Non-Invasive Monitoring Systems, Inc. has entered into Amendment No. 1 to its merger agreement with Gravitics, Inc., introducing several material changes. Upon completion of the merger, a convertible note totalling $809,705.75 will automatically convert into common stock at $0.01966 per share. Additionally, approximately $300,000 in debt to related parties will be repaid in full at closing. The amendment requires the post-merger company to file a registration statement within 60 days to register shares for resale, providing liquidity assurance to shareholders. Current NIMU shareholders will collectively own 4.5% of the post-merger entity's equity, including shares from the note conversion. The changes aim to improve the merged company's financial position by eliminating debt overhang and clarifying the ownership structure.

Gravitics has secured $13.2 million in a private placement round to advance development of commercial space station modules. The funding will support the company's efforts to build infrastructure for commercial space stations. The investment comes as private companies increasingly compete to develop orbital platforms following the planned retirement of the International Space Station. Gravitics is positioning itself in the growing market for commercial space habitation modules. Details about participating investors and the company's specific development timeline were not disclosed.

The U.S. Space Force is investing $60 million in Gravitics to develop an "orbital carrier" for rapid satellite deployment, akin to an aircraft carrier in space. This platform aims to enhance U.S. space defense by enabling quick responses to threats, such as satellite interference from adversaries like China and Russia. The project highlights the importance of space as a strategic domain and the role of public-private partnerships in advancing national security.