other material
confidence high
sentiment positive
materiality 0.75
Agassi Sports secures name/likeness rights from Andre Agassi; issues warrants to lock-up investors
Agassi Sports Entertainment Corp.
- License agreement grants non-exclusive worldwide rights to Andre Agassi's name/likeness for 15-year term; exclusive use of corporate name.
- One-time fee of $250,000 payable upon raising >$3M or within 6 months; no ongoing royalties.
- Lock-up agreements with 23 Nov 2024 investors; warrants to purchase 657,876 shares at $5.00, 2-yr term, lock-up until Dec 15, 2026.
- Sold 14,000 shares for $70,000 ($5.00/share) to two accredited investors; registration rights granted.