---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-051633"
form_type: "8-K"
ticker: "MGAM"
cik: "0001886362"
company_name: "Mobile Global Esports, Inc."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-15T00:02:43.545656+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mobile Global Esports issues $130K convertible note; conversion at 65% of market price

## Summary
- Principal $130,000; net proceeds $117,000 after $13,000 original issue discount.
- Note bears 6% interest, matures April 28, 2027.
- Convertible after 6 months at 65% of the lowest trading price in prior 15 days.
- Prepayment penalties escalate from 110% to 140% of principal over 180 days.
- Company will disclose transaction in next 10-Q or 10-K filing.

## SEC filing metadata
- accession: 0001213900-26-051633
- form_type: 8-K
- ticker: MGAM
- cik: 0001886362
- company_name: Mobile Global Esports, Inc.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886362/000121390026051633/0001213900-26-051633-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886362/000121390026051633/ea0288897-8k_mobile.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-051633
- JSON: https://secwatch.observer/filing/0001213900-26-051633.json
- Plain text: https://secwatch.observer/filing/0001213900-26-051633.txt

## Source-grounded claims
- claim_id: d2e4a5591cf6aba002ccbf683ae93bd4606c8dd1
  claim: Mobile Global Esports, Inc. incurred convertible notes of $130,000 at 6% per annum maturing April 28, 2027.
  evidence_excerpt: On May 1, 2026, Mobile Global Esports, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an investor, pursuant to which the Company issued a convertible promissory note in the aggregate principal amount of $130,000, of which $13,000 is original issue discount (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886362/000121390026051633/0001213900-26-051633-index.htm
- claim_id: 330f780aed4a9401d31c657fe456a2e043e88e34
  claim: Mobile Global Esports, Inc. entered into Securities Purchase Agreement with an investor valued at $130,000 (effective 2026-05-01).
  evidence_excerpt: On May 1, 2026, Mobile Global Esports, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an investor, pursuant to which the Company issued a convertible promissory note in the aggregate principal amount of $130,000, of which $13,000 is original issue discount (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886362/000121390026051633/0001213900-26-051633-index.htm

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