NOTV: 15-12G · delisting
Inotiv Parent, LLC filed a Form 15-12G to suspend its duty to file reports with the SEC and terminate the registration of its Common Shares under Section 12(g) of the Securities Exchange Act of 1934. The company relied on Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i), citing that the number of holders of record had fallen below the 300 threshold required to maintain public registration. As of the certification date, there were approximately 19 holders of record of the company's Common Shares. The suspension of reporting duties signals that the company is deregistering its securities and will no longer provide public financial transparency or adhere to periodic reporting obligations. The filing was signed by Beth A. Taylor, Chief Financial Officer and Executive Vice President, on behalf of Inotiv Parent, LLC. This action effectively concludes the company's status as a publicly reporting entity.
Inotiv Successfully Completes Financial Restructuring Process
Inotiv announced it has completed its financial restructuring process and emerged from Chapter 11 protection. The company reduced its debt by approximately $326 million and strengthened its capital structure with support from stakeholders managing more than $60 billion in assets. President and CEO Bob Leasure will continue to lead the team as Inotiv focuses on executing its long-term growth initiatives.
NOTV: 8-K · bankruptcy
Inotiv announced that the U.S. Bankruptcy Court confirmed its joint prepackaged Chapter 11 plan of reorganization. The confirmation marks the final step in the company's restructuring process, which will result in the immediate cancellation of all existing common stock. Under the terms of the confirmed plan, all 35,172,908 outstanding shares will be extinguished, and current shareholders will receive no distribution or value. Inotiv intends to emerge from Chapter 11 as a private company, effectively ending its tenure as a publicly traded entity. The new ownership structure will be comprised of the company’s prepetition creditors, who will receive 5,100,000 shares of new equity interests and warrants for an additional 630,337 shares. This swap settles approximately $435 million in aggregate principal owed to first-lien lenders and noteholders.
Inotiv Announces Confirmation of Plan of Reorganization
Inotiv announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed its Plan of Reorganization, positioning the company to emerge shortly from Chapter 11 protection. The company expects to exit the process with a significantly strengthened balance sheet, supported by existing stakeholders who collectively manage more than $60 billion in assets and have provided additional capital. Business operations are continuing as usual throughout the final steps of emergence, with the company maintaining focus on study execution and partner engagement.
Inotiv, Inc. (NOTV) has entered into a $65.5 million superpriority secured debtor-in-possession (DIP) credit facility following its voluntary Chapter 11 bankruptcy filing on June 3, 2026. The facility consists of $25 million in new money term loans and a $40.5 million roll-up of prepetition bridge loans, bearing interest at Adjusted Term SOFR plus 11.5% paid in kind. Nasdaq has notified Inotiv that its common shares will be delisted effective June 11, 2026, due to the bankruptcy proceedings. The company does not intend to appeal this determination, and trading will be suspended at the opening of business on that date. The DIP facility includes strict covenants, including a minimum weekly liquidity requirement of $5 million and variance testing on operating receipts and disbursements. Upon emergence from bankruptcy, the company expects to convert the DIP obligations into an exit term loan facility of up to $150 million.
Inotiv, Inc. filed voluntary petitions for Chapter 11 bankruptcy protection on June 3, 2026, to implement a prepackaged restructuring plan supported by majorities of its first lien lenders, second lien note holders, and unsecured convertible note holders. The restructuring plan contemplates the cancellation and extinguishment of all existing equity interests without any distribution to current shareholders, effectively wiping out the value of the company's common stock. The company will receive a $65.4 million debtor-in-possession (DIP) financing facility to fund operations during the bankruptcy, which will roll into a $150 million exit term loan facility upon emergence. The reorganized company is expected to emerge as a private entity within 50 days, with creditors receiving new equity interests and warrants based on a $350 million post-transaction enterprise value.
Inotiv Reaches Agreement to Strengthen Capital Structure and Position Company for Future Growth
Inotiv filed a voluntary, pre-packaged Chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the Southern District of Texas to implement a recapitalization transaction. The company entered into a Restructuring Support Agreement with substantially all of its junior creditors, aiming to reduce debt by approximately $326 million. Inotiv secured $65 million in new money financing, comprising $25 million in debtor-in-possession financing and $40 million in prior bridge financing, to support operations during the process. Management expects to emerge from Chapter 11 on an expedited basis with a strengthened capital structure, while maintaining normal business operations and paying vendors and employees in the ordinary course.
NOTV: 8-K · debt financing
Inotiv, Inc. disclosed on May 28, 2026, that it failed to make a required interest payment of approximately $2.14 million on its $140 million 3.25% Convertible Senior Notes due 2027. The company was originally required to pay the interest on April 15, 2026, but missed the deadline, triggering a default provision under the indenture. To avoid an immediate default, Inotiv secured consent from holders of a majority of the outstanding notes to execute a Second Supplemental Indenture. This agreement extends the grace period for the missed interest payment from 44 days to 51 days, pushing the new deadline to June 5, 2026. This is the second extension of the grace period for this specific missed payment, following a First Supplemental Indenture dated May 15, 2026. The repeated inability to service debt obligations signals material liquidity stress and raises concerns about the company's near-term financial stability.
Inotiv, Inc. entered into a Ninth Amendment to its Credit Agreement, establishing a $40 million bridge facility to repay its revolving credit line and fund the evaluation of strategic alternatives. The company borrowed $27.5 million under this new facility, using the proceeds to pay off approximately $14.3 million in outstanding revolver debt and deferred fees. The amendment includes a temporary waiver of a cross-default triggered by the company's failure to make a $2.14 million interest payment on its convertible senior notes. Lenders have granted a grace period extension until May 29, 2026, and waived the default through June 3, 2026, while the company explores restructuring options. A special committee of independent directors has been formed to oversee the evaluation of strategic alternatives, including potential recapitalization or bankruptcy. The board also approved an executive retention plan worth up to $3.9 million to incentivize key employees during this period of uncertainty.
Inotiv, Inc. disclosed that lenders under its Credit Agreement granted a waiver for the minimum liquidity covenant for the May 1, 2026, and May 8, 2026 test dates. The waiver was limited to these specific liquidity test dates and did not result in any amendments to the provisions of the Credit Agreement.
