secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001213900-24-007190
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nightfood Holdings issues $388,300 convertible note to Mast Hill Fund
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000121390024007190/0001213900-24-007190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000121390024007190/ea192344-8k_nightfood.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-007190

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