CAST

#4187
FreeCast, Inc. - Class A common stock
1.4 3 USD
+0.04%
Market Price
Settore: Tecnologia
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
1.42
1.44
Intervallo Annuale
0.50
33.00
Variazione giornaliera
+4.38%
Variazione Mensile
+7.52%
Variazione di 6 mesi
-95.67%
Variazione Annuale
-95.67%
Chiusura Precedente
1.3 7
Open
1.4 4
Minimo
1.4 2
Massimo
1.4 4
Volume
163
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
Freecast, Inc. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
Freecast, Inc. current report, Q3 FY2026
8-K
Current report, Q2 FY2026
Freecast, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Freecast, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Freecast, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Freecast, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q3 FY2026
Freecast, Inc. quarterly report, Q3 FY2026
10-Q
Current report, Q1 FY2026
Freecast, Inc. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Freecast, Inc. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Freecast, Inc. current report, Q1 FY2026
8-K

Freecast, Inc. current report, Q1 FY2026

Full document

Business Context and Reporting Period

This Form 8-K is filed by FreeCast, Inc. (Nasdaq: CAST), a Florida corporation, with a report date of February 11, 2026. The filing discloses the creation of a direct financial obligation under a revolving convertible promissory note entered into with Nextelligence, Inc., an entity controlled by the Company's CEO and Chairman, William A. Mobley, Jr.

Key Financial Metrics

  • Debt Instrument: Revolving Convertible Promissory Note with a maximum principal amount of $5,000,000.
  • Outstanding Principal: $4,424,052 as of March 5, 2026.
  • Interest Rate: 12.0% per annum (fixed); increases to 18.0% per annum upon default or insolvency events.
  • Conversion Terms: Convertible into Class A common stock at $8.00 per share at the lender's option.
  • Maturity Date: June 30, 2026.
  • Liquidity Impact: The filing does not provide specific cash flow, revenue, or liquidity metrics beyond the debt drawdowns.

Material Changes

The Company increased its indebtedness significantly following the initial execution of the Note on November 21, 2025. The principal balance grew from an initial $1,315,552 to $2,725,552 by January 19, 2026. Subsequently, the Company executed nine additional draws totaling $1,698,500 between January 23, 2026, and March 4, 2026, bringing the total outstanding principal to $4,424,052.

Outlook, Risks, and Contingencies

  • Related Party Transaction: The lender, Nextelligence, Inc., is controlled by the Company's CEO, creating a related party transaction risk.
  • Default Risk: Failure to comply with the Note terms or the occurrence of bankruptcy/insolvency events triggers an interest rate increase to 18.0%.
  • Dilution Risk: The debt is convertible into equity at a fixed price of $8.00 per share, which may result in significant dilution to existing shareholders if converted.
  • Repayment Terms: The Company has the right to prepay with five days' written notice, but the debt is due in full by June 30, 2026.

Investor Verification Checklist

  • Verify the current market price of FreeCast, Inc. stock relative to the $8.00 conversion price to assess immediate dilution risk.
  • Confirm the Company's cash position and ability to repay the $4.4 million principal by the June 30, 2026 maturity date.
  • Review the full text of the Revolving Convertible Promissory Note (Exhibit 4.1) for specific covenants and default triggers.
  • Assess the impact of the related party nature of the loan on corporate governance and financial independence.