---
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"
generated_at: "2026-06-10T09:31:55.729347+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Novo Integrated Sciences issues $277,778 promissory note to FirstFire at 12%, with conversion discount

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-033457
- form_type: 8-K
- cik: 0001138978
- company_name: Novo Integrated Sciences, Inc.
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-033457
- JSON: https://secwatch.observer/filing/0001493152-23-033457.json
- Plain text: https://secwatch.observer/filing/0001493152-23-033457.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $277,777.77
  - Counterparty: FirstFire Global Opportunities Fund, L.P.
  - Rate: 12% per annum
  - Maturity: September 18, 2024
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1138978/000149315223033457/0001493152-23-033457-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: FirstFire Global Opportunities Fund, L.P.
  - Value: principal sum of $277,777.77
  - Effective: 2023-09-18
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1138978/000149315223033457/0001493152-23-033457-index.htm

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