secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2025-04-14T23:59:59+00:00
Accession:  0001641172-25-004561
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nightfood signs $41M LOI to acquire Victorville hotel; also amends convertible notes
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- LOI to acquire 155-room Holiday Inn, Victorville, CA for ~$41M; net $31M paid in Series C Preferred Stock.
- Earnout up to $5M in additional preferred shares tied to gym with 50+ members & 30 days Courtyard by Marriott operations.
- 30-day due diligence, 180-day exclusivity; closing requires PCAOB-audited financials and uplisting approval.
- Amended convertible notes: principal increased to $108,650 (June) and $102,600 (Aug); maturity extended to Nov 1, 2025.
- Conversion price fixed at $0.033, or lower of VWAP over 5 days if listed on exchange.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000164117225004561/0001641172-25-004561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000164117225004561/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-004561

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer