---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-009164"
form_type: "8-K"
ticker: "NGTF"
cik: "0001593001"
company_name: "NightFood Holdings, Inc."
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T21:49:00.986564+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nightfood settles notes with Puritan/Verition, issues $619K Mast Hill note and CEO loan

## Summary
- Forbearance: Company to pay Puritan & Verition $482,250 each in 5 installments through May 31, 2023 for full note satisfaction.
- New Mast Hill note: $619K principal ($526K net + $92.85K OID), 12-month maturity, convertible at $0.10, plus warrants for 13.9M shares.
- CEO Sean Folkson loans $40K at 12% interest, repayable only after all other debt is satisfied.
- Exchange of returnable warrants: each holder gets 1,900,000 restricted shares; shares locked until Sep 24, 2023.
- Company issued additional equity since Nov 2022: 457,350 units, 922,876 shares on warrant exercise, and 750,000 on preferred conversion.

## SEC filing metadata
- accession: 0001213900-23-009164
- form_type: 8-K
- ticker: NGTF
- cik: 0001593001
- company_name: NightFood Holdings, Inc.
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593001/000121390023009164/0001213900-23-009164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593001/000121390023009164/ea172930-8k_nightfood.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-009164
- JSON: https://secwatch.observer/filing/0001213900-23-009164.json
- Plain text: https://secwatch.observer/filing/0001213900-23-009164.txt

## Key facts
- Debt Financings
  NightFood Holdings, Inc. incurred loan of $619,000.00 with Mast Hill Fund, L.P. at 16% per annum maturing the 12-month anniversary of the Issuance Date.
  - Instrument: loan
  - Principal: $619,000.00
  - Counterparty: Mast Hill Fund, L.P.
  - Rate: 16% per annum
  - Maturity: the 12-month anniversary of the Issuance Date
  - Event: incurrence
  source text: On February 5, 2023 (the "Issuance Date"), the Company entered into a Securities Purchase Agreement (the "Purchase Agreement") and issued and sold to Mast Hill, a Promissory Note (the "MH Note") in the principal amount of $619,000.00 (actual amount of purchase price of $526,150.00 plus an original issue discount ("OID") in the amount of $92,850.00).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593001/000121390023009164/0001213900-23-009164-index.htm
- Material Agreements
  NightFood Holdings, Inc. entered into Forbearance and Exchange Agreement with Puritan Partners LLC and Verition Multi-Strategy Master Fund Ltd. valued at $482,250.00 (effective 2023-02-04).
  - Action: entry
  - Counterparty: Puritan Partners LLC and Verition Multi-Strategy Master Fund Ltd.
  - Value: $482,250.00
  - Effective: 2023-02-04
  source text: On February 4, 2023, Nightfood Holdings, Inc. (the “Company”) entered into a Forbearance and Exchange Agreement (the “Forbearance Agreement”) with Puritan Partners LLC, a New York limited liability company (“Puritan Partners”), and Verition Multi-Strategy Master Fund Ltd. (“Verition,” and collectively with Puritan Partners, the “Holders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593001/000121390023009164/0001213900-23-009164-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.