secwatch.observer — SEC 8-K summary
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Issuer:     FreeCast, Inc. (CAST)
CIK:        0001633369
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001213900-26-049267
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreeCast enters $5M convertible note with CEO-controlled entity; $3.9M outstanding
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633369/000121390026049267/0001213900-26-049267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633369/000121390026049267/ea0288334-8k_freecast.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-049267

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer