Space hardware startup plans $125M stock offering and Nasdaq listing through shell company merger

Marysville, Washington-based Gravitics, which develops orbital carriers, is preparing a reverse merger with Florida shell company Non-Invasive Monitoring Systems to list on Nasdaq. The deal plans to offer 8.1 million shares at $14–17, raising about $125 million; a previously undisclosed $17 million round was also disclosed in SEC filings.

• Offering 8.1 million shares at $14–17 per share — about $125 million
• Merger with Non-Invasive Monitoring Systems will move company from OTC to Nasdaq
• Earlier this year Gravitics closed an undisclosed $17 million round
• In 2024 the company won a $125 million Axiom Space contract for a pressurized module