secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2025-09-03T23:59:59+00:00
Accession:  0001641172-25-026392
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nightfood acquires 155-room Holiday Inn hotel for $31M in preferred stock
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- Acquired 100% of Victorville Treasure Holdings for $31M, paid with 216,667 Series C Convertible Preferred shares (each convertible into 6,000 common shares).
- Sellers can earn up to additional 41,667 Series C shares if milestones met: gym buildout, 50 members, renovations, operating under Courtyard by Marriott for 30 days.
- 15% of exchange shares held in escrow for 18 months to cover indemnification claims.
- Purchase price adjustable if 30-day VWAP of common stock below $0.02 per share at closing.
- Closing on August 27, 2025; Victorville becomes wholly owned subsidiary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000164117225026392/0001641172-25-026392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000164117225026392/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-026392

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