secwatch.observer — SEC 8-K summary
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Issuer:     FreeCast, Inc. (CAST)
CIK:        0001633369
Form:       8-K
Filed at:   2026-04-03T23:59:59+00:00
Accession:  0001213900-26-039990
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreeCast borrows additional $200K from CEO-affiliated lender; amends equity line with Amiens
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633369/000121390026039990/0001213900-26-039990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633369/000121390026039990/ea0285121-8k_freecast.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-039990

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