---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-023157"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T13:52:03.968613+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment converts $500K Series C Preferred into 332,061 common shares, diluting holders

## Summary
- Between May 22 and June 26, 2023, Holder converted $500K of Series C Preferred into 332,061 common shares.
- Conversion prices equal 90% of lowest VWAP of the 10 trading days ending on conversion date.
- Approximately $14,601,000 of Series C Preferred remains outstanding, subject to further conversions.
- Shares issued under Section 3(a)(9) exemption from registration; no commission paid.
- Company intends to continue effecting additional equity conversions on same terms, implying ongoing dilution.

## SEC filing metadata
- accession: 0001493152-23-023157
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 1.01, 5.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223023157/0001493152-23-023157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223023157/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-023157
- JSON: https://secwatch.observer/filing/0001493152-23-023157.json
- Plain text: https://secwatch.observer/filing/0001493152-23-023157.txt

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