Mobile Global Esports, Inc. (MGAM): debt financing — Mobile Global Esports issues $165K convertible note with 10% interest, maturing Sep 2026

Mobile Global Esports, Inc.

Aggregate principal $165,000 includes $15,000 original issue discount.
Interest 10% per annum, maturity September 8, 2026.
Convertible after 6 months at 65% of Market Price (avg of 3 lowest prices in 15 days).
Company may prepay at 97%–99% of principal within first 180 days.
Note issued to an unnamed investor; use not specified.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Mobile Global Esports, Inc. incurred convertible notes of $165,000 with an investor at 10% per annum maturing September 8, 2026.

Instrument: convertible notes
Principal: $165,000
Counterparty: an investor
Rate: 10% per annum
Maturity: September 8, 2026
Event: incurrence

Exact text from the filing

On September 9, 2025, Mobile Global Esports, Inc. (the “Company”) issued a convertible promissory note in the aggregate principal amount of $165,000 of which $15,000 is original issue discount (the “Note”) to an investor (the “Investor”). The Note bears interest at 10% per annum and has a maturity date of September 8, 2026.

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Mobile Global Esports, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-086150

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