secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001213900-23-009164
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000121390023009164/0001213900-23-009164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000121390023009164/ea172930-8k_nightfood.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-009164

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