secwatch.observer — SEC 8-K summary
======================================

Issuer:     Midnight Gaming Corp (—)
CIK:        0001692780
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001477932-26-001240
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Midnight Gaming adds universal cashless exercise right to all outstanding warrants
--------------------------------------------------------------------------------

- Effective March 8, 2026, all common stock purchase warrants (Oct 2016–Mar 2026) can be exercised on a cashless basis.
- Cashless formula: Net shares = (A × (B − C)) ÷ B; if B ≤ C, no shares issued and cash exercise remains available.
- As of Dec 31, 2024, warrants for up to 5M shares at exercise prices $0.50–$0.75 were outstanding.
- All other warrant terms (expiration, anti-dilution, transfer restrictions) remain unchanged.
- Notice distributed to holders; administration covers street-name and unlisted warrants per company books.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692780/000147793226001240/0001477932-26-001240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692780/000147793226001240/mgc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-001240

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