive Monitoring Systems Inc. (NIMS) reports significant financial challenges in its 424B1 filing, including a sharp decline in gross revenues from $1.16 million in 2001 to $333,500 in 2002, driven by reduced research and consulting income from Vivometrics, Inc. Net losses widened to $1.27 million in 2002, with liquidity concerns highlighted due to insufficient cash flow from product sales. The company relied on a private placement offering to fund operations, but faces uncertainty about future capital needs and operational sustainability.