{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-049267","form_type":"8-K","ticker":"CAST","cik":"0001633369","company_name":"FreeCast, Inc.","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.626061+00:00","generated_at":"2026-05-15T01:58:57.675840+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"FreeCast enters $5M convertible note with CEO-controlled entity; $3.9M outstanding","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-049267","json":"https://secwatch.observer/filing/0001213900-26-049267.json","markdown":"https://secwatch.observer/filing/0001213900-26-049267.md","text":"https://secwatch.observer/filing/0001213900-26-049267.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633369/000121390026049267/0001213900-26-049267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633369/000121390026049267/ea0288334-8k_freecast.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T01:58:57.675840+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":"80db9a90be5043e6739418f4e84f17995e860523","claim":"FreeCast, Inc. incurred convertible notes of principal amount not to exceed $5 million with Nextelligence, Inc. at 12.0% maturing June 30, 2027.","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633369/000121390026049267/0001213900-26-049267-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"principal amount not to exceed $5 million"},{"label":"Counterparty","value":"Nextelligence, Inc."},{"label":"Rate","value":"12.0%"},{"label":"Maturity","value":"June 30, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}