debt
confidence high
sentiment negative
materiality 0.65
FreeCast, Inc. (CAST): debt financing — FreeCast borrows additional $200K from CEO-affiliated lender; amends equity line with Amiens
FreeCast, Inc.
- Borrowed additional $200,000 on Mar 30, 2026 under $5M note with CEO-controlled Nextelligence; total outstanding $4.89M as of Apr 3.
- Note carries 12% fixed annual interest, matures June 30, 2026; convertible at $8.00/share; default rate rises to 18%.
- Amended $50M equity line with Amiens: pricing period extended to 10 trading days; registration filing deadline moved to 30 days post-Nasdaq listing.
- Commitment shares formula unchanged: issued on $15M and $30M milestones at lower of $10 or 5-day low VWAP.