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.