other material
confidence high
sentiment neutral
materiality 0.65
Esports Entertainment Group files pro forma balance sheet for debt-to-equity swap and Series D offering
ESPORTS ENTERTAINMENT GROUP, INC.
- Exchanged $15.23M Senior Convertible Note for Series C Convertible Preferred Stock on Apr 28, 2023.
- Eliminated derivative liability of $1.96M (fair value at Mar 31, 2023).
- Raised $4.26M gross proceeds from Series D Convertible Preferred Stock offering (4,300 shares at $1,000 each).
- Issued common warrants for 1,433,333 shares at $1.96 and preferred warrants for 4,300 Series D shares at $1,000.
- Redeemed $679,976 principal of Senior Convertible Note for $750K (incl. premium and accrued interest).