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

Issuer:     ESPORTS ENTERTAINMENT GROUP, INC. (GMBL)
CIK:        0001451448
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0001493152-23-024511
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 3.02, 1.01, 5.03
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451448/000149315223024511/0001493152-23-024511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451448/000149315223024511/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-024511

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