NightFood Holdings, Inc. (NGTF): debt financing — Nightfood defaults on Note payment; obtains two-week grace period from Purchasers

NightFood Holdings, Inc.

Missed Dec 10, 2022 maturity payment on Notes to Puritan Partners and Verition; event of default triggered.
Purchasers agreed to two-week grace period through Dec 29, 2022 to allow restructuring and payment.
Company received term sheet for additional capital from another lender to fulfill obligations.
Owed Amount includes all remaining principal and accrued unpaid interest on the Maturity Date.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NightFood Holdings, Inc. reported a default on debt with Purchasers (Puritan Partners LLC and Verition Multi-Strategy Master Fund Ltd.) maturing December 10, 2022.

Counterparty: Purchasers (Puritan Partners LLC and Verition Multi-Strategy Master Fund Ltd.)
Maturity: December 10, 2022
Event: default

Exact text from the filing

The Owed Amount was not paid by the Company in accordance with the terms of the Notes.

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NightFood Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-080150

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