other material
confidence high
sentiment neutral
materiality 0.70
Nightfood signs $25M equity purchase agreement with Mast Hill Fund; issues warrant for 6M shares at $0.10
NightFood Holdings, Inc.
- Up to $25M in common stock can be sold to Mast Hill over 24 months at formula-based prices (97% of VWAP, or 85% on OTC).
- 6M share warrant issued at $0.10 exercise price, immediately exercisable, 5-year term.
- Proceeds for working capital and general corporate purposes.
- Registration rights agreement requires S-1 filing within 60 days, effectiveness within 90 days.
- Company restricted from entering variable rate transactions or equity lines for 18 months.