Esports Entertainment Group converts $414,726 of Series C Preferred into 939,009 common shares

ESPORTS ENTERTAINMENT GROUP, INC.

Holder converted $414,726 Series C Preferred into 939,009 common shares at 90% of 10-day low VWAP.
Conversions follow April/May 2023 exchange of $15.23M Senior Convertible Note into Series C Preferred.
After conversions, approx. $13.736M of Series C Preferred remains outstanding.
Shares issued were unregistered, relying on Section 3(a)(9) exemption.
Company intends to continue additional equity conversions under same terms.

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