NightFood Holdings, Inc. (NGTF): debt financing — Nightfood Holdings defaults on note payment; negotiating settlement with purchasers

NightFood Holdings, Inc.

Failed to pay remaining principal and accrued interest due Dec 29, 2022 on notes held by Puritan Partners and Verition.
Currently negotiating a settlement that may include extension, forbearance, or revised repayment terms.
Also negotiating with a potential funding source for capital to repay the owed amount; no assurance of success.
Default triggers event of default under the Securities Purchase Agreement and Notes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NightFood Holdings, Inc. reported a default on debt of all remaining principal and accrued and unpaid interest with Puritan Partners LLC and Verition Multi-Strategy Master Fund Ltd. maturing December 29, 2022.

Principal: all remaining principal and accrued and unpaid interest
Counterparty: Puritan Partners LLC and Verition Multi-Strategy Master Fund Ltd.
Maturity: December 29, 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. The Company is currently negotiating a settlement agreement with the Purchasers which may include, among other things, a further extension of the Maturity Date, a forbearance on repayment thereof or revised repayment terms, or a combination thereof.

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NightFood Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-001123

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