---
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"
generated_at: "2026-05-16T15:47:12.526702+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mobile Global Esports enters $75K convertible note and $10M equity line with ClearThink Capital

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-117231
- JSON: https://secwatch.observer/filing/0001213900-25-117231.json
- Plain text: https://secwatch.observer/filing/0001213900-25-117231.txt

## Key facts
- Debt Financings
  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
  source text: unsecured original issue discount promissory note in the principal amount of $75,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886362/000121390025117231/0001213900-25-117231-index.htm

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