{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-117231","form_type":"8-K","ticker":"MGAM","cik":"0001886362","company_name":"Mobile Global Esports, Inc.","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.983245+00:00","generated_at":"2026-05-16T15:47:12.526702+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Mobile Global Esports enters $75K convertible note and $10M equity line with ClearThink Capital","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-117231","json":"https://secwatch.observer/filing/0001213900-25-117231.json","markdown":"https://secwatch.observer/filing/0001213900-25-117231.md","text":"https://secwatch.observer/filing/0001213900-25-117231.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1886362/000121390025117231/0001213900-25-117231-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1886362/000121390025117231/ea0267954-8k_mobile.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:47:12.526702+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":"ca42a2fdd08bd0357107935ed3133f4e2c0ce615","claim":"Mobile Global Esports, Inc. incurred loan of $75,000 with an accredited investor at 10% maturing December 1, 2026.","evidence_excerpt":"unsecured original issue discount promissory note in the principal amount of $75,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1886362/000121390025117231/0001213900-25-117231-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$75,000"},{"label":"Counterparty","value":"an accredited investor"},{"label":"Rate","value":"10%"},{"label":"Maturity","value":"December 1, 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"}