secwatch.observer — SEC 8-K summary
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Issuer:     Apple iSports Group, Inc. (AAPI)
CIK:        0001134982
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0001477932-25-000269
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1134982/000147793225000269/0001477932-25-000269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1134982/000147793225000269/aapi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-000269

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