---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029332"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:38:54.205651+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment restates historical financials for reverse split; FY2022 net loss $102M, going concern flagged

## Summary
- Auditors raise substantial doubt about going concern; accumulated deficit $149M as of June 30, 2022.
- FY2022 net loss $102.2M on revenue $58.4M; includes $46.5M asset impairment charge.
- 1-for-100 reverse stock split effective Feb 2023; prior periods retrospectively adjusted.
- Derivative liability $9.4M, warrant liability $2.2M at June 30, 2022.
- MD&A for nine months ended March 31, 2023 also included in filing.

## SEC filing metadata
- accession: 0001493152-23-029332
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223029332/0001493152-23-029332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223029332/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029332
- JSON: https://secwatch.observer/filing/0001493152-23-029332.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029332.txt

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