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

According to Jinzhong Finance APP, Gravitics Holdings, a company focused on the development of large-scale space structures and orbital systems, lowered the proposed size of its upcoming initial public offering (IPO) on Tuesday. The company now plans to issue 3.2 million shares at $14 to $17 per share, raising $50 million. Previously, filings showed it planned to issue 8.1 million shares in the same price range. The latest fundraising target is down 60% from the earlier proposal.

Gravitics plans to list on Nasdaq under the ticker symbol “GVTX.” As part of this Nasdaq IPO, Gravitics will merge with Non-Invasive Monitoring Systems (NIMU.US), a shell company listed on the over-the-counter (OTC) market. 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 available data, Gravitics was founded in 2021 and is engaged in the design, development, and commercialization of large space structures, including orbital carriers, 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 highlights its $125 million fixed-price contract with related party Axiom Space for the development and delivery of cargo vehicles capable of docking with the Axiom commercial space station. Data show the company achieved $400,000 in revenue in the 12 months ended March 31, 2026.