NightFood Holdings Announces 1-for-1,000 Reverse Stock Split

TL;DR

**NightFood just did a 1-for-1,000 reverse stock split, massively cutting outstanding shares.**

AI Summary

NightFood Holdings, Inc. filed an 8-K on January 30, 2024, reporting that on January 26, 2024, their Board of Directors approved a 1-for-1,000 reverse stock split of its common stock. This means every 1,000 shares held by an investor will become 1 share, effectively reducing the total outstanding shares from approximately 1.2 billion to 1.2 million. This matters to investors because reverse stock splits often aim to increase share price to meet exchange listing requirements or improve market perception, but can also signal underlying financial distress.

Why It Matters

This reverse stock split significantly reduces the number of outstanding shares, which could increase the per-share price and potentially help NightFood meet exchange listing requirements, but it doesn't change the company's overall market capitalization or fundamental value.

Risk Assessment

Risk Level: medium — Reverse stock splits are often a sign of a company struggling with a low stock price, carrying the risk of further price declines post-split.

Analyst Insight

A smart investor would closely monitor the stock's performance post-split, as reverse splits can sometimes be followed by further price declines if underlying business issues persist, and evaluate if the company's fundamentals justify the new, higher per-share price.

Key Numbers

• 1-for-1,000 — Reverse Stock Split Ratio (The ratio by which common stock shares will be consolidated.)
• 1,000 — Shares Consolidated (The number of old shares that will become one new share.)

Key Players & Entities

• NightFood Holdings, Inc. (company) — the registrant filing the 8-K
• Board of Directors (person) — approved the reverse stock split
• January 26, 2024 (date) — date of the earliest event reported (reverse stock split approval)
• January 30, 2024 (date) — date the 8-K was filed
• 1-for-1,000 (dollar_amount) — ratio of the reverse stock split

Forward-Looking Statements

• The stock price per share of NightFood Holdings, Inc. will increase proportionally to the reverse split ratio. (NightFood Holdings, Inc.) — high confidence, target: Within 1 week of split effectiveness
• The total market capitalization of NightFood Holdings, Inc. will remain relatively unchanged immediately after the reverse split. (NightFood Holdings, Inc.) — high confidence, target: Immediately post-split

FAQ

Key Financial Figures

• $0.001 — eries C Preferred Stock"), par value of $0.001 per share, having such designations, ri

Filing Documents

• ea192444-8k_nightfood.htm (8-K) — 34KB
• ea192444ex3-1_nightfood.htm (EX-3.1) — 5KB
• ea192444ex3-2_nightfood.htm (EX-3.2) — 18KB
• 0001213900-24-007940.txt ( ) — 228KB
• ngtf-20240126.xsd (EX-101.SCH) — 3KB
• ngtf-20240126_lab.xml (EX-101.LAB) — 33KB
• ngtf-20240126_pre.xml (EX-101.PRE) — 22KB
• ea192444-8k_nightfood_htm.xml (XML) — 3KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 3.1 Amendment to the Certificate of Designation of Preferences, Rights and Limitations of Series A Super Voting Preferred Stock 3.2 Certificate of Designation of Preferences, Rights and Limitations of Series C Convertible Preferred Stock 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: January 30, 2024 NIGHTFOOD HOLDINGS, INC. By: /s/ Sean Folkson Name: Sean Folkson Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR