---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-024131"
form_type: "8-K"
ticker: "CAST"
cik: "0001633369"
company_name: "FreeCast, Inc."
filed_at: "2026-03-05T23:59:59+00:00"
generated_at: "2026-05-15T19:41:27.076993+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FreeCast borrows $4.42M from CEO-controlled entity via convertible note due June 2026

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-024131
- form_type: 8-K
- ticker: CAST
- cik: 0001633369
- company_name: FreeCast, Inc.
- filed_at: 2026-03-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633369/000121390026024131/0001213900-26-024131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633369/000121390026024131/ea0280262-8k_freecast.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-024131
- JSON: https://secwatch.observer/filing/0001213900-26-024131.json
- Plain text: https://secwatch.observer/filing/0001213900-26-024131.txt

## Source-grounded claims
- claim_id: 4102789ec9e0aed29c147b677e9a4016b931ed51
  claim: FreeCast, Inc. amended revolving credit of not more than $5 million with Nextelligence, Inc. at 12.0% maturing June 30, 2026.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633369/000121390026024131/0001213900-26-024131-index.htm

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