debt
confidence high
sentiment neutral
materiality 0.40
Nightfood issues $206K senior secured note to Mast Hill Fund at 15% OID
NightFood Holdings, Inc.
- Principal amount $206,000; net proceeds $175,100 after 15% OID and $5,000 legal fees.
- Note matures 12 months from Feb 19, 2025; bears 15% annual interest.
- Convertible into common stock at $0.033/share only after an Event of Default.
- Company also amended existing security, pledge, and guarantee agreements with Mast Hill Fund.