---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-000269"
form_type: "8-K"
ticker: "AAPI"
cik: "0001134982"
company_name: "Apple iSports Group, Inc."
filed_at: "2025-01-15T23:59:59+00:00"
generated_at: "2026-05-28T00:50:57.726338+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Apple iSports Group converts $2.81M debt into 11.2M shares; top shareholder Cres Pty Ltd stake rises to 41%

## Summary
- Cres Pty Ltd exchanged $2,807,760 of loans (including accrued interest) for 11,231,040 shares of common stock at $0.25 per share.
- Immediately after conversion, Cres Pty Ltd owned 90,408,541 shares or 41% of total outstanding, up from 38%.
- Marino Sussich, controlling party of Cres and related entities, beneficially owns 44.2% of common stock.
- Total outstanding shares increased from 208,484,811 to 219,715,851 post-conversion.
- Shares issued are unregistered; restrictive legend applies and no public market exists.

## SEC filing metadata
- accession: 0001477932-25-000269
- form_type: 8-K
- ticker: AAPI
- cik: 0001134982
- company_name: Apple iSports Group, Inc.
- filed_at: 2025-01-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1134982/000147793225000269/0001477932-25-000269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1134982/000147793225000269/aapi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-000269
- JSON: https://secwatch.observer/filing/0001477932-25-000269.json
- Plain text: https://secwatch.observer/filing/0001477932-25-000269.txt

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