Bank Nova Scotia SEC Filings

Newmont Corporation (NEM) – Form 144 filing: Insider Peter I. Toth has notified the SEC of his intent to sell 3,000 common shares on or about 01 Jul 2025 through Fidelity Brokerage Services on the NYSE. The proposed sale has an estimated market value of $176,250, versus the company’s outstanding share count of 1,112,996,934; the transaction therefore represents roughly 0.0003 % of shares outstanding.

The shares were acquired via restricted-stock vesting on 27 Jul 2024 and are being sold for the account of Mr. Toth. He attests that he possesses no undisclosed material adverse information. Under Rule 144, the filer also discloses a recent selling pattern: in the past three months Mr. Toth sold 9,000 shares (3,000 each on 01 Apr, 01 May, and 02 Jun 2025) for total gross proceeds of $462,090.

The filing signals continued insider disposals but the absolute volume is immaterial relative to Newmont’s float. Nevertheless, investors often monitor repetitive insider sales for sentiment cues. No financial performance metrics, earnings data, or corporate strategic information are included in this notice.

Royal Bank of Canada (RY) is issuing $339,000 of senior unsecured Capped Return Notes linked to the S&P 500 Index, maturing 2 January 2030. The notes offer 100% participation in any index appreciation up to a Maximum Return of 41% (maximum redemption value of $1,410 per $1,000 principal). If the index finishes flat or lower on the 27 December 2029 valuation date, investors receive only their principal back. The structure therefore provides principal preservation at maturity but no downside participation, and upside is strictly capped.

Key commercial terms

• Issue price: 100% of principal; minimum investment $1,000.
• Participation rate: 100% (subject to the 41% cap).
• No periodic coupons; notes are non-interest-bearing.
• Initial estimated value: $986.09 per $1,000, below the public offering price because of structuring fee, internal funding rate and hedging costs.
• No underwriting commission to RBC Capital Markets, LLC (RBCCM); unaffiliated brokers may receive up to $8 per $1,000 as a structuring fee.
• Not exchange-listed; secondary liquidity, if any, will depend on RBCCM as market-maker.
• Credit exposure: senior unsecured obligation of Royal Bank of Canada; payments depend on issuer solvency.
• Tax: expected to be treated as contingent payment debt instruments (CPDI), requiring annual accrual of imputed interest for U.S. holders.

Illustrative performance: A 30% index gain would return $1,300 (30%), while any gain ≥41% is limited to $1,410 (41%). Any negative index return still redeems at par. Historical index data from 2015-2025 is provided only for context and not as a predictor.

Principal risks highlighted by the issuer include (i) capped upside relative to a direct equity investment, (ii) lack of interest payments and potential opportunity cost, (iii) issuer credit risk, (iv) illiquidity and potentially wide bid/ask spreads, (v) initial value below issue price, and (vi) complex CPDI tax treatment. The notes are not insured by CDIC or FDIC, are not bail-in-able under Canadian law, and are intended for buy-and-hold investors able to tolerate limited liquidity.

CNA Financial Corporation (NYSE: CNA) has filed a Form 144 indicating that Dino Robusto – identified in the filing as the selling security-holder – plans to sell 6,250 shares of CNA common stock through Fidelity Brokerage Services on or about July 1, 2025. The proposed sale carries an aggregate market value of $290,000. For context, CNA has approximately 270.6 million shares outstanding, so the contemplated sale represents less than 0.01 % of shares outstanding.

The filing also discloses that Mr. Robusto sold three prior blocks of 6,250 shares each during the past three months—on April 1, May 1, and June 2 2025—for total gross proceeds of $914,375. Including the proposed transaction, cumulative insider dispositions during the four-month span would reach 25,000 shares (about 0.009 % of total shares).

The shares to be sold were acquired via performance share plan (PSP) vesting on March 15, 2020; no cash purchase was involved. The seller certifies that he is not aware of any undisclosed material adverse information and, as required, affirms compliance with Rule 144 and (if applicable) Rule 10b5-1 trading-plan provisions.

Investment perspective: While continued insider selling can raise governance questions, the dollar amount and percentage of outstanding shares are immaterial to CNA’s capital structure. The filing is therefore routine rather than a catalyst for the stock, but investors may monitor the pattern for sentiment clues from senior leadership.

Schedule 13G/A (Amendment No. 3) – Vast Renewables Ltd (VSTE)

Individual investor Thomas John Corley has disclosed a passive ownership position in Vast Renewables Ltd as of 30 June 2025. He beneficially owns 4,655,014 ordinary shares, consisting of 3,522,559 issued shares and 1,132,455 shares underlying warrants. With 29,973,504 ordinary shares outstanding (per the company’s 6-K dated 28 Feb 2025), the holding represents 15.5 % of the outstanding equity.

• Sole voting & dispositive power: 4,655,014 shares
• Shared power: 0 shares
• Filing basis: Rule 13d-1(c) – passive investment; the filer certifies no intent to influence control
• Reporting person: U.S. citizen, address 132 Washington Place, State College, PA
• Event date: 30 Jun 2025; Signature date: 1 Jul 2025

The filing elevates Corley to insider-level transparency (>5 % holder), offering investors visibility into a significant stakeholder’s exposure. No group memberships, subsidiary holdings, or control ambitions are indicated.

Bank of Nova Scotia (BNS) is marketing Autocallable Leveraged Index Return Notes® (LIRNs) linked to the Nasdaq-100 Index® with a scheduled maturity in July 2028. The $10 face-value notes feature a single observation date about one year after pricing. If on that date the Index closes at or above its starting level, the notes are automatically called for $11.00 per unit, delivering a 10% absolute return and terminating the investment early.

If not called, holders participate in Index appreciation at a leverage factor to be fixed between 140%-160%. For example, at the indicative midpoint of 150%, a 20% Index rise would generate a 30% note return. There is no upside cap other than the leverage multiple. However, principal is fully at risk: if the Ending Value falls below the Starting Value, investors are exposed to a 1-for-1 loss of principal, down to zero, because the threshold is set at 100% of the Starting Value.

All payments rely on the senior unsecured credit of BNS. The initial estimated value is projected between $9.26 and $9.56, below the $10 public offer price, reflecting a $0.20 underwriting discount and a $0.05 hedging-related charge. Minimum purchase is 100 units, and investors buying ≥300,000 units in household accounts receive a $0.05 price concession. The notes will not be listed, and BofA Securities (calculation agent) is under no obligation to provide secondary liquidity.

Key terms:

• Principal Amount: $10 per unit
• Term: ~3 years if not called
• Call Level: 100% of Starting Value (Observation Date ~July 2026)
• Call Amount: $11.00 (includes $1.00 premium, 10%)
• Participation Rate: 140%-160% (set on pricing date)
• Threshold & Downside: 100% – full downside exposure
• Issuer Credit: senior unsecured claim on BNS; not FDIC/CDIC insured
• Secondary Market: none expected; any repurchases at issuer/agent discretion

Risk highlights detailed in the term sheet include potential loss of entire principal, valuation below issue price due to internal funding rate, limited liquidity, tax uncertainties under U.S. and Canadian law, and conflicts of interest as BofA Securities acts as calculation agent and hedging counterparty.

The product suits investors who are moderately bullish on the Nasdaq-100 over the next 12 months, can tolerate full downside risk, and do not require interim income or liquidity. It is not appropriate for capital-preservation objectives.

Intellinetics, Inc. (INLX) – Form 3 Initial Statement of Beneficial Ownership (filed 06/30/2025)

Newly reported insider Russell Jean Bernier, designated as a Director, disclosed his beneficial ownership in Intellinetics as of the event date 06/18/2025. The filing shows no non-derivative common shares presently held, but details 10,100 common shares underlying a mix of warrants and stock options, all held directly and currently exercisable.

• Warrants: 200 shares @ $12.50; 200 shares @ $9.00; 1,200 shares @ $4.00; 4,000 shares @ $4.62 – all expiring 03/30/2027.
• Stock Options: 4,500 shares @ $12.88, expiring 06/20/2035.

The Form 3 is a routine regulatory disclosure filed when an individual first becomes a Section 16 insider. It does not represent an open-market purchase or sale, and therefore does not immediately alter share count or cash flows. The range of exercise prices indicates prior incentive grants at varying valuation levels, offering potential upside alignment with shareholders should the stock price exceed strike levels.

Bank of Nova Scotia (BNS) is marketing an SEC-registered Free Writing Prospectus for Market-Linked, auto-callable, contingent coupon notes maturing July 27, 2029. Each $1,000 security is linked to the lowest performer among the Russell 2000, EURO STOXX 50 and Nasdaq-100 indices.

Key economic terms

• Contingent coupon: at least 11.00% p.a., paid quarterly only if the lowest-performing index is ≥ 75% of its starting level on the calculation day.
• Automatic call: beginning January 2026, the note is redeemed at par plus coupon if the lowest index is ≥ its starting level on any quarterly calculation day.
• Principal repayment: at maturity, investors receive $1,000 if the lowest index is ≥ 75% of its starting level; otherwise, repayment equals $1,000 × performance factor, exposing investors to full downside below the 75% threshold.
• Issue price: $1,000; Bank’s estimated value: $915.26–$945.26 (91.526%–94.526%), reflecting dealer spreads (up to 2.575%) and hedging costs.
• Denomination: $1,000; CUSIP 06418VZS6; pricing date July 31 2025; issue date August 5 2025.

Investor considerations

• No fixed interest; coupons and principal depend on quarterly index levels.
• Downside risk: up to 100% capital loss if the worst index falls ≥ 25% by final observation.
• Credit exposure to Bank of Nova Scotia; notes are unsecured and not FDIC-insured.
• Liquidity likely limited; secondary prices may be materially below face value due to fees and market factors.

The term sheet highlights extensive risk factors, including reinvestment risk, index correlation risk, non-U.S. market risk and tax uncertainty. Investors should review the full preliminary pricing supplement and related prospectus documents before investing.

Old Market Capital Corporation (NASDAQ: OMCC) has filed Form 10-K/A (Amendment No. 1) for the fiscal year ended 31 March 2025. The amendment is narrowly focused and does not revise previously issued financial statements. Instead, it corrects two clerical items on the original Form 10-K:

• Auditors’ Report date change: The opinion of Forvis Mazars, LLP is re-dated to 27 June 2025 (from 27 June 2024).
• Sarbanes-Oxley §404(b) checkbox: The “internal control over financial reporting” attestation box is now unchecked; the company was not subject to an auditor’s ICFR opinion.

The re-issued audit report remains unqualified, confirming that the consolidated financial statements for FY 2024 and FY 2025 are presented fairly in accordance with U.S. GAAP. The auditor again highlights one Critical Audit Matter: valuation of property, plant & equipment, trade name, and customer relationships acquired via the 15 June 2024 acquisition of Amplex Electric, Inc. Key assumptions scrutinised include projected cash flows, attrition rates, discount rates and royalty rates, for which internal valuation specialists were engaged.

Capitalisation snapshot: As of 23 June 2025 the company had 12.7 million shares issued, but 6.7 million are entitled to vote after subtracting treasury and subsidiary-held shares. Aggregate market value held by non-affiliates was $42.3 million based on 30 September 2024 NASDAQ pricing.

Aside from the technical corrections above, no quantitative operating or earnings data are provided in this amendment. Governance disclosures confirm the company is a non-accelerated filer, smaller reporting company, and not an emerging growth company. Management and board signatures were re-submitted as of 30 June 2025.