Material AgreementApr 7, 2026, 04:41 PM
FreeCast Amends Debt Disclosure, Revealing $5.11M Outstanding on Convertible Note and $50M Equity Purchase Facility
AI Summary
FreeCast, Inc. filed an amended 8-K to correct its disclosure regarding a revolving convertible promissory note with Nextelligence, Inc., revealing an aggregate outstanding principal balance of $5,114,052 as of April 3, 2026. This correction includes an additional $225,000 drawdown on April 1, 2026, which was previously omitted. Concurrently, the company also reported an amendment to its Equity Purchase Agreement (EPA) with Amiens Technology Investments, LLC, originally established on December 8, 2025. Under this EPA, FreeCast retains the right, but not the obligation, to sell up to $50 million in Class A common stock to the investor, providing a significant potential source of capital.
Key Highlights
- FreeCast, Inc. filed an Amendment No. 1 on Form 8-K/A to correct the aggregate outstanding principal balance of a revolving convertible promissory note with Nextelligence, Inc.
- The corrected aggregate outstanding principal balance under the note was $5,114,052 as of April 3, 2026.
- The correction accounts for an additional drawdown of $225,000 on April 1, 2026, which was not included in the original Form 8-K.
- On March 30, 2026, FreeCast entered into an Amendment to Equity Purchase Agreement (EPA) with Amiens Technology Investments, LLC.
- The EPA, originally dated December 8, 2025, allows FreeCast the right, but not the obligation, to sell up to $50 million in Class A common stock to Amiens Technology Investments, LLC.
- The company's Class A Common Stock is registered on The Nasdaq Stock Market LLC under the trading symbol CAST.