---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-033235"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T11:57:22.746340+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001493152-23-033235
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-09-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 1.01, 3.02, 5.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223033235/0001493152-23-033235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223033235/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-033235
- JSON: https://secwatch.observer/filing/0001493152-23-033235.json
- Plain text: https://secwatch.observer/filing/0001493152-23-033235.txt

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