secwatch.observer — SEC 8-K summary
======================================

Issuer:     Apple iSports Group, Inc. (AAPI)
CIK:        0001134982
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001477932-25-005556
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apple iSports Group secures $25M equity facility from LDA Capital; issues warrants
--------------------------------------------------------------------------------

- Entered $25M common stock purchase facility with LDA Capital on firm commitment basis over 3 years.
- Purchase price at 90% of avg daily closing price during 10-day pricing period; draw down up to 400% of 10-day avg daily volume.
- LDA received 2% commitment fee ($500K) plus $25K expense; warrant for 7,692,492 shares at $7.76, adjustable at 6/18 months.
- Beneficial ownership capped at 4.99%; company must file effective S-1 within 120 days to register shares.
- Transaction exempt under Section 4(a)(2) and Regulation D; warrant exercise price adjusts to lower of initial or 110% of VWAP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1134982/000147793225005556/0001477932-25-005556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1134982/000147793225005556/aapi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-005556

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