---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032872"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:37:36.206909+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment Group enters into Equity Distribution Agreement for up to $7.2M at-the-market offering

## Summary
- Company entered Equity Distribution Agreement with Maxim Group LLC to sell up to $7,186,257 of common stock through ATM offering.
- Proceeds may be used to redeem Series C and Series D preferred stock per holder's option, up to 50% each, unless waived.
- Company also entered Waiver Agreement with holder Alto Opportunity Master Fund to allow initial filing of registration statement.

## SEC filing metadata
- accession: 0001493152-23-032872
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223032872/0001493152-23-032872-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223032872/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032872
- JSON: https://secwatch.observer/filing/0001493152-23-032872.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032872.txt

## Key facts
- Material Agreements
  ESPORTS ENTERTAINMENT GROUP, INC. entered into Waiver Agreement with Holder of Series C Convertible Preferred Stock and Series D Convertible Preferred Stock valued at Waiver allowed Company to proceed with initial filing of registration statement on Form S-3 MEF and (effective 2023-09-15).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Holder of Series C Convertible Preferred Stock and Series D Convertible Preferred Stock
  - Value: Waiver allowed Company to proceed with initial filing of registration statement on Form S-3 MEF and
  - Effective: 2023-09-15
  source text: The Company entered into a waiver agreement (“Waiver”) on September 15, 2023, with the Holder of the Series C Convertible Preferred Stock and the Series D Convertible Preferred Stock, as a condition to filing the registration statement on Form S-3 MEF on September 15, 2023 and the prospectus supplement on September 15, 2023 for the “at the market” offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451448/000149315223032872/0001493152-23-032872-index.htm
- Material Agreements
  ESPORTS ENTERTAINMENT GROUP, INC. entered into Equity Distribution Agreement with Maxim Group LLC valued at Aggregate gross sales proceeds of up to $7,186,257; compensation equal to 3.0% of gross proceeds (effective 2023-09-15).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Maxim Group LLC
  - Value: Aggregate gross sales proceeds of up to $7,186,257; compensation equal to 3.0% of gross proceeds
  - Effective: 2023-09-15
  source text: On September 15, 2023, Esports Entertainment Group, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with Maxim Group LLC (“Maxim Group”) under which the Company may offer and sell, from time to time at its sole discretion, shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), with aggregate gross sales proceeds of up to $7,186,257 through an “at the market” equity offering program under which Maxim Group will act as sales agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451448/000149315223032872/0001493152-23-032872-index.htm

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