secwatch.observer — SEC 8-K summary
======================================

Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0001104659-23-001503
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inotiv amends credit agreement, extends FY2022 audit deadline; revolving credit frozen until conditions met
--------------------------------------------------------------------------------

- Second Amendment extends deadline to provide audited FY2022 financials to Jan. 13, 2023 or 10-K filing date.
- New monthly reporting: unaudited balance sheet, income statement, cash flows, 13-week cash flow forecast, KPI report.
- Company must appoint a financial advisor by Jan. 13, 2023; lenders can require advisor meetings for six months.
- Revolving credit access blocked until audited FY2022 financials delivered and no Material Adverse Effect is certified.
- Ongoing discussions for further amendments due to issues with non-human primates imported from Cambodia.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000110465923001503/0001104659-23-001503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000110465923001503/tm231581d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-001503

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer