NightFood Holdings, Inc. (NGTF): debt financing — Nightfood Holdings issues $388,300 convertible note to Mast Hill Fund

NightFood Holdings, Inc.

Principal amount $388,300 with OID of $58,245; net proceeds $330,055.
Note convertible into common stock at $0.033 per share; maturity 12 months from Jan 24, 2024.
Proceeds used for operating expenses and $250,300 to Future Hospitality Ventures for anticipated acquisition.
Note includes restrictive covenants on additional debt, dividends, asset sales, and changes in business.
Default triggers acceleration and 150% repayment of outstanding principal plus interest.

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 $388,300 with Mast Hill Fund, L.P. at 16% per annum maturing the 12-month anniversary of the Issuance Date.

Instrument: loan
Principal: $388,300
Counterparty: Mast Hill Fund, L.P.
Rate: 16% per annum
Maturity: the 12-month anniversary of the Issuance Date
Event: incurrence

Exact text from the filing

On January 24, 2024 (the "Issuance Date"), the Company entered into a Securities Purchase Agreement (the "Purchase Agreement"), and issued and sold to Mast Hill Fund, L.P. ("Mast Hill"), a Promissory Note (the "MH Note") in the principal amount of $388,300

View on SEC.gov

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

NightFood Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-007190

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.