Novo Integrated Sciences Shares Surge 70% After Company Secures $78M Funding From HSBC For Acquisition Of Ophir Collection
Portfolio Pulse from Benzinga Neuro
Novo Integrated Sciences (NASDAQ: NVOS) surged 70.29% in after-hours trading following HSBC's confirmation of a $78 million Standby Letter of Credit. The funding will be used to acquire the Ophir Collection, a set of 43 gemstones, supporting Novo's non-dilutive financing for growth objectives.
May 31, 2024 | 3:17 am
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Novo Integrated Sciences (NASDAQ: NVOS) saw a 70.29% surge in after-hours trading after securing $78 million in funding from HSBC. The funds will be used to acquire the Ophir Collection, supporting the company's non-dilutive financing for growth.
The significant funding from HSBC and the acquisition of the Ophir Collection are likely to provide substantial financial support and growth potential for Novo Integrated Sciences. This positive development has already resulted in a 70.29% surge in after-hours trading, indicating strong investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100