secwatch.observer — SEC 8-K summary
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Issuer:     Mobile Global Esports, Inc. (MGAM)
CIK:        0001886362
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0001213900-25-074358
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886362/000121390025074358/0001213900-25-074358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886362/000121390025074358/ea0252687-8k_mobile.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-074358

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer