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- Related Party (new) — The $4.9M lender is controlled by CEO William Mobley, who also chairs the board and holds majority voting power—creating significant related-party transaction risk.
FreeCast draws $200K from CEO-controlled loan, now owes $4.9M due June 30; amends $50M equity facility
Filed April 3, 2026 · Period ending March 30, 2026 · ~1 min read
Key Changes
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Company borrowed additional $200K from CEO-controlled entity on March 30, bringing total related-party debt to $4.9M. Entire balance plus 12% interest due June 30, 2026—less than 3 months away. Lender can convert to stock at $8/share or demand cash.
Item 1.01: Related-Party Loan verify on EDGAR → -
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FreeCast amended its $50M equity purchase agreement with Amiens Technology, extending the pricing period from 5 to 10 trading days. Shares will be sold at 95% of 10-day VWAP when company draws on the facility. Company has right but not obligation to sell.
Item 1.01: EPA Amendment verify on EDGAR → -
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Registration statement deadline extended from 15 to 30 days after March 11 (when CAST began Nasdaq trading). This allows investor to resell shares acquired under the equity facility once filed.
Item 1.01: Registration Extension verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 18, 2026 · How we verify