---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-047494"
form_type: "8-K"
ticker: "NGTF"
cik: "0001593001"
company_name: "NightFood Holdings, Inc."
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T04:58:16.094637+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nightfood issues $200K convertible note to Mast Hill; CEO pledges shares

## Summary
- Issued $200K promissory note (net $170K after $30K OID) to Mast Hill Fund, maturing in 12 months.
- Note convertible at $0.10/share; Mast Hill limited to 4.99% beneficial ownership cap.
- CEO Sean Folkson pledged all his common stock and equivalents as collateral via Pledge Agreement.
- Company issued 298,875 warrants at $0.05688 to J.H. Darbie & Co. as placement agent fees.
- Proceeds used for debt service; note restricts additional debt, dividends, and asset sales.

## SEC filing metadata
- accession: 0001213900-23-047494
- form_type: 8-K
- ticker: NGTF
- cik: 0001593001
- company_name: NightFood Holdings, Inc.
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593001/000121390023047494/0001213900-23-047494-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593001/000121390023047494/ea180023-8k_nightfood.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-047494
- JSON: https://secwatch.observer/filing/0001213900-23-047494.json
- Plain text: https://secwatch.observer/filing/0001213900-23-047494.txt

## Key facts
- Debt Financings
  NightFood Holdings, Inc. incurred convertible notes of $200,000.00 ($170,000 purchase price plus $30,000 original issue discount) with Mast Hill Fund, L.P. at 16% per annum upon default; OID of $30,000 maturing 12-month anniversary of June 1, 2023 (June 1, 2024).
  - Instrument: convertible notes
  - Principal: $200,000.00 ($170,000 purchase price plus $30,000 original issue discount)
  - Counterparty: Mast Hill Fund, L.P.
  - Rate: 16% per annum upon default; OID of $30,000
  - Maturity: 12-month anniversary of June 1, 2023 (June 1, 2024)
  - Event: incurrence
  source text: On June 2, 2023, Nightfood Holdings, Inc. (the “Company”) consummated the transactions pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) dated as of June 1, 2023 (the “Effective Date”) and issued and sold to Mast Hill Fund, L.P. (“Mast Hill”), a Promissory Note (the “Note”) in the principal amount of $200,000.00 (actual amount of purchase price of $170,000 plus an original issue discount (“OID”) in the amount of $30,000).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593001/000121390023047494/0001213900-23-047494-index.htm

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