secwatch.observer — SEC 8-K summary
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Issuer:     ESPORTS ENTERTAINMENT GROUP, INC. (GMBL)
CIK:        0001451448
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001493152-23-025503
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.02, 1.01, 5.03
LLM model:  deepseek-v4-flash:cloud@v2

Esports Entertainment converts $181,506 of Series C Preferred into 333,124 common shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451448/000149315223025503/0001493152-23-025503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451448/000149315223025503/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-025503

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