debt
confidence high
sentiment neutral
materiality 0.50
Nightfood Holdings issues $425k senior secured note to Mast Hill Fund at 15% interest
NightFood Holdings, Inc.
- $425k principal with 10% OID, net proceeds of $382.5k to the company.
- Note matures in 24 months, bears 15% per annum interest.
- Convertible into common stock at $0.033/share upon an event of default.
- Amendments to existing security, pledge, and guarantee agreements with Mast Hill Fund.