---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-009020"
form_type: "8-K"
ticker: null
cik: "0001138978"
company_name: "Novo Integrated Sciences, Inc."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T14:25:07.187919+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Novo Integrated Sciences issues $573K unsecured note and warrants to FirstFire Global

## Summary
- Issued 12% unsecured promissory note for $573K principal ($515.7K net after $57.3K OID) due March 21, 2024.
- Issued warrant to purchase up to 1M shares at $0.25/share for five years; note convertible at $0.175/share.
- Issued 955,000 restricted commitment shares as additional consideration for the financing.
- Amortization payments begin Sept 21, 2023; default triggers 125% penalty and 16% default interest.
- Total share issuance limited to 10M shares unless shareholder approval is obtained.

## SEC filing metadata
- accession: 0001493152-23-009020
- form_type: 8-K
- cik: 0001138978
- company_name: Novo Integrated Sciences, Inc.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138978/000149315223009020/0001493152-23-009020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138978/000149315223009020/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-009020
- JSON: https://secwatch.observer/filing/0001493152-23-009020.json
- Plain text: https://secwatch.observer/filing/0001493152-23-009020.txt

## Key facts
- Debt Financings
  Novo Integrated Sciences, Inc. incurred convertible notes of $573,000 with FirstFire Global Opportunities Fund, LLC at 12% per annum maturing March 21, 2024.
  - Instrument: convertible notes
  - Principal: $573,000
  - Counterparty: FirstFire Global Opportunities Fund, LLC
  - Rate: 12% per annum
  - Maturity: March 21, 2024
  - Event: incurrence
  source text: On March 21, 2023, Novo Integrated Sciences, Inc., a Nevada corporation (the "Company") entered into a securities purchase agreement (the "SPA") with FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company (the "Holder"), pursuant to which the Company issued an 12% unsecured promissory note (the "Note") with a maturity date of March 21, 2024 (the "Maturity Date"), in the principal sum of $573,000 (the "Principal Sum").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138978/000149315223009020/0001493152-23-009020-index.htm
- Material Agreements
  Novo Integrated Sciences, Inc. entered into SPA with FirstFire Global Opportunities Fund, LLC valued at $573,000 (effective 2023-03-21).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: FirstFire Global Opportunities Fund, LLC
  - Value: $573,000
  - Effective: 2023-03-21
  source text: On March 21, 2023, Novo Integrated Sciences, Inc., a Nevada corporation (the “Company”) entered into a securities purchase agreement (the “SPA”) with FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company (the “Holder”), pursuant to which the Company issued an 12% unsecured promissory note (the “Note”) with a maturity date of March 21, 2024 (the “Maturity Date”), in the principal sum of $573,000 (the “Principal Sum”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138978/000149315223009020/0001493152-23-009020-index.htm

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