---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-036591"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2022-12-27T23:59:59+00:00"
generated_at: "2026-06-20T22:49:40.210088+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment Group raises $2.15M in December 2022 offering, issues super-voting preferred stock to management

## Summary
- Sold 7,065,000 common shares and pre-funded warrants for 17.85M shares to institutional investor at $0.0937 each.
- Net proceeds ~$2.15M; 50% ($1,073,343) remitted to investor for interest on Senior Convertible Note.
- Issued 100 Series B Preferred shares to management for $1,000; each carries 25M votes only on reverse stock split proposal.
- Series B Preferred is non-convertible, pays no dividends, and is redeemable at Board's discretion or upon reverse split approval.
- Offering made under effective Form S-3 shelf registration (No. 333-252370).

## SEC filing metadata
- accession: 0001493152-22-036591
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2022-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315222036591/0001493152-22-036591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315222036591/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-036591
- JSON: https://secwatch.observer/filing/0001493152-22-036591.json
- Plain text: https://secwatch.observer/filing/0001493152-22-036591.txt

## Key facts
- Material Agreements
  ESPORTS ENTERTAINMENT GROUP, INC. entered into Securities Purchase Agreement with Unknown (effective 2022-12-21).
  - Action: entry
  - Agreement: equity purchase
  - Effective: 2022-12-21
  source text: Description 3.1 Certificate of Designation of Series B Preferred Stock 4.1 Form of Warrant, dated December 21, 2022 5.1 Opinion of Westward Law Group 5.2 Opinion of Holland & Knight LLP 10.1 Securities Purchase Agreement, dated December 21, 2022 10.2 Subscription and Investment Representation Agreement, dated December 20, 2022 23.1 Consent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451448/000149315222036591/0001493152-22-036591-index.htm

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