secwatch.observer — SEC 8-K summary
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Issuer:     Mobile Global Esports, Inc. (MGAM)
CIK:        0001886362
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001213900-25-086150
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886362/000121390025086150/0001213900-25-086150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886362/000121390025086150/ea0256675-8k_mobile.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-086150

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