Novo Integrated Sciences assigns $70M promissory note to affiliate RC Consulting Consortium Group LLC

Novo Integrated Sciences, Inc.

Assignment transfers all rights in SPA and $70M Note from RC Consulting Group LLC to RC Consulting Consortium Group LLC, both controlled by Roland Coston.
Terms of Note and SPA unchanged; 'Buyer' and 'Holder' redefined to Assignee.
Company reaffirms all representations and warranties under SPA and Note as of assignment date.
Prior Nasdaq minimum bid price non-compliance remains an Event of Default under the Note.
Limited waiver from Feb 2024 covering only deficiency notice, not delisting, stays in effect.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.92

Novo Integrated Sciences, Inc. entered into Assignment of Security Purchase Agreement and Promissory Note with RC Consulting Group LLC and RC Consulting Consortium Group LLC valued at Assignment of SPA and Note (effective 2024-03-18).

Action: entry
Counterparty: RC Consulting Group LLC and RC Consulting Consortium Group LLC
Value: Assignment of SPA and Note
Effective: 2024-03-18

Exact text from the filing

On March 18, 2024, the Company entered into the Assignment of Security Purchase Agreement and Promissory Note (the “Assignment”) with RC Consulting Group LLC and RC Consulting Consortium Group LLC.

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Source: SEC EDGAR

accession 0001493152-24-010278

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