---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-033770"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:38:56.861043+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 $493k Series C Preferred into 5.0M common shares, diluting equity

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-033770
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 1.01, 3.02, 5.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223033770/0001493152-23-033770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223033770/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-033770
- JSON: https://secwatch.observer/filing/0001493152-23-033770.json
- Plain text: https://secwatch.observer/filing/0001493152-23-033770.txt

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