Novo Integrated Sciences Receives SBLC Leasing and Monetizing Program Commencement of Disbursement Notice

July 19, 2024

DENVER, Colo., Jul 19, 2024 (247marketnews.com)- Novo Integrated Sciences, Inc. (NASDAQ:NVOS) reported receiving notice of the commencement of disbursement for the complete monetization of a Standby Letter of Credit (“SBLC”) and Novo Integrated Sciences expects final distribution of the previously reported approximately $78 million gross funding proceeds, under the SBLC monetization program, to follow on or before August 2.

Robert Mattacchione, Novo’s Chairman and CEO, commented, “The commencement of distribution marks the first payments in the process of full monetization of the SBLC. This step will now lead us to receiving our full expected payout as identified in the transaction documents. We look forward to engaging in our intended initiatives.”

About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.

24/7 MARKET NEWS, INC Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.

CONTACT:
24/7 Market News
Editor@247marketnews.com

Related news for (NVOS)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.