---
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"
generated_at: "2026-05-17T06:00:37.484046+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mobile Global Esports issues $150K convertible note with 35% discount conversion

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-089740
- JSON: https://secwatch.observer/filing/0001213900-25-089740.json
- Plain text: https://secwatch.observer/filing/0001213900-25-089740.txt

## Key facts
- Debt Financings
  Mobile Global Esports, Inc. incurred convertible notes of aggregate principal amount of $150,000 at 6% per annum maturing September 15, 2026.
  - Instrument: convertible notes
  - Principal: aggregate principal amount of $150,000
  - Rate: 6% per annum
  - Maturity: September 15, 2026
  - Event: incurrence
  source text: On September 16, 2025, Mobile Global Esports, Inc. (the “Company”) issued a convertible promissory note in the aggregate principal amount of $150,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886362/000121390025089740/0001213900-25-089740-index.htm

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