secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001213900-23-074988
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 issues $60k convertible promissory note to Fourth Man, LLC with warrants and shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000121390023074988/0001213900-23-074988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000121390023074988/ea184799-8k_nightfood.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-074988

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer