---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010278"
form_type: "8-K"
ticker: null
cik: "0001138978"
company_name: "Novo Integrated Sciences, Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T14:32:18.665693+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-010278
- form_type: 8-K
- cik: 0001138978
- company_name: Novo Integrated Sciences, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138978/000149315224010278/0001493152-24-010278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138978/000149315224010278/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010278
- JSON: https://secwatch.observer/filing/0001493152-24-010278.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010278.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138978/000149315224010278/0001493152-24-010278-index.htm

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