secwatch / observer
8-K filed August 16, 2023, 7:59 PM ET ticker GMBL CIK 0001451448
other material confidence high sentiment neutral materiality 0.65

Esports Entertainment raises ~$1M in registered direct offering; settles registration fee liability with shares

ESPORTS ENTERTAINMENT GROUP, INC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ESPORTS ENTERTAINMENT GROUP, INC. entered into Securities Purchase Agreement with the Holder of Series C Convertible Preferred Stock and Series D Convertible Preferred Stock valued at $1,000,000 (effective 2023-08-15).

Action
entry
Agreement
equity purchase
Counterparty
the Holder of Series C Convertible Preferred Stock and Series D Convertible Preferred Stock
Value
$1,000,000
Effective
2023-08-15
Exact text from the filing
August 15, 2023, Esports Entertainment Group, Inc. (the "Company," "we," "our," and "us") entered into a securities purchase agreement with the holder (the "Holder") of our Series C Convertible Preferred Stock and Series D Convertible Preferred Stock ("The SPA").
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ESPORTS ENTERTAINMENT GROUP, INC. entered into Settlement Agreement with the Holder valued at 10,000 shares at $0.10 per share (effective 2023-08-15).

Action
entry
Agreement
settlement
Counterparty
the Holder
Value
10,000 shares at $0.10 per share
Effective
2023-08-15
Exact text from the filing
August 15, 2023, the Company also entered into a settlement agreement ("Settlement Agreement") with the Holder to issue common stock in partial settlement of Registration Rights Fees payable ("RRA Fees") by the Company under the Registration Rights Agreement, dated May 22, 2023 (the "Registration Rights Agreement"), between the Company and the Holder, in connection with a delay in the filing of a registration statement for the purpose of registering the resale of the common stock issuable under the Holder's Series D Convertible Preferred Stock and common warrants, despite the Company's best efforts to avoid such delay.
View on SEC.gov

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ESPORTS ENTERTAINMENT GROUP, INC. filing history →

Source: SEC EDGAR
accession 0001493152-23-029085
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