secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001558370-21-014866
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 4.01, 5.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inotiv closes $271M+stock acquisition of Envigo, adds $200M credit facility
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- Acquired Envigo for $271M cash (incl. $13M WC adj. & $48M cash adj.) plus 9,036,538 common shares.
- Entered $165M term loan, $35M delayed draw, $15M revolver with Jefferies Finance; maturity Nov 2026.
- Dismissed auditor RSM (effective after FY21 audit) and engaged Ernst & Young for FY22.
- Board expanded to 7; Richard Johnson resigned, Nigel Brown and Scott Cragg appointed.
- Shareholders approved increase in authorized shares to 75M and issuance of shares for merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000155837021014866/0001558370-21-014866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000155837021014866/notv-20211102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-014866

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