Inotiv, Inc. 8-K

What Happened

• Inotiv, Inc. (NOTV) announced on May 28, 2026 that, after receiving consents from holders of a majority in aggregate principal amount of its outstanding 3.25% Convertible Senior Notes due 2027, the company, guarantor BAS Evansville, Inc., and U.S. Bank Trust Company, N.A. (successor trustee) entered into a Second Supplemental Indenture.
• The Second Supplemental Indenture extends the applicable grace period for the company’s missed interest payment (originally due April 15, 2026) from 44 days to 51 days, moving the final day of the grace period to June 5, 2026. The April 15 interest amount was approximately $2.139 million.

Key Details

• Note issue: 3.25% Convertible Senior Notes due 2027.
• Missed payment: interest due April 15, 2026 — ~ $2.139 million.
• Grace period timeline: initially 30 days (through May 15, 2026), extended to 44 days (through May 29, 2026) by the First Supplemental Indenture, then to 51 days (through June 5, 2026) by the Second Supplemental Indenture dated May 28, 2026.
• The amendment was effected with consent from holders representing a majority in aggregate principal amount; the Second Supplemental Indenture is filed as Exhibit 4.1 to the 8-K.

Why It Matters

• The filing confirms Inotiv missed an interest payment and has obtained a temporary extension from noteholders—this is a material financing event that affects holders’ rights under the indenture.
• If interest remains unpaid after the extended grace period, noteholders may have remedies available under the indenture; investors should monitor further disclosures for payment, additional amendments, or other financings that address the missed interest.