{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-033457","form_type":"8-K","ticker":null,"cik":"0001138978","company_name":"Novo Integrated Sciences, Inc.","filed_at":"2023-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.229379+00:00","generated_at":"2026-06-10T09:31:55.729347+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Novo Integrated Sciences issues $277,778 promissory note to FirstFire at 12%, with conversion discount","bullets":["Issued 12% promissory note for $277,777.77 principal (OID $27,777.77); net proceeds $250,000.","Maturity date September 18, 2024; holder may convert at lesser of $0.45 or 91.5% of lowest VWAP over five trading days.","Amortization payments begin December 18, 2023; failure triggers conversion at 85% of VWAP.","Default triggers immediate payment of principal plus accrued interest multiplied by 125% and default interest at 16%.","Subsidiary Acenzia Inc. guaranteed the note with a junior security interest on its Tecumseh, Ontario property."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-033457","json":"https://secwatch.observer/filing/0001493152-23-033457.json","markdown":"https://secwatch.observer/filing/0001493152-23-033457.md","text":"https://secwatch.observer/filing/0001493152-23-033457.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223033457/0001493152-23-033457-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223033457/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T09:31:55.729347+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":"991e16bc197287f46dfadebcd4bfbdbe7c04eea7","claim":"Novo Integrated Sciences, Inc. incurred loan of $277,777.77 with FirstFire Global Opportunities Fund, L.P. at 12% per annum maturing September 18, 2024.","evidence_excerpt":"On September 18, 2023, Novo Integrated Sciences, Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with FirstFire Global Opportunities Fund, L.P., a Delaware limited liability company (the “Holder”), pursuant to which the Company issued an 12% promissory note (the “Note”) with a maturity date of September 18, 2024 (the “Maturity Date”), in the principal sum of $277,777.77 (the “Principal Sum”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223033457/0001493152-23-033457-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$277,777.77"},{"label":"Counterparty","value":"FirstFire Global Opportunities Fund, L.P."},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"September 18, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"608d6a5e68b684fef7bbafe023a24aaa1748f9f7","claim":"Novo Integrated Sciences, Inc. entered into Securities Purchase Agreement with FirstFire Global Opportunities Fund, L.P. valued at principal sum of $277,777.77 (effective 2023-09-18).","evidence_excerpt":"On September 18, 2023, Novo Integrated Sciences, Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with FirstFire Global Opportunities Fund, L.P., a Delaware limited liability company (the “Holder”), pursuant to which the Company issued an 12% promissory note (the “Note”) with a maturity date of September 18, 2024 (the “Maturity Date”), in the principal sum of $277,777.77 (the “Principal Sum”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1138978/000149315223033457/0001493152-23-033457-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"FirstFire Global Opportunities Fund, L.P."},{"label":"Value","value":"principal sum of $277,777.77"},{"label":"Effective","value":"2023-09-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}