Novo And Blacksheep Trust Have Signed A One Billion Dollar Master Collateral Transfer Agreement For The Purpose And General Use Of Monetization By Novo For A Period Of Up To 15 Years
Portfolio Pulse from Benzinga Newsdesk
Novo Integrated Sciences, Inc. (NASDAQ:NVOS) and Blacksheep Trust have signed a One Billion Dollar Master Collateral Transfer Agreement for the purpose of monetization by Novo for up to 15 years. The collateral transfer is expected to occur in one or more transactions during the current fiscal quarter. This transaction is expected to support Novo's international growth objectives.
September 28, 2023 | 8:19 pm
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Novo Integrated Sciences has signed a $1B Master Collateral Transfer Agreement with Blacksheep Trust. This is expected to support the company's international growth objectives.
The agreement provides Novo with a significant amount of capital that can be used for its growth objectives. This could potentially increase the company's market share and profitability, which would likely have a positive impact on its stock price.
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