{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-089740","form_type":"8-K","ticker":"MGAM","cik":"0001886362","company_name":"Mobile Global Esports, Inc.","filed_at":"2025-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.514934+00:00","generated_at":"2026-05-17T06:00:37.484046+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Mobile Global Esports issues $150K convertible note with 35% discount conversion","bullets":["Aggregate principal $150,000; $15,000 original issue discount; net proceeds $135,000.","Note bears 6% interest, matures September 15, 2026.","Convertible after 6 months at 65% of lowest trading price in prior 15 trading days.","Prepayment penalties escalate from 110% to 140% over 180 days from issuance.","Funds used for general working capital; high dilution potential for existing shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-089740","json":"https://secwatch.observer/filing/0001213900-25-089740.json","markdown":"https://secwatch.observer/filing/0001213900-25-089740.md","text":"https://secwatch.observer/filing/0001213900-25-089740.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1886362/000121390025089740/0001213900-25-089740-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1886362/000121390025089740/ea0258161-8k_mobile.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:00:37.484046+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"03599caa2d1637620e203e5855626aa8c72735ac","claim":"Mobile Global Esports, Inc. incurred convertible notes of aggregate principal amount of $150,000 at 6% per annum maturing September 15, 2026.","evidence_excerpt":"On September 16, 2025, Mobile Global Esports, Inc. (the “Company”) issued a convertible promissory note in the aggregate principal amount of $150,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1886362/000121390025089740/0001213900-25-089740-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate principal amount of $150,000"},{"label":"Rate","value":"6% per annum"},{"label":"Maturity","value":"September 15, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}