Brief: Novan Reaches Deal With Evening Post Group Regarding Payment, Termination

NVN Liquidation

19/07/2022 13:42

July 19 (Reuters) - Novan Inc  NOVN.O :
    * NOVAN INC - ON JULY 13, REACHED AGREEMENT WITH EVENING
POST
GROUP, LLC REGARDING PAYMENT AND TERMINATION
    * NOVAN INC - ACHIEVED THE TERMINATION BY A PAYMENT OF $10
MILLION, OR AN ABOUT 39% DISCOUNT ON ORIGINAL PRINCIPAL AMOUNT
OF PROMISSORY NOTE
    * NOVAN INC - INTENDS TO EXPLORE VARIOUS ALTERNATIVES FOR
RAISING
ADDITIONAL FUNDS TO SUPPORT ITS OPERATIONS

Further company coverage:  NOVN.O 

 ((Reuters.Briefs@thomsonreuters.com;))