M&A
confidence high
sentiment positive
materiality 0.75
Nightfood Holdings acquires Skytech Automated Solutions for $6.2M in Series C Preferred Stock
NightFood Holdings, Inc.
- Total consideration of $6.2M paid in 10,000 shares of Series C Preferred Stock; earnout shares tied to revenue milestones ($5M–$50M).
- Skytech, known for Laundry Helper robot, becomes wholly owned subsidiary; strengthens Nightfood's Robotics-as-a-Service offerings.
- Sellers subject to six-month lock-up on Exchange Shares; Series C Preferred Stock is junior to Series B Preferred.
- Acquisition follows Carryout Supplies purchase, expanding Nightfood's hospitality automation ecosystem.
- Management expects accelerated market penetration, operational efficiencies, and increased recurring RaaS revenue.