NightFood Holdings, Inc. announced that it has received $0.11 million in funding from Eagle Equities, LLC
January 09, 2018
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NightFood Holdings, Inc. (OTCPK:NGTF) announced that it has entered into a security purchase agreement for private placement of a 8% convertible redeemable note due January 10, 2019 for gross proceeds of $110,000 on January 10, 2018. The transaction will include participation from returning investor Eagle Equities, LLC. The note carries a fixed coupon rate of 8% per annum and would mature on January 10, 2019. The company will issue note at par. The note is convertible into common shares of the company. In the event of default, the company will pay interest rate of 24% per annum. The note may not be redeemed after 180 days. The note is exchangeable for an equal aggregate principal amount of notes of different authorized denominations, as requested by the holder surrendering the same. The company has paid expenses of $4,673.97.
Nightfood Holdings, Inc. is a holding company focused on identifying and exploiting market trends within the hospitality, food services, and consumer goods sectors. The Company's operations are conducted by its two subsidiaries: Nightfood, Inc. (Nightfood) and Future Hospitality Ventures Holdings, Inc. (Future Hospitality). Nightfood is a nighttime snack company, which is engaged in the business of manufacturing, marketing and distributing snacks specially formulated and promoted for evening consumption. The Nightfood brand includes sleep-friendly versions of the nighttime snack formats. In addition to ice cream pints, its products include cookies, chips, ice cream sandwiches, candy, and nutrition bars. It is focused on offering two flavors in ice cream, Midnight Chocolate and Cookies n' Dreams. Future Hospitality is a provider of robotics and automation solutions to the hospitality and food service industries. It provides artificial intelligence (AI) enabled robotic solutions.
NIGHTFOOD HOLDINGS, INC. 
