---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-101277"
form_type: "8-K"
ticker: null
cik: "0001401395"
company_name: "Neptune Wellness Solutions Inc."
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T16:07:07.945947+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Neptune Wellness amends note agreement; gets 2-month stay on arbitration award; interest jumps to 24%

## Summary
- Third Amendment to Note Purchase Agreement signed Sep 8, 2023, extends deadline to Nov 21, 2023 for arbitration award resolution.
- Interest on outstanding principal accrues at 24% per annum until award is resolved or paid.
- Arbitration award from PMGSL Holdings LLC triggers potential event of default if not stayed or paid by Nov 21.
- Company, through CCUR Holdings and other purchasers, modifies terms to avoid immediate default.

## SEC filing metadata
- accession: 0001104659-23-101277
- form_type: 8-K
- cik: 0001401395
- company_name: Neptune Wellness Solutions Inc.
- filed_at: 2023-09-15T23:59:59+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/1401395/000110465923101277/0001104659-23-101277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401395/000110465923101277/tm2326275d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-101277
- JSON: https://secwatch.observer/filing/0001104659-23-101277.json
- Plain text: https://secwatch.observer/filing/0001104659-23-101277.txt

## Key facts
- Debt Financings
  Neptune Wellness Solutions Inc. amended loan with CCUR Holdings, Inc. at twenty four (24%) per annum.
  - Instrument: loan
  - Counterparty: CCUR Holdings, Inc.
  - Rate: twenty four (24%) per annum
  - Event: amendment
  source text: the Third Amendment was entered into as a result of the August 23, 2023 arbitrator award to PMGSL Holdings LLC and provides the Company with two additional months to seek a stay or other resolution of the arbitration award made in favor of PMGSL Holdings, LLC before such event could be deemed an event of default.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000110465923101277/0001104659-23-101277-index.htm
- Material Agreements
  Neptune Wellness Solutions Inc. amended Third Amendment to Note Purchase Agreement with CCUR Holdings, Inc. and the purchasers named therein (effective 2023-09-08).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: CCUR Holdings, Inc. and the purchasers named therein
  - Effective: 2023-09-08
  source text: On September 8, 2023, Neptune Wellness Solutions Inc. (the “ Company ”) entered into a Third Amendment to Note Purchase Agreement (the “Third Amendment”) with CCUR Holdings, Inc. and the purchasers named therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401395/000110465923101277/0001104659-23-101277-index.htm

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