Nightfood Hldgs Stock Price, News & Analysis

Nightfood Holdings (OTCQB: NGTF) has announced key leadership appointments to accelerate its growth in hospitality automation and hotel operations. Jimmy Chan has been appointed as CEO, bringing 20+ years of experience in capital markets and supply chain expertise, notably as founder of CarryOutSupplies.com. Ried Floco joins as President and Director, contributing over 30 years of hospitality sector leadership, having overseen 200+ hotel properties worth $3 billion.

Former CEO Sonny Wang transitions to Chief Revenue Officer, focusing on revenue maximization across AI robotics, hotel operations, and hospitality supply chain. These appointments follow Nightfood's recent acquisitions of Skytech Automated Solutions and CarryOutSupplies.com, strengthening its position in technology-enabled hospitality solutions.

Nightfood Holdings Inc. (OTCQB: NGTF) is positioning itself at the forefront of AI-powered hospitality innovation, leveraging its extensive experience in hotel operations to implement robotic solutions. The company, which oversees more than 130 hotels and has developed over 50 properties, is addressing industry-wide challenges of labor shortages and increasing consumer demands through AI-driven service robots.

The hospitality robotics market is projected to reach $65.4 billion by 2032, as hotels, restaurants, and cafes increasingly adopt these technologies to streamline operations, reduce costs, and enhance customer experiences. Nightfood's deep industry expertise allows for more effective implementation of robotic solutions compared to traditional technology companies.

Nightfood Holdings Inc. (NGTF) is positioning itself as a leader in the AI-powered robotics transformation of the hospitality sector. The company leverages its extensive hospitality experience, having managed over 130 hotels and developed more than 50, to implement robotic solutions more effectively than traditional tech companies.

The initiative comes as the hospitality industry faces persistent labor shortages and increasing consumer expectations. The market for hospitality robots is projected to reach $65.4 billion by 2032, with hotels, restaurants, and cafes rapidly adopting these AI-powered solutions to enhance efficiency, reduce costs, and improve guest experiences.

Nightfood Holdings (NGTF) has signed a Letter of Intent (LOI) to acquire a 155-room Holiday Inn in Victorville, California for $41 million. The property, currently undergoing renovation to qualify for Courtyard by Marriott rebranding, will serve as a model for NGTF's integrated Robotics-as-a-Service platform.

The deal structure includes a $31 million net purchase price (after $10M mortgage) paid in Series C Convertible Preferred Stock, plus a $5 million performance-based earnout. Key conditions include a 30-day due diligence period, 180-day exclusivity, PCAOB-audited financials, and uplisting approval to a national exchange.

The property is expected to see a 25-40% revenue increase post-upgrades and franchise conversion. This acquisition follows NGTF's recent Skytech Automated Solutions purchase and aligns with their $40 million M&A roadmap, combining AI-powered automation with real estate value creation.

Nightfood Holdings (OTCQB: NGTF) has completed the acquisition of S W C Holdings (Carryout Supplies), a leading provider of customized disposable packaging solutions for the food service and hospitality industries. This acquisition follows the company's recent purchase of Skytech Automated Solutions, an AI robotics company.

The strategic integration combines Carryout Supplies' packaging capabilities with Nightfood's automation technology, enhancing their Robotics-as-a-Service (RaaS) model. The deal provides immediate cross-selling opportunities through Carryout's established client base and access to key hospitality accounts across North America.

Key strategic impacts include:

• Expanded presence across the hospitality value chain
• Operational synergies with Skytech's automation platform
• Immediate recurring revenue from packaging contracts
• Enhanced positioning as an integrated solutions provider

Nightfood Holdings (OTCQB: NGTF) has acquired Skytech Automated Solutions, a specialist in AI-driven service technologies for the hotel industry. This strategic move follows Nightfood's recent acquisition of Carryout Supplies and strengthens their position in hospitality automation.

Skytech's flagship product, the Laundry Helper robot, has been successfully implemented across multiple hotel properties. The acquisition enhances Nightfood's Robotics-as-a-Service (RaaS) capabilities, combining hotel ownership with automated solutions.

The integration of Skytech's technology into Nightfood's platform will enable comprehensive automation services, from back-end operations to guest-facing solutions. The company expects this merger to accelerate market penetration, improve operational efficiencies, and expand recurring revenue from third-party RaaS clients.

Nightfood Holdings (NGTF) has announced progress on two strategic acquisitions aimed at expanding its presence in hospitality automation. The company is finalizing the acquisition of Carryout Supplies (S W C Group), strengthening its position in the hospitality supply chain, with closing expected imminently.

Additionally, NGTF is advancing toward acquiring Skytech Automated Solutions, a provider of robotics and AI-driven hospitality solutions. Skytech has recently expanded its presence by launching its Laundry Helper robot at a second location. The Skytech acquisition is scheduled to close following the Carryout Supplies deal.

These strategic moves position Nightfood as an innovator in AI-powered hospitality automation, with the company actively evaluating additional opportunities for expansion.

Nightfood Holdings (OTCQB: NGTF) has signed a Letter of Intent to acquire Skytech Automated Solutions Inc. in a deal valued at $6.2 million. The acquisition structure includes $1.2 million in Series C Preferred Stock at closing and up to $5.0 million in performance-based earnout payments tied to revenue milestones.

The strategic acquisition aims to expand NGTF's AI-powered robotics portfolio in the hospitality industry. Skytech brings expertise in hotel operations and robotic deployment, with its management team's experience in managing over 130 hotels and developing more than 50 properties.

This move is part of Nightfood's $40 million acquisition roadmap, following the completion of Future Hospitality Ventures acquisition and pending SWC Group Inc acquisition expected by Q2 2025. The company will undergo a 30-day due diligence period, with the definitive agreement anticipated in Q2 2025.

Nightfood Holdings (OTCQB: NGTF) has provided an update on its strategic M&A activities for 2025, focusing on expanding its AI-powered robotic solutions in the hospitality industry. The company has identified acquisition targets totaling over $40 million in value.

Key developments include the completed acquisition of Future Hospitality Ventures for service robotics distribution and the pending acquisition of SWC Group Inc., which will expand their reach to over 1,500 customer locations in the food service industry. The company aims to deploy AI-powered automation at scale through additional targeted acquisitions in robotics and hospitality real estate.

Chairman Jamie Steigerwald emphasized their progress in positioning NGTF at the intersection of robotics and hospitality, with multiple acquisitions in various completion stages throughout 2025.