secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001213900-23-095171
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nightfood issues $170,588 promissory note to Mast Hill Fund with conversion at $0.033/share
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- Company issued $170,588 promissory note (purchase price $145,000) to Mast Hill Fund, L.P. on December 7, 2023.
- Note matures 12 months from issuance; convertible into common stock at $0.033 per share, subject to 4.99% ownership cap.
- Proceeds are strictly for expenses related to ongoing acquisition and uplist activity.
- Note restricts additional debt, dividends, asset sales, affiliate transactions, and variable rate transactions.
- Upon default, holder may accelerate and demand 150% of outstanding principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000121390023095171/0001213900-23-095171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000121390023095171/ea189938-8k_nightfood.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-095171

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