---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-030670"
form_type: "8-K"
ticker: null
cik: "0001138978"
company_name: "Novo Integrated Sciences, Inc."
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T01:48:01.733253+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Novo Integrated Sciences issues ~9.2M shares in Aug 2023 to settle debts and warrants; outstanding 157.6M

## Summary
- Jefferson Note default triggered $186,719 liquidated damages charge; converted to 2,365,104 shares on Aug 21, 2023.
- Mast Hill Fund converted $573,000 principal and interest on Mast Note for 5,227,762 shares on Aug 24, 2023.
- Additional issuances: 750,000 shares for consulting, 816,000 shares via warrant exercises between July 17 and Aug 24.
- Total common shares outstanding as of Aug 24, 2023: 157,593,050.
- Company relied on Section 4(a)(2) and Regulation D exemptions for unregistered sales.

## SEC filing metadata
- accession: 0001493152-23-030670
- form_type: 8-K
- cik: 0001138978
- company_name: Novo Integrated Sciences, Inc.
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.04, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138978/000149315223030670/0001493152-23-030670-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138978/000149315223030670/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-030670
- JSON: https://secwatch.observer/filing/0001493152-23-030670.json
- Plain text: https://secwatch.observer/filing/0001493152-23-030670.txt

## Key facts
- Debt Financings
  Novo Integrated Sciences, Inc. reported a default on convertible notes of principal amount of $937,500 with Jefferson Street Capital, LLC at 1% per annum maturing maturity date of May 17, 2022.
  - Instrument: convertible notes
  - Principal: principal amount of $937,500
  - Counterparty: Jefferson Street Capital, LLC
  - Rate: 1% per annum
  - Maturity: maturity date of May 17, 2022
  - Event: default
  source text: Capital, LLC (“Jefferson”) a secured convertible promissory note (the “Jefferson Note”) with a maturity date of May 17, 2022 (the “Maturity Date”), in the principal amount of $937,500. The Company acted as guarantor on the Jefferson Note. Pursuant to the terms of the Jefferson Note, Terra agreed to pay to Jefferson $937,500 (the “Principal Amount”), with a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138978/000149315223030670/0001493152-23-030670-index.htm

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