Novo integrated sciences receives confirmation of issuance of sblc by hsbc for sblc leasing and monetizing program

Bellevue, wash.--(business wire)---- $nvos #aapi--novo integrated sciences, inc. (nasdaq: nvos) (the “company” or “novo”) announced today that it has received confirmation of the issuance of a standby letter of credit (“sblc”) by hsbc for delivery by swift mt760, as part of a program designed for monetizing sblcs. as previously reported, the company entered into an application for the monetizing program whereby the company is projected to receive gross funding proceeds of approximately $78 million under the sb.
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