---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-086150"
form_type: "8-K"
ticker: "MGAM"
cik: "0001886362"
company_name: "Mobile Global Esports, Inc."
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:22:01.169427+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Mobile Global Esports issues $165K convertible note with 10% interest, maturing Sep 2026

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-086150
- form_type: 8-K
- ticker: MGAM
- cik: 0001886362
- company_name: Mobile Global Esports, Inc.
- filed_at: 2025-09-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886362/000121390025086150/0001213900-25-086150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886362/000121390025086150/ea0256675-8k_mobile.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-086150
- JSON: https://secwatch.observer/filing/0001213900-25-086150.json
- Plain text: https://secwatch.observer/filing/0001213900-25-086150.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886362/000121390025086150/0001213900-25-086150-index.htm

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