NightFood Holdings Completes Sweet Victory Asset Acquisition
Ticker: NGTF · Form: 8-K · Filed: Sep 10, 2024 · CIK: 1593001
| Field | Detail |
|---|---|
| Company | Nightfood Holdings, Inc. (NGTF) |
| Form Type | 8-K |
| Filed Date | Sep 10, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $10,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, definitive-agreement
TL;DR
NightFood just bought Sweet Victory assets, deal closed Sept 4th. Big move for their candy biz.
AI Summary
NightFood Holdings, Inc. announced the completion of its acquisition of certain assets from Sweet Victory, Inc. on September 4, 2024. The company also entered into a material definitive agreement related to this transaction. The filing details the completion of the acquisition and includes financial statements and exhibits related to the event.
Why It Matters
This acquisition could significantly expand NightFood's product offerings and market reach within the confectionery sector.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks, including integration challenges and potential overvaluation of acquired assets.
Key Players & Entities
- NightFood Holdings, Inc. (company) — Registrant
- Sweet Victory, Inc. (company) — Acquired entity
- September 4, 2024 (date) — Completion date of acquisition
FAQ
What specific assets were acquired from Sweet Victory, Inc.?
The filing indicates the acquisition of 'certain assets' from Sweet Victory, Inc., but does not specify the exact nature or list of these assets.
What is the total value of the transaction?
The filing does not disclose the specific dollar amount or valuation of the acquisition of Sweet Victory, Inc.'s assets.
When did the material definitive agreement related to the acquisition become effective?
The filing reports the completion of the acquisition on September 4, 2024, implying the agreement was in place prior to or on this date, but the exact effective date of the agreement is not explicitly stated.
Are there any significant liabilities assumed as part of this acquisition?
The filing mentions the acquisition of 'certain assets' but does not provide details on whether any liabilities were assumed from Sweet Victory, Inc.
What are the next steps for NightFood Holdings, Inc. following this acquisition?
The filing focuses on the completion of the acquisition and related financial statements/exhibits, but does not outline specific future integration plans or strategic initiatives.
Filing Stats: 897 words · 4 min read · ~3 pages · Grade level 10.2 · Accepted 2024-09-10 08:00:12
Key Financial Figures
- $10,000,000 — on stock of SWC for a purchase price of $10,000,000, which was comprised of 83,333 shares o
Filing Documents
- ea0213853-8k_nightfood.htm (8-K) — 42KB
- ea021385301ex2-1_nightfood.htm (EX-2.1) — 99KB
- 0001213900-24-077127.txt ( ) — 331KB
- ngtf-20240904.xsd (EX-101.SCH) — 3KB
- ngtf-20240904_lab.xml (EX-101.LAB) — 33KB
- ngtf-20240904_pre.xml (EX-101.PRE) — 22KB
- ea0213853-8k_nightfood_htm.xml (XML) — 3KB
Financial Statements of Business Acquired
Financial Statements of Business Acquired As permitted by Item 9.01(a)(4) of Form 8-K, the financial statements required by Item 9.01(a) of Form 8-K will be filed by the Company by an amendment to this Current Report on Form 8-K not later than 71 days after the date upon which this Current Report on Form 8-K must be filed. (b) Pro Forma Financial Information As permitted by Item 9.01(b)(2) of Form 8-K, the pro forma financial information required by Item 9.01(b) of Form 8-K will be filed by the Company by an amendment to this Current Report on Form 8-K not later than 71 days after the date upon which this Current Report on Form 8-K must be filed. (d) Exhibits Exhibit Number Description 2.1* Share Exchange Agreement dated September 4, 2024 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * The schedules and exhibits to the Agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. 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: September 10, 2024 NIGHTFOOD HOLDINGS, INC. By: /s/ Lei Sonny Wang Name: Lei Sonny Wang Title: Chief Executive Officer 2