M&A
confidence high
sentiment negative
materiality 0.55
Nightfood completes acquisition of FHVH (RaaS hospitality); target had $0 revenue, $23.5K loss, going concern doubt
NightFood Holdings, Inc.
- FHVH audited financials: $0 revenue, net loss of $23,537 from Oct 27 (inception) to Dec 31, 2023.
- Total assets $26,463; total liabilities $50,000; stockholder's deficit of ($23,537) as of Dec 31, 2023.
- Auditors express substantial doubt about FHVH's ability to continue as a going concern.
- On Jan 22, 2024, FHVH became wholly owned by Nightfood via share exchange; additional $245K related party funding received Jan 2024.