secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001013762-23-003526
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nightfood closes $62k convertible note with Mast Hill Fund at $0.033 conversion
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- Issued promissory note for $62k principal ($52.7k net after $9.3k OID); matures Oct 5, 2024.
- Conversion price $0.033/share; holder capped at 4.99% beneficial ownership.
- Company may prepay before default; 150% acceleration upon default.
- Proceeds for working capital; note restricts dividends, additional debt, and asset sales.
- Private placement under Section 4(a)(2) exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000101376223003526/0001013762-23-003526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000101376223003526/ea186675-8k_nightfood.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-003526

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer