debt
confidence high
sentiment neutral
materiality 0.60
Nightfood Holdings issues $2.27M senior secured convertible note to Mast Hill Fund at 15% OID
NightFood Holdings, Inc.
- Principal $2,270,000 senior secured note with 15% original issue discount; net proceeds ~$1,929,500 after $25k legal fee holdback.
- Note matures 12 months from Oct 8, 2025, bears 15% interest, convertible at lesser of $0.033/share or market price.
- Amends existing 2023 security, pledge, and guarantee agreements to incorporate this additional debt.
- Funds likely for general corporate purposes; specifics not disclosed.