secwatch.observer — SEC 8-K summary
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Issuer:     Novo Integrated Sciences, Inc. (—)
CIK:        0001138978
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001493152-24-010278
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138978/000149315224010278/0001493152-24-010278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138978/000149315224010278/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010278

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