---
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"
generated_at: "2026-05-17T15:46:08.632361+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Mobile Global Esports issues $283K convertible notes at 10%, 65% discount conversion

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-074358
- JSON: https://secwatch.observer/filing/0001213900-25-074358.json
- Plain text: https://secwatch.observer/filing/0001213900-25-074358.txt

## Key facts
- Debt Financings
  Mobile Global Esports, Inc. incurred convertible notes of $283,000 with an investor at 10% per annum maturing May 30, 2026.
  - Instrument: convertible notes
  - Principal: $283,000
  - Counterparty: an investor
  - Rate: 10% per annum
  - Maturity: May 30, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1886362/000121390025074358/0001213900-25-074358-index.htm

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