secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2026-06-08T21:02:33+00:00
Accession:  0001628280-26-041667
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 2.03, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inotiv enters $65.5M DIP financing, Nasdaq to delist shares June 11; expects total equity loss
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- DIP facility: $25M new money term loans + $40.5M roll-up of prepetition bridge loans; interest at Adjusted Term SOFR + 11.5%.
- Nasdaq notified Inotiv of delisting due to Chapter 11 filing; trading suspended June 11, 2026.
- Company states Plan contemplates cancellation of all existing equity interests with no distribution – total loss for shareholders.
- DIP liquidity covenant requires minimum $5M average weekly liquidity; 30-day budget variance testing applies.
- Upon emergence, expects up to $150M exit term loan facility; DIP loans convert dollar-for-dollar into exit loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000162828026041667/0001628280-26-041667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000162828026041667/notv-20260604.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-041667

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