Novo Integrated Sciences Provides Update On Potential Share Repurchase Program; Evaluating A Share Buyback Of Up To $5M Upon Closing And Funding Of The $70M RC Note With A Total Draw Of $57M; Or Swag Agreement For The Purchase Of Precious Gem Colllection
Portfolio Pulse from Benzinga Newsdesk
Novo Integrated Sciences, Inc. (NASDAQ:NVOS) is considering a share buyback of up to $5 million upon closing and full funding of either the $70 million RC Note with a total draw of $57 million, or the SWAG Agreement for the purchase of a precious gem collection. Both transactions have been previously disclosed.
September 08, 2023 | 1:02 pm
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Novo Integrated Sciences is considering a share buyback of up to $5M, which could potentially increase the stock's value.
Share buybacks often lead to an increase in the stock's value as they reduce the number of shares in circulation, thereby increasing earnings per share. This could potentially lead to an increase in Novo Integrated Sciences' stock value.
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