Esports Entertainment converts $1.65M Series C to 10M shares; 36% dilution in a week

ESPORTS ENTERTAINMENT GROUP, INC.

Holder converted ~$1.645M of Series C Preferred into 10,033,858 common shares (Aug 16-21, 2023).
Conversion price set at 90% of lowest VWAP over 10 trading days before conversion (Alternate Conversion Price).
Following conversions, ~$8.392M of Series C Preferred remains outstanding.
Common shares outstanding increased to 37,569,445 as of Aug 21, 2023.
Shares issued under Section 3(a)(9) exemption; no registration required.

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