secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2026-05-18T12:17:48+00:00
Accession:  0001104659-26-063032
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 8.01, 5.02, 1.02, 2.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inotiv obtains $40M bridge, waives Q2 leverage, forms strategic committee, settles cyber class action
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- Entered $40M bridge facility; borrowed $27.5M to repay all outstanding revolving loans (~$14.3M) and terminate revolver commitments.
- Lenders waived first lien net leverage ratio test for Q2 2026; minimum fixed charge covenant set at 1.00:1.00 from June 2026.
- Board appointed Eugene Davis and John T. Young to form Special Committee to evaluate strategic alternatives, including recapitalization.
- Missed $2.139M interest payment on 3.25% convertible notes due 2027; Supplemental Indenture extended grace period to May 29, 2026.
- Reached proposed settlement for August 2025 cyber incident privacy class action; payments expected fully covered by insurance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000110465926063032/0001104659-26-063032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000110465926063032/tm2614614d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-063032

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