Orbital systems developer Gravitics (GVTX.US) IPO priced at $14-17 per share, fundraising size cut by 60% to $50 million.

Gravitics Holdings, which focuses on the research and development of large space structures and orbital systems, on Tuesday cut the proposed size of its upcoming initial public offering (IPO). The company now plans to offer 3.2 million shares at $14 to $17 each to raise $50 million. Previously, its filing showed it planned to offer 8.1 million shares at the same price range. The latest proposed fundraising size is down 60% from before. Gravitics plans to list on Nasdaq under the ticker "GVTX." As part of this Nasdaq IPO, Gravitics will merge with over-the-counter (OTC)-listed shell company Non-Invasive Monitoring Systems (NIMU.US). The latter ceased operations in 2019 and has since been seeking a reverse merger partner. Upon completion of the merger, the surviving entity will be renamed "Gravitics Holdings." According to information, Gravitics was founded in 2021 and is engaged in the design, development and commercialization of large space structures, including orbital vehicles, cargo logistics spacecraft, space station modules and related engineering and technical services. Gravitics' main customer base includes government entities and the commercial space industry. The company highlighted its $125 million fixed-price contract with affiliate Axiom Space to develop and deliver a cargo vehicle capable of docking with Axiom's commercial space station. Data shows the company generated $400,000 in revenue in the 12 months ended March 31, 2026.