Summary by Futu AI
On April 4, 2024, Novo Integrated Sciences, Inc. reported the issuance of an aggregate of 826,203 shares of common stock to Mast Hill and 480,000 shares to FirstFire. This was in connection with the conversion of note principal and interest amounts totaling $271,226 and $104,712 for Mast Hill, and $195,016 and $8,333 for FirstFire, respectively. The company stated that the issuance is exempt from registration under the Securities Act of 1933, citing the private placement nature of the transaction, the accredited investor status of the recipients, and the investment intent behind the securities acquisition. Novo Integrated Sciences confirmed the report was signed by Robert Mattacchione on April 10, 2024.