NightFood Holdings, Inc. (NGTF): debt financing — Nightfood issues $336K convertible note to Mast Hill; conversion at $0.033

NightFood Holdings, Inc.

Net proceeds of $285,600 after $50,400 original issue discount; 12-month maturity from March 15, 2024.
Conversion price of $0.033 per share, with 4.99% beneficial ownership cap for Mast Hill.
Proceeds strictly for business development, compliance, and merger/acquisition activity.
Company restricted from new indebtedness, dividends, asset sales until note fully repaid or converted.

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 $336,000.00 with Mast Hill Fund, L.P. maturing 12-month anniversary of the Issuance Date.

Instrument: loan
Principal: $336,000.00
Counterparty: Mast Hill Fund, L.P.
Maturity: 12-month anniversary of the Issuance Date
Event: incurrence

Exact text from the filing

On March 15, 2024, Nightfood Holdings, Inc. (the “Company”) consummated the transactions pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) dated as of March 12, 2024 (the “Effective Date”) and issued and sold to Mast Hill Fund, L.P. (“Mast Hill”), a Promissory Note (the “Note”) in the principal amount of $336,000.00

View on SEC.gov

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

NightFood Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-024334

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.