---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-024528"
form_type: "8-K"
ticker: null
cik: "0001401395"
company_name: "Neptune Wellness Solutions Inc."
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T12:43:45.385764+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Neptune Wellness waives $2M prepayment, pays $1M now; interest rate jumps to 24%

## Summary
- Waived $1M of $2M mandatory prepayment due May 15; paid $1M, remaining due July 31, 2023.
- Interest rate on $4.76M principal increased to 24% per annum from March 31 until full prepayment.
- Extension fee of $138,606 added to principal; Delayed Draw Term Notes reduced to $0.
- Collateral Agent gets board observer rights at Sprout Foods until full repayment.
- Company granted waiver of default; further 30-day extension possible if S-1 filed by July 31.

## SEC filing metadata
- accession: 0000950170-23-024528
- form_type: 8-K
- cik: 0001401395
- company_name: Neptune Wellness Solutions Inc.
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/0000950170-23-024528-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/nept-20230522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-024528
- JSON: https://secwatch.observer/filing/0000950170-23-024528.json
- Plain text: https://secwatch.observer/filing/0000950170-23-024528.txt

## Key facts
- Debt Financings
  Neptune Wellness Solutions Inc. amended debt with CCUR Holdings, Inc. (Collateral Agent) and the purchasers named therein at twenty four percent (24%) per annum.
  - Counterparty: CCUR Holdings, Inc. (Collateral Agent) and the purchasers named therein
  - Rate: twenty four percent (24%) per annum
  - Event: amendment
  source text: On May 22, 2023, Neptune Wellness Solutions Inc. (the " Company ") entered into a Waiver and Second Amendment to Note Purchase Agreement (the " Waiver Agreement "), with CCUR Holdings, Inc. (" Collateral Agent ") and the purchasers named therein, related to the Note Purchase Agreement dated as of January 12, 2023 (the " Note Purchase Agreement ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/0000950170-23-024528-index.htm
- Material Agreements
  Neptune Wellness Solutions Inc. amended Waiver and Second Amendment to Note Purchase Agreement with CCUR Holdings, Inc. as Collateral Agent and purchasers named therein valued at Waiver of $2M mandatory prepayment until July 31, 2023 (or 30 days later if S-1 filed); $1M paid; in (effective 2023-05-22).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: CCUR Holdings, Inc. as Collateral Agent and purchasers named therein
  - Value: Waiver of $2M mandatory prepayment until July 31, 2023 (or 30 days later if S-1 filed); $1M paid; in
  - Effective: 2023-05-22
  source text: Item 1.01 Entry into a Material Definitive Agreement. On May 22, 2023, Neptune Wellness Solutions Inc. (the " Company ") entered into a Waiver and Second Amendment to Note Purchase Agreement (the " Waiver Agreement "), with CCUR Holdings, Inc. (" Collateral Agent ") and the purchasers named therein, related to the Note Purchase Agreement dated as of January 12, 2023 (the " Note Purchase Agreement ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/0000950170-23-024528-index.htm

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