Novo Integrated Sciences Receives Confirmation Of Issuance Of SBLC By HSBC For SBLC Leasing And Monetizing Program; Projected To Receive Gross Funding Proceeds Of ~$78M
Portfolio Pulse from Benzinga Newsdesk
Novo Integrated Sciences has received confirmation from HSBC for the issuance of a Standby Letter of Credit (SBLC) for its SBLC leasing and monetizing program. The company is projected to receive gross funding proceeds of approximately $78 million.
June 13, 2024 | 8:34 pm
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Novo Integrated Sciences has secured a Standby Letter of Credit (SBLC) from HSBC, which is expected to bring in approximately $78 million in funding. This development could significantly enhance the company's financial position.
The confirmation of SBLC issuance by HSBC and the projected $78 million in funding are likely to positively impact NVOS's financial health and investor sentiment. This could lead to a short-term increase in the stock price.
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