Esports Entertainment converts $493k Series C Preferred into 5.0M common shares, diluting equity

ESPORTS ENTERTAINMENT GROUP, INC.

Between Sept 20-25, 2023, holder converted ~$493,000 of Series C Preferred into 5,045,128 common shares at 90% of lowest VWAP.
After conversions, ~$6,648,000 of Series C Preferred remains outstanding; additional conversions expected.
Outstanding common shares rose to 55,853,042 as of Sept 25, 2023; ~9% dilution from this conversion.
Dividends on Series C increased by ~$69,000 due to conversion price floor adjustment.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.