Novo Integrated Sciences shares rise 70% after company secures $78 million in funding from HSBC for acquisition of Ophir Collection

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Novo Integrated Sciences NVOS jumped 70.29% In after hours trade has $0.77 following HSBC confirmation of A $78 million To wait for Letter of Credit.

What Arrived: Novo Integrated Sciences has confirmed receive writing confirmation Since HSBC For A Ready, Willing, And Able (RWA) issued For THE delivery of A To wait for Letter of Credit via Fast TM 760, according to has A business press release deposit with THE SEC.

This move East part of A program aiming has monetize THE SBLC, which East projected has provide THE business with raw funding product of approximately $78 million by June. 14.

THE product are destined has secure THE closing of A previously disclosed Purchase And Sale Agreement has acquire THE Ophir Collection, granting Novo alone ownership of This collection.

THE Ophir Collection refers to has A specific collection of precious stones, with 43 precious stones In total, 42 of which are approved by THE Gemological Institute of America.

Novo CEO Robert Mattacchione anticipates generator surplus species through THE Ophir Collection program, proof non-dilutive funding For THE the company growth goals in the middle of funding challenges confronted by micro-cap businesses.

He said, "OUR objective And to focus on provide non-dilutive funding For THE The society growth goals remains primordial. Specifically, both THE Ophir Collections monetize potential together with THE on hold close of THE previously disclosed $70 million SPA And Note with THE R.C. Consultant Consortium Band, SARL will create THE security net necessary For THE Business has pursue It is' short And long term global goals. »

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Novo Integrated Sciences concentrates on patient-centered health care solutions, integrating medical technology, advance therapeutic, And re-education science. Their approach goals has decentralize health care, improve patient-practitioner interactions And potentially reduce on the site medical center visits.

Price Action: NVOS farm has $0.45 on THURSDAY, showing A decrease of 0.84%. However, After hours, THE action jumped has $0.77, marking A increase of 70.29%. Year has date, THE action has experimented A decrease of 41.43%, according to has THE data Since Benzinga Pro.

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