FreeCast, Inc. (CAST): debt financing — FreeCast enters $5M convertible note with CEO-controlled entity; $3.9M outstanding

FreeCast, Inc.

Renewal Revolving Convertible Promissory Note with Nextelligence, Inc., controlled by CEO William A. Mobley.
Principal amount not to exceed $5M; aggregate outstanding balance of $3.9M as of April 29, 2026.
Interest at 12% fixed per annum; maturity date June 30, 2027.
Nextelligence may convert debt into Class A common stock at the closing price on conversion notice date.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

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

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

Exact text from the filing

On April 20, 2026, FreeCast, Inc., a Florida corporation (the “ Company, ” “ we ” 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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41 debt financings filed in the last 30 days. Browse all debt financings →

FreeCast, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-049267

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