---
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"
generated_at: "2026-05-15T04:54:14.759854+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FreeCast enters $5M convertible note with CEO-controlled entity, converts $1.7M to equity

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-046296
- JSON: https://secwatch.observer/filing/0001213900-26-046296.json
- Plain text: https://secwatch.observer/filing/0001213900-26-046296.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1633369/000121390026046296/0001213900-26-046296-index.htm
- Equity Issuances
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1633369/000121390026046296/0001213900-26-046296-index.htm

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