Nightfood Holdings acquires SWC Group for $10M in Series C Preferred stock; SWC becomes wholly owned subsidiary

NightFood Holdings, Inc.

Acquired all outstanding shares of SWC Group for $10M paid as 83,333 shares of Series C Preferred Stock.
SWC becomes a wholly owned subsidiary of Nightfood through its subsidiary Future Hospitality Ventures Holdings.
Within 30 days, two directors nominated by SWC will be appointed to Nightfood's board.
Sugarmade, SWC's sole shareholder, enters a 9-month lock-up on NGTF securities with certain exceptions.
Financial statements of SWC will be filed via an amendment to this 8-K within 71 days.

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