Novo Integrated and Northrop Grumman: Breakthrough Mega Deals
- September 29th, 2023
- 506 views
Shares of Novo Integrated Sciences, Inc. (Nasdaq: NVOS) surged by more than 100% in after-hours trading following the company's announcement of a significant development. Novo and Blacksheep Trust have finalized a One Billion Dollar Master Collateral Transfer Agreement, which is intended for the purpose of monetization by Novo and is valid for up to 15 years.
The actual transfer of the One Billion Dollar collateral is anticipated to take place in one or more transactions during the current fiscal quarter, pending third-party audit procedures.
$NVOS trading at $0.43 in the extended session, up $0.23 (+117.56%).
In other news, Northrop Grumman Systems Corp., a subsidiary of Northrop Grumman Corporation (NYSE: NOC), has secured a substantial contract modification worth $513,035,458 for Ground/Air Task Oriented Radar (G/ATOR) systems. This modification facilitates the acquisition of up to 14 additional full-rate production G/ATOR systems. The Marine Corps Systems Command in Quantico, Virginia, is responsible for overseeing this contract.
On Thursday, $NOC closed at $439.50, representing a gain of $2.26 (+0.52%).
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