Brief: Novan Satisfies $16.5 Million Outstanding Promissory Note

NVN Liquidation

19/07/2022 14:42

July 19 (Reuters) - Novan Inc  NOVN.O :
    * NOVAN SATISFIES $16.5 MILLION OUTSTANDING PROMISSORY NOTE
    * NOVAN INC - NOVAN SAVES $11.1 MILLION IN PRINCIPAL AND
FUTURE
INTEREST PAYMENTS WITH THE AGREEMENT
    * NOVAN INC - NOVAN'S COMMERCIAL OPERATIONS, COMPRISED OF
EPI
HEALTH, NOW NO LONGER SUBJECT TO ANY LIENS
    * NOVAN INC - CO AND EVENING POST GROUP ENTER INTO A LOAN
PAYOFF
AND TERMINATION AGREEMENT, FULLY SATISFYING PROMISSORY NOTE AND
ALL RELATED OBLIGATIONS

Source text for Eikon:  ID:nGNX2wWKrz 
Further company coverage:  NOVN.O 

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