Nightfood Holdings, Inc. announced that it has received $0.17 million in funding from Mast Hill Management, LLC
June 31, 2023
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NightFood Holdings, Inc. announced that it has entered into a security purchase agreement for private placement of a non-convertible promissory note in the principal amount of $200,000 for gross proceeds of $170,000 on June 1, 2023. The transaction included participation from returning investor Mast Hill Fund, L.P., a fund managed by Mast Hill Management, LLC. The maturity date of the Note is the 12-month anniversary of the effective date, and is the date upon which the principal amount, the OID, as well as any accrued and unpaid interest and other fees, shall be due and payable.
Nightfood Holdings, Inc. is engaged in manufacturing and distributing snack products specifically formulated for nighttime snacking to help consumers satisfy nighttime cravings in a healthier and sleep-friendly way. The Company's operations are conducted by its two subsidiaries: Nightfood, Inc. (Nightfood) and MJ Munchies, Inc. (Munchies). Nightfood is in the business of manufacturing, marketing and distributing snacks specially formulated and promoted for evening consumption. Nightfood is formulated with tryptophan, vitamin B6, calcium, magnesium, and zinc, protein and prebiotic fiber. Nightfood ice cream is available in nine flavors, such as Full Moon Vanilla, Midnight Chocolate, Cold Brew Decaf, After Dinner Mint Chip, Milk & Cookie Dough, Cherry Eclipse, Bed and Breakfast, and others. Munchies has built an intellectual property portfolio that includes protection regarding the use of the Half-Baked mark in the State of California relating to certain cannabis-related products.