{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-046296","form_type":"8-K","ticker":"CAST","cik":"0001633369","company_name":"FreeCast, Inc.","filed_at":"2026-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.625861+00:00","generated_at":"2026-05-15T04:54:14.759854+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"FreeCast enters $5M convertible note with CEO-controlled entity, converts $1.7M to equity","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-046296","json":"https://secwatch.observer/filing/0001213900-26-046296.json","markdown":"https://secwatch.observer/filing/0001213900-26-046296.md","text":"https://secwatch.observer/filing/0001213900-26-046296.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633369/000121390026046296/0001213900-26-046296-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633369/000121390026046296/ea0287270-8k_freecast.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:54:14.759854+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a377aaedfe441406ca5f4116388e190dc9cbbbe6","claim":"FreeCast, Inc. amended convertible notes of not to exceed $5 million with Nextelligence, Inc. at 12.0% maturing June 30, 2027.","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633369/000121390026046296/0001213900-26-046296-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"not to exceed $5 million"},{"label":"Counterparty","value":"Nextelligence, Inc."},{"label":"Rate","value":"12.0%"},{"label":"Maturity","value":"June 30, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"7e36dff489310564b63e8537e3f0f483c19db42c","claim":"FreeCast, Inc. issued 484,354 Shares of common stock to Nextelligence for $1,714,052 of outstanding principal.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633369/000121390026046296/0001213900-26-046296-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"484,354 Shares"},{"label":"Purchaser","value":"Nextelligence"},{"label":"Consideration","value":"$1,714,052 of outstanding principal"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}