FreeCast, Inc. (CAST): debt financing — FreeCast borrows $4.42M from CEO-controlled entity via convertible note due June 2026

FreeCast, Inc.

Outstanding principal $4,424,052 as of March 5, 2026, with initial draw of $1,315,552 on Nov 21, 2025.
Nine separate draws from Jan 23 to Mar 4, 2026 added $1,698,500.
Note bears 12% fixed interest, convertible into Class A common at $8.00/share at lender's option.
Maturity date June 30, 2026; default interest rate 18%.
Lender Nextelligence is controlled by CEO William A. Mobley Jr., making this a related-party transaction.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FreeCast, Inc. amended revolving credit of not more than $5 million with Nextelligence, Inc. at 12.0% maturing June 30, 2026.

Instrument: revolving credit
Principal: not more than $5 million
Counterparty: Nextelligence, Inc.
Rate: 12.0%
Maturity: June 30, 2026
Event: amendment

Exact text from the filing

that on November 21, 2025, the Company entered into a revolving convertible promissory note with Nextelligence, Inc.(“ Nextelligence ”) in the principal amount of not more than $5 million (the “ Note ”). Nextelligence is controlled by William A. Mobley, Jr., our Chief Executive Officer, Chairman of our board of directors and holder of the majority voting power of

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FreeCast, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-024131

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