other material
confidence high
sentiment negative
materiality 0.60
Esports Entertainment converts $181,506 of Series C Preferred into 333,124 common shares
ESPORTS ENTERTAINMENT GROUP, INC.
- Holder converted $181,506 of Series C Preferred into 333,124 shares of common stock at 90% of lowest VWAP.
- After conversions, approximately $14.15M of Series C Preferred remains outstanding.
- Shares issued unregistered under Section 3(a)(9); company intends to continue conversions.
- Conversion price set at 90% of lowest VWAP of prior 10 trading days ending on conversion date.