Nightfood acquires RaaS startup Future Hospitality Ventures via share exchange; FHVH posts net loss of $23.5K

NightFood Holdings, Inc.

Closed Jan 22, 2024: FHVH became wholly-owned subsidiary in exchange for Series A and C shares of NGTF.
FHVH audited 2023 financials: zero revenue, net loss $23,537, cash $1,463, accumulated deficit $23,537.
Going concern doubt raised; FHVH has not commenced planned operations and expects significant additional costs.
Subsequent event: FHVH received $245K in additional related-party operating capital in January 2024.

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