Mobile Global Esports, Inc. (MGAM): debt financing — Mobile Global Esports enters $75K convertible note and $10M equity line with ClearThink Capital

Mobile Global Esports, Inc.

Promissory note for $75,000 principal ($65,000 net proceeds), 10% interest, matures Dec 1, 2026.
Note convertible at $0.06/share; adjustable if stock trades below that threshold.
Equity line of credit (ELOC) up to $10,000,000 contingent on SEC registration of resale shares.
Issued 500,000 commitment shares as part of ELOC agreement.
Funds used for working capital; placement exempt under Section 4(a)(2).

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Mobile Global Esports, Inc. incurred loan of $75,000 with an accredited investor at 10% maturing December 1, 2026.

Instrument: loan
Principal: $75,000
Counterparty: an accredited investor
Rate: 10%
Maturity: December 1, 2026
Event: incurrence

Exact text from the filing

unsecured original issue discount promissory note in the principal amount of $75,000

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Mobile Global Esports, Inc. issued convertible note to accredited investor for $65,000 net proceeds.

Security: convertible note
Purchaser: accredited investor
Consideration: $65,000 net proceeds

Exact text from the filing

On December 1, 2025, Mobile Global Esports, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Promissory Note Purchase Agreement”) with an accredited investor (the “Investor”), pursuant to which the Company sold the Investor an unsecured original issue discount promissory note in the principal amount of $75,000 (the “Promissory Note”) for which the Company received net proceeds of $65,000.

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Mobile Global Esports, Inc. issued 500,000 of common stock to Investor for commitment to purchase up to $10,000,000 of common stock under ELOC Agreement.

Security: common stock
Shares: 500,000
Purchaser: Investor
Consideration: commitment to purchase up to $10,000,000 of common stock under ELOC Agreement

Exact text from the filing

a Securities Purchase Agreement (the “ELOC Agreement”) with the Investor. Pursuant to the ELOC Agreement, the Company agreed to sell, and the Investor agreed to purchase up to $10,000,000 (the “Commitment Amount”) of the Company’s common stock, par value $0.0001 per share (the “Purchase Shares”). The transactions contemplated by the ELOC Agreement are subject to

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Mobile Global Esports, Inc. entered into ELOC Agreement with accredited investor valued at $10,000,000 (effective 2025-12-01).

Action: entry
Agreement: equity purchase
Counterparty: accredited investor
Value: $10,000,000
Effective: 2025-12-01

Exact text from the filing

On December 1, 2025, the Company also entered into a Securities Purchase Agreement (the “ELOC Agreement”) with the Investor. Pursuant to the ELOC Agreement, the Company agreed to sell, and the Investor agreed to purchase up to $10,000,000 (the “Commitment Amount”) of the Company’s common stock

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Mobile Global Esports, Inc. entered into Promissory Note Purchase Agreement with accredited investor valued at $75,000 (effective 2025-12-01).

Action: entry
Agreement: notes offering
Counterparty: accredited investor
Value: $75,000
Effective: 2025-12-01

Exact text from the filing

On December 1, 2025, Mobile Global Esports, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Promissory Note Purchase Agreement”) with an accredited investor (the “Investor”), pursuant to which the Company sold the Investor an unsecured original issue discount promissory note in the principal amount of $75,000

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Mobile Global Esports, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-117231

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