{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-074358","form_type":"8-K","ticker":"MGAM","cik":"0001886362","company_name":"Mobile Global Esports, Inc.","filed_at":"2025-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.514515+00:00","generated_at":"2026-05-17T15:46:08.632361+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Mobile Global Esports issues $283K convertible notes at 10%, 65% discount conversion","bullets":["Aggregate principal of $283,000; interest rate 10% per annum; maturity May 30, 2026.","Conversion beginning 6 months after issuance at 65% of Market Price (avg of 3 lowest trading prices in prior 15 days).","Company may prepay at 120% within 90 days, then 125% up to 180 days after issuance.","Notes issued to an investor; proceeds not specified; trading symbol MGAM on OTC Pink Sheets."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-074358","json":"https://secwatch.observer/filing/0001213900-25-074358.json","markdown":"https://secwatch.observer/filing/0001213900-25-074358.md","text":"https://secwatch.observer/filing/0001213900-25-074358.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1886362/000121390025074358/0001213900-25-074358-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1886362/000121390025074358/ea0252687-8k_mobile.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T15:46:08.632361+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cc02e23d42c55336c2365b40ad3397549035a787","claim":"Mobile Global Esports, Inc. incurred convertible notes of $283,000 with an investor at 10% per annum maturing May 30, 2026.","evidence_excerpt":"issued convertible promissory notes in the aggregate principal amount of $283,000 (the “Note”) to an investor (the “Investor”). The Notes bear interest at 10% per annum and have a maturity date of May 30, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1886362/000121390025074358/0001213900-25-074358-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$283,000"},{"label":"Counterparty","value":"an investor"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"May 30, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}