secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001213900-24-024334
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 $336K convertible note to Mast Hill; conversion at $0.033
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000121390024024334/0001213900-24-024334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000121390024024334/ea0202184-8k_nightfood.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-024334

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