{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-032925","form_type":"8-K","ticker":null,"cik":"0001138978","company_name":"Novo Integrated Sciences, Inc.","filed_at":"2023-09-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.228962+00:00","generated_at":"2026-06-10T14:26:36.158172+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Novo Integrated Sciences enters $3.5M promissory note with Mast Hill Fund","bullets":["Issued a 12% promissory note with $3.5M principal; $350k OID reduces net proceeds to $3.15M.","Maturity date is September 12, 2024; note convertible into common stock at lesser of $0.45 or 91.5% of 5-day VWAP.","Amortization payments begin Dec 12, 2023; failure allows conversion at 85% of VWAP with $0.07 floor.","Subsidiary Acenzia Inc. guarantees repayment with security interest in assets, including Ontario property."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-032925","json":"https://secwatch.observer/filing/0001493152-23-032925.json","markdown":"https://secwatch.observer/filing/0001493152-23-032925.md","text":"https://secwatch.observer/filing/0001493152-23-032925.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223032925/0001493152-23-032925-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223032925/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T14:26:36.158172+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"169878406721344b1a38e0d0a50fb430414e9518","claim":"Novo Integrated Sciences, Inc. incurred loan of $3,500,000 with Mast Hill Fund, L.P. at 12% per annum maturing September 12, 2024.","evidence_excerpt":"On September 12, 2023, Novo Integrated Sciences, Inc., a Nevada corporation (the “Company”) entered into a securities purchase agreement (the “SPA”) with Mast Hill Fund, L.P., a Delaware limited partnership (the “Holder”), pursuant to which the Company issued an 12% promissory note (the “Note”) with a maturity date of September 12, 2024 (the “Maturity Date”), in the principal sum of $3,500,000 (the “Principal Sum”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223032925/0001493152-23-032925-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$3,500,000"},{"label":"Counterparty","value":"Mast Hill Fund, L.P."},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"September 12, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"31062da158988f002ba6245e5deb527d26c45030","claim":"Novo Integrated Sciences, Inc. entered into Securities Purchase Agreement with Mast Hill Fund, L.P. valued at 12% promissory note with principal sum of $3,500,000, original issue discount of $350,000, purchase (effective 2023-09-12).","evidence_excerpt":"Item 1.01. Entry into a Material Definitive Agreement. On September 12, 2023, Novo Integrated Sciences, Inc., a Nevada corporation (the \"Company\") entered into a securities purchase agreement (the \"SPA\") with Mast Hill Fund, L.P., a Delaware limited partnership (the \"Holder\"), pursuant to which the Company issued an 12% promissory note (the \"Note\") with a maturity date of September 12, 2024 (the \"Maturity Date\"), in the principal sum of $3,500,000 (the \"Principal Sum\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223032925/0001493152-23-032925-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Mast Hill Fund, L.P."},{"label":"Value","value":"12% promissory note with principal sum of $3,500,000, original issue discount of $350,000, purchase"},{"label":"Effective","value":"2023-09-12"}],"fact_type":"material_agreement"},{"claim_id":"bf13f2bb8c76fc729ba50dcc2ed88c7b53071d6c","claim":"Novo Integrated Sciences, Inc. entered into 12% Promissory Note with Mast Hill Fund, L.P. valued at 12% promissory note with principal sum of $3,500,000, original issue discount of $350,000, purchase (effective 2023-09-12).","evidence_excerpt":"Item 1.01. Entry into a Material Definitive Agreement. On September 12, 2023, Novo Integrated Sciences, Inc., a Nevada corporation (the \"Company\") entered into a securities purchase agreement (the \"SPA\") with Mast Hill Fund, L.P., a Delaware limited partnership (the \"Holder\"), pursuant to which the Company issued an 12% promissory note (the \"Note\") with a maturity date of September 12, 2024 (the \"Maturity Date\"), in the principal sum of $3,500,000 (the \"Principal Sum\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223032925/0001493152-23-032925-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Mast Hill Fund, L.P."},{"label":"Value","value":"12% promissory note with principal sum of $3,500,000, original issue discount of $350,000, purchase"},{"label":"Effective","value":"2023-09-12"}],"fact_type":"material_agreement"},{"claim_id":"dfcc8d794a9e41336f5c9e8cf6d65787c9afadff","claim":"Novo Integrated Sciences, Inc. entered into Guaranty with Mast Hill Fund, L.P. valued at Guarantor guaranteed repayment of the Note and granted a security interest in assets including prope (effective 2023-09-12).","evidence_excerpt":"The Company's subsidiary, Acenzia Inc., an Ontario corporation (the \"Guarantor\"), entered into a guaranty with the Holder on September 12, 2023 (the \"Guaranty\"). The Guarantor guaranteed the repayment of the Note and granted the Holder a security interest in the assets of the Guarantor, including but not limited to the property located at 1580 Rossi Drive, Tecumseh, Ontario, Canada.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223032925/0001493152-23-032925-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Mast Hill Fund, L.P."},{"label":"Value","value":"Guarantor guaranteed repayment of the Note and granted a security interest in assets including prope"},{"label":"Effective","value":"2023-09-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}