other material
confidence high
sentiment neutral
materiality 0.35
Nightfood amends $125K promissory notes, removes conversion adjustment, issues preferred stock
NightFood Holdings, Inc.
- Amended two promissory notes ($65K from June 2023 and $60K from Aug 2023) with Fourth Man, LLC, effective July 23, 2024.
- Removed right to conversion price adjustment under Section 3.21 through new maturity date of January 23, 2025.
- In exchange, increased total outstanding principal and accrued interest on the Notes and issued 1,667 shares of Series D Preferred Stock.