---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-020145"
form_type: "8-K/A"
ticker: null
cik: "0001401395"
company_name: "Neptune Wellness Solutions Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:07:43.636499+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Neptune Wellness subsidiary Sprout secures $7.5M inventory financing facility

## Summary
- Sprout Foods entered amendment on April 21, 2023, increasing maximum credit to $7.5M from $5M.
- New inventory finance rider added to existing accounts receivable factoring facility.
- Advances up to 50% of eligible inventory (lower of cost/market) or 75% of net orderly liquidation value.
- Interest rate prime plus 1% with an 8% minimum; 12-month initial term with auto-renewal.
- Inventory line provides working capital for product expansion and supply chain efficiency.

## SEC filing metadata
- accession: 0000950170-23-020145
- form_type: 8-K/A
- cik: 0001401395
- company_name: Neptune Wellness Solutions Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401395/000095017023020145/0000950170-23-020145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401395/000095017023020145/nept-20230123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-020145
- JSON: https://secwatch.observer/filing/0000950170-23-020145.json
- Plain text: https://secwatch.observer/filing/0000950170-23-020145.txt

## Key facts
- Debt Financings
  Neptune Wellness Solutions Inc. amended credit facility of $7,500,000 with Alterna Capital Solutions LLC at prime plus 1% with a minimum interest rate of 8% per annum maturing twelve (12) months from January 20, 2023.
  - Instrument: credit facility
  - Principal: $7,500,000
  - Counterparty: Alterna Capital Solutions LLC
  - Rate: prime plus 1% with a minimum interest rate of 8% per annum
  - Maturity: twelve (12) months from January 20, 2023
  - Event: amendment
  source text: ("Sprout") and Alterna Capital Solutions LLC (the "Lender"), and a related Inventory Finance Rider (the "Rider"), dated as of April 21, 2023, by and between Sprout and the Lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000095017023020145/0000950170-23-020145-index.htm
- Material Agreements
  Neptune Wellness Solutions Inc. entered into Inventory Finance Rider with Alterna Capital Solutions LLC (effective 2023-04-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Alterna Capital Solutions LLC
  - Effective: 2023-04-21
  source text: Sprout Foods, Inc. ("Sprout") and Alterna Capital Solutions LLC (the "Lender"), and a related Inventory Finance Rider (the "Rider"), dated as of April 21, 2023, by and between Sprout and the Lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000095017023020145/0000950170-23-020145-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.