debt
confidence high
sentiment neutral
materiality 0.70
Nightfood issues $1.175M senior secured convertible note to Mast Hill Fund at 15% OID
NightFood Holdings, Inc.
- Principal amount $1,175,000, original issue discount 15%, net proceeds ~$998,750.
- Note matures 12 months, bears interest at 15% per annum.
- Conversion price is lower of $0.033 per share or market price, subject to adjustments.
- Note is senior secured and convertible into common stock; shares unregistered under Section 4(a)(2)/Rule 506(b).
- Amendments to existing security, pledge, and guarantee agreements to incorporate the Note.