NightFood Holdings, Inc. (NGTF): debt financing — Nightfood issues $60k convertible promissory note to Fourth Man, LLC with warrants and shares

NightFood Holdings, Inc.

Principal $60,000; purchase price $51,000 ($9,000 OID); 12-month maturity.
Issued 650,000 warrants at $0.10/share and 3,333,333 commitment shares (half returnable after 180 days).
Note convertible at $0.033/share, capped at 4.99% beneficial ownership; prepayment at 110% plus fees.
Proceeds for operating capital; note restricts new debt, dividends, asset sales, and variable-rate transactions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NightFood Holdings, Inc. incurred loan of $60,000.00 with Fourth Man, LLC at 16% per annum maturing the 12-month anniversary of the Effective Date.

Instrument: loan
Principal: $60,000.00
Counterparty: Fourth Man, LLC
Rate: 16% per annum
Maturity: the 12-month anniversary of the Effective Date
Event: incurrence

Exact text from the filing

On August 31, 2023, Nightfood Holdings, Inc. (the “Company”) consummated the transactions pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) dated as of August 28, 2023 (the “Effective Date”) and issued and sold to Fourth Man, LLC (“Fourth Man”), a Promissory Note (the “Note”) in the principal amount of $60,000.00 (actual amount of purchase price of $51,000 plus an original issue discount (“OID”) in the amount of $9,000).

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

NightFood Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-074988

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.