---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-030572"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:21:13.096250+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 $641K Series C Preferred into 5.13M common shares

## Summary
- Holder converted $641,000 of Series C Preferred into 5,128,624 common shares at 90% of lowest VWAP (Aug 23-28, 2023).
- After conversions, $7.75M Series C Preferred remains outstanding; total shares outstanding ~42.7M.
- Shares issued unregistered under Section 3(a)(9); company plans to continue further equity conversions.
- Follows exchange of $15.23M Senior Convertible Note into Series C Preferred in April/May 2023.

## SEC filing metadata
- accession: 0001493152-23-030572
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-08-29T23:59:59+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/1451448/000149315223030572/0001493152-23-030572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223030572/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-030572
- JSON: https://secwatch.observer/filing/0001493152-23-030572.json
- Plain text: https://secwatch.observer/filing/0001493152-23-030572.txt

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