debt
confidence high
sentiment negative
materiality 0.50
Nightfood raises $1M via senior secured convertible note with 15% OID and 15% interest
NightFood Holdings, Inc.
- Issued $1,176,470.58 senior secured note to Mast Hill Fund at 15% OID; net proceeds ~$1,000,000.
- Note matures in 12 months, 15% interest, convertible at lower of $0.033/share or market price.
- Existing security, pledge, and guarantee agreements amended to incorporate the new note.