secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001213900-24-077127
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000121390024077127/0001213900-24-077127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000121390024077127/ea0213853-8k_nightfood.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-077127

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