secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2026-06-03T14:09:58+00:00
Accession:  0001104659-26-069950
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 1.03, 2.04, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inotiv files prepackaged Chapter 11; to cut debt by $326M, cancel existing equity
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- Debt reduction of approx. $326M through conversion of funded debt into reorganized company equity.
- DIP financing of $65.4M ($25M new money + $40.4M roll-up) to fund operations during Chapter 11.
- Existing common equity to be cancelled without any distribution – holders will receive nothing.
- Plan supported by substantial majorities of first lien, PIK note, and convertible note holders; prepackaged solicitation completed.
- Emergence expected within 50 days as a private company; normal operations continue with vendor/employee payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/tm2616729d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-069950

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