secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0001213900-23-055514
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nightfood raises $55,250 via note with OID and warrants; issues 1.97M commitment shares
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- Issued $65,000 principal note to Fourth Man, LLC; purchase price $55,250 plus $9,750 OID.
- Issued warrants for 600,000 shares at $0.10/share; exercisable for 5 years.
- Issued 1,969,697 commitment shares; 1,477,272 to be cancelled if note repaid within 180 days.
- Conversion price of $0.033 per share; subject to 4.99% beneficial ownership cap.
- Proceeds used for operating capital; prepayment penalty of 110% of principal plus interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000121390023055514/0001213900-23-055514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000121390023055514/ea181508_8k-nightfood.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-055514

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