Esports Entertainment converts $204,828 of Series C Preferred into 201,063 common shares; $14.6M remains

ESPORTS ENTERTAINMENT GROUP, INC.

Holder converted $204,828 of Series C Preferred into 201,063 common shares from June 30 to July 12, 2023.
Conversion price was 90% of the lowest VWAP of the 10 trading days ending on the conversion date.
Approximately $14,601,000 of Series C Preferred remains outstanding after these conversions.
Company intends to continue additional equity conversions on the same terms in the foreseeable future.
Shares were issued unregistered under Section 3(a)(9) of the Securities Act, relying on an exemption.

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