---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-027618"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T17:09:00.703027+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment converts $3.5M Series C Preferred into 8M shares; dividends up $3.6M

## Summary
- Holder converted $3,506,701 of Series C Preferred into 8,025,548 common shares at 90% of lowest 10-day VWAP.
- Dividends on Series C Preferred increased by $3,634,521 due to Alternate Conversion Floor adjustments.
- After conversions, ~$10,038,000 of Series C Preferred remains; common shares outstanding: 22,357,628.
- Unregistered shares issued under Section 3(a)(9); company intends additional equity conversions.

## SEC filing metadata
- accession: 0001493152-23-027618
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 1.01, 5.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223027618/0001493152-23-027618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223027618/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027618
- JSON: https://secwatch.observer/filing/0001493152-23-027618.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027618.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.