Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Agassi Sports Entertainment Corp.: Company ceased being a shell company and transitioned to a start-up/development stage company (effective 2025-05-31).
- Change
- shell status
- Effective
- 2025-05-31
Exact text from the filing
the Company is no longer a “shell company” (as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended), and effective on the date of the closing of the Trademark Acquisition Agreement, May 31, 2025, the Company ceased being a “ shell Company ”, and transitioned to being a start-up/development stage company.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
Agassi Sports Entertainment Corp. completed an acquisition involving Patrick J. Rolfes and Ted Angelo for $25,000 in cash and warrants to purchase 50,000 shares of common stock, and six VIP tickets per seller for life to World Series of Pickleball events (closed 2025-05-31).
- Action
- acquisition
- Counterparty
- Patrick J. Rolfes and Ted Angelo
- Consideration
- $25,000 in cash and warrants to purchase 50,000 shares of common stock, and six VIP tickets per seller for life to World Series of Pickleball events
- Closing
- 2025-05-31
Exact text from the filing
On May 31, 2025, Agassi Sports Entertainment Corp., formerly known as Global Acquisitions Corp. (the " Company, " " us, " " we, " or " our "), entered into a Trademark Acquisition Agreement with Patrick J. Rolfes and Ted Angelo, the owners of the trademark for " World Series of Pickleball " (the " Trademark "). Pursuant to the Trademark Acquisition Agreement, we acquired all rights to, and ownership of, the Trademark, in consideration for $25,000 in cash and warrants to purchase 50,000 shares of the Company’s common stock (with warrants to purchase 25,000 shares granted to each seller)(the " Warrants ").
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