FreeCast, Inc. (CAST): debt financing — FreeCast enters $5M convertible note with CEO-controlled entity, converts $1.7M to equity

FreeCast, Inc.

Renewal convertible note (up to $5M) with Nextelligence, controlled by CEO William Mobley, matures June 30, 2027.
Interest at 12% p.a.; default rate 18%; prepayment allowed with 5 days notice.
Upon execution, Nextelligence converted $1,714,052 principal into 484,354 shares at $3.51 and $4.00 per share.
Outstanding principal after conversion is $3.4M; note replaces prior note dated Nov 21, 2025.
Conversion price based on prior trading day's Nasdaq closing price; proportional adjustments for splits.

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 convertible notes of not to exceed $5 million with Nextelligence, Inc. at 12.0% maturing June 30, 2027.

Instrument: convertible notes
Principal: not to exceed $5 million
Counterparty: Nextelligence, Inc.
Rate: 12.0%
Maturity: June 30, 2027
Event: amendment

Exact text from the filing

On April 20, 2025, (the “ Effective Date ”) FreeCast, Inc., a Florida corporation (the “ Company, ” “ we, ” “ us ” or “ our ”) entered into a Renewal Revolving Convertible Promissory Note, dated April 20, 2026, with Nextelligence, Inc. (“ Nextelligence ”) in the principal amount not to exceed $5 million (the “ Note ”).

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

FreeCast, Inc. issued 484,354 Shares of common stock to Nextelligence for $1,714,052 of outstanding principal.

Security: common stock
Shares: 484,354 Shares
Purchaser: Nextelligence
Consideration: $1,714,052 of outstanding principal

Exact text from the filing

Nextelligence elected to convert an aggregate of $1,714,052 of outstanding principal into a total of 484,354 Shares, at conversion prices of $3.51 with regards to 455,841 Shares and $4.00 with regards to 28,513 Shares.

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41 debt financings filed in the last 30 days. Browse all debt financings →

FreeCast, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-046296

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