---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-058441"
form_type: "8-K"
ticker: "MGAM"
cik: "0001886362"
company_name: "Mobile Global Esports, Inc."
filed_at: "2022-09-23T23:59:59+00:00"
generated_at: "2026-06-23T07:49:54.263576+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mobile Global Esports closes $5M private placement of common stock and warrants

## Summary
- Gross proceeds of ~$5M from sale of 1,886,793 units (share + warrant) at $2.65/unit.
- Warrants exercisable immediately at $2.90/share, expire 5 years from registration statement effective date.
- Proceeds to develop collegiate esports events in India and the company's game platform.
- Placement agent WestPark Capital received 9% cash fee and 339,623 warrant shares at $2.915.
- Lock-up agreements for insiders restricting stock sales for 90 days after registration effective date.

## SEC filing metadata
- accession: 0001213900-22-058441
- form_type: 8-K
- ticker: MGAM
- cik: 0001886362
- company_name: Mobile Global Esports, Inc.
- filed_at: 2022-09-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886362/000121390022058441/0001213900-22-058441-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886362/000121390022058441/ea166181-8k_mobileglob.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-058441
- JSON: https://secwatch.observer/filing/0001213900-22-058441.json
- Plain text: https://secwatch.observer/filing/0001213900-22-058441.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.