Company: NOTV
Filing Date: 2025-08-29
Form Type: S-3
Source: 0001628280-25-041413
Chunk: 57

Company: Inotiv, Inc.
Filing Date: 2025-08-29
Form: S-3
Chunk 57
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 any cash dividends in the foreseeable future. Any future determination to pay cash dividends will be at the discretion of our board of directors and will be dependent upon our financial condition, results of operations, capital requirements, restrictions under any future indebtedness and other factors the board of directors deems relevant. In addition, the terms of our Credit Agreement with a group of lenders and Jefferies Finance LLC, as administrative agent and collateral agent, restrict our ability to pay dividends to limited circumstances.

<div align='center'>S-8</div>

### DILUTION
If you invest in our common shares, your interest will be diluted to the extent of the difference between the price per share you pay in this offering and the net tangible book value per share of our common shares immediately after this offering. The net tangible book value (deficit) of our common shares as of June 30, 2025 was approximately $(199,431,000), or approximately $(5.81) per share based upon 34,354,251 shares outstanding. Net tangible book value (deficit) per share is equal to our total tangible assets, less our total liabilities, divided by the total number of shares outstanding as of June 30, 2025. Assuming the shares available for sale pursuant to this prospectus supplement are sold at a purchase price of $1.74, which was the closing price of our common shares on Nasdaq on August 26, 2025, and that the approximately 28,735,632 shares offered hereunder are sold, after giving effect to such sale, our as-adjusted net tangible book value (deficit) would have been approximately $(149,431,000), or approximately $(2.37) per share based upon 63,089,883 shares outstanding. This represents an immediate increase in net tangible book value (deficit) of $3.44 per share to our existing shareholders and an immediate dilution in net tangible book value (deficit) of $(4.11) per share to new investors. The following table illustrates this calculation on a per share basis:

| Assumed offering price per share                                                               
 Net tangible book value (deficit) per share as of June 30, 2025                                |     |   | (5.81) |     |   |  1.74 |
|:-----------------------------------------------------------------------------------------------|:----|:--|-------:|:----|:--|------:|
| Increase in net tangible book value per share attributable to the offering