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Press Release 2016 4 NOVA
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no-ma stands for Notice of Material Adverse Change.
Companies or individuals involved in a business transaction that has experienced a material adverse change are required to file no-ma.
No-ma forms can be filled out electronically or manually and must include detailed information regarding the material adverse change.
The purpose of filing no-ma is to inform relevant parties about a material adverse change that may impact the outcome of a business transaction.
Information such as the nature of the adverse change, the impact on the transaction, and any relevant financial implications must be reported on no-ma.
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