secwatch.observer — SEC 8-K summary
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Issuer:     Agassi Sports Entertainment Corp. (AASP)
CIK:        0000930245
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001472375-25-000120
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agassi Sports partners with IBM to build AI-powered racquet sports platform, $2.1M initial payment
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- IBM will create website, mobile app, e-commerce, and AI video analysis model (Agassi Intelligence) using IBM watsonx.ai.
- SoW 1 total payment $2,134,716, payable monthly through June 2026; first $100k due within 15 days of Nov/Dec 2025 invoices.
- IBM provides $2,953,000 in-kind investment (reduced rates, no cash, no equity); performance bonus of 2–2.5% of net revenue.
- Multi-year commitment through Oct 2030; platform launch expected first half 2026.
- Andre Agassi to shape platform; collaboration aims to expand access to racquet sports globally.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930245/000147237525000120/0001472375-25-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930245/000147237525000120/ixform8k.htm
  HTML page:      https://secwatch.observer/filing/0001472375-25-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer