Can Novo Integrated Sciences repurchase nvos stock?

The current program allows for the repurchase of up to $5 million worth of NVOS stock. Novo Integrated Sciences is considering this option as it is closing a Standby Letter of Credit to complete its acquisition of Ophir Collection. The company is seeking to use any leftover funds from this transaction to buy back shares.

Why is Novo Integrated Sciences stock rocketing higher?

Novo Integrated Sciences (NASDAQ: NVOS) stock is rocketing higher on Friday after the company said it wants to further maximize its stock repurchase program. Novo Integrated Sciences’ Board of Directors is weighing options for a potential increase to the company’s stock repurchase program.

What happened to Novo Integrated Sciences?

What Happened: Novo Integrated Sciences has confirmed receiving written confirmation from HSBC for a Ready, Willing, and Able (RWA) issued for the delivery of a Standby Letter of Credit via Swift MT 760, according to a company press release filed with the SEC.