---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-043534"
form_type: "8-K"
ticker: "NGTF"
cik: "0001593001"
company_name: "NightFood Holdings, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:04:51.861198+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nightfood issues $395K convertible note to Mast Hill Fund, 12-month maturity

## Summary
- Issued promissory note to Mast Hill Fund for $395,000; net proceeds $335,750 after $59,250 OID.
- Note convertible into common shares at $0.033 per share; conversion capped at 4.99% beneficial ownership.
- Maturity 12 months; default triggers 150% penalty plus acceleration; prepayment allowed at 100% plus interest.
- Proceeds used for business development, compliance, and M&A expenses.
- Company subject to restrictions on additional debt, dividends, asset sales, and variable rate transactions until note repaid.

## SEC filing metadata
- accession: 0001213900-24-043534
- form_type: 8-K
- ticker: NGTF
- cik: 0001593001
- company_name: NightFood Holdings, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593001/000121390024043534/0001213900-24-043534-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593001/000121390024043534/ea0206258-8k_nightfo.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-043534
- JSON: https://secwatch.observer/filing/0001213900-24-043534.json
- Plain text: https://secwatch.observer/filing/0001213900-24-043534.txt

## Key facts
- Debt Financings
  NightFood Holdings, Inc. incurred loan of principal amount of $395,000.00 with Mast Hill Fund, L.P. at lesser of (i) 16% per annum and (ii) the maximum amount permitted by law maturing 12-month anniversary of the Issuance Date.
  - Instrument: loan
  - Principal: principal amount of $395,000.00
  - Counterparty: Mast Hill Fund, L.P.
  - Rate: lesser of (i) 16% per annum and (ii) the maximum amount permitted by law
  - Maturity: 12-month anniversary of the Issuance Date
  - Event: incurrence
  source text: On May 9, 2024, Nightfood Holdings, Inc. (the “Company”) consummated the transactions pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) dated as of May 5, 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 $395,000.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593001/000121390024043534/0001213900-24-043534-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.