Esports Entertainment converts ~$824K Series C preferred into 8.1M shares; total shares now 50.8M

ESPORTS ENTERTAINMENT GROUP, INC.

Holder converted ~$824K face value of Series C Convertible Preferred into 8,109,845 common shares at a discount to VWAP.
Outstanding Series C preferred reduced to ~$7.06M after conversions; ~$2K in accrued dividends paid.
No conversions occurred between Sept 6-13, 2023; company expects further future equity conversions.
Shares issued unregistered under Section 3(a)(9) exemption; shareholder base significantly diluted (16% increase in shares outstanding).
As of Sept 19, 2023, total common shares outstanding rose to 50,807,914 from ~42.7M prior (implied).

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