secwatch.observer — SEC 8-K summary
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Issuer:     Agassi Sports Entertainment Corp. (AASP)
CIK:        0000930245
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001472375-26-000012
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agassi Sports enters $500K-$3.8M IBM cloud deal for AI tennis/pickleball app
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- Minimum commitment: $500K non-refundable for year 1; $3.3M for years 2-5 cancellable by 12/31/2026.
- IBM grants up to $250K in cloud credits for development and testing of the embedded solution.
- App is AI-powered self-improvement platform for tennis, padel, and pickleball players using 'Agassi Intelligence' AI.
- Initial term 1 year, auto-renew for 4 years unless cancelled by written notice before 12/31/2026.
- Company must develop the App and provide Level 1 support; IBM provides cloud services and technical support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930245/000147237526000012/0001472375-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930245/000147237526000012/ixform8k.htm
  HTML page:      https://secwatch.observer/filing/0001472375-26-000012

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