Novo Integrated Sciences Inc NVOS shares are trading higher by 53.5% to $0.21 Friday morning after the company announced it received an Underwriting Clearance Notice for a $70 million coupon. The company says this is a debt funding transaction.
What Else?
Novo Integrated Sciences announced it has received approval for its transaction with RC Consulting LLC in favor of SCP Tourbillion Monaco, resulting in a "Clear to Close" status for an unsecured 15-year $70 million promissory note.
The company says the note has a yield of 1.52% per annum and a maturity date 15 years from the date of issuance, with no provisions for debt conversion, share issuance or warrants granted by the company to the buyer.
According to data from Benzinga Pro, NVOS has a 52-week high of $1.60 and a 52-week low of $0.06.
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