---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-035057"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:20:37.921695+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment converts $198k Series C Preferred into 2M+ shares; dilution continues

## Summary
- Holder converted ~$198,000 of Series C Preferred into 2,025,883 common shares at 90% of lowest 10-day VWAP.
- Accrued dividends increased by ~$47,000 as part of conversion adjustments.
- Remaining Series C Preferred outstanding ~$6,495,000 after conversions; further conversions expected.
- Common shares outstanding as of Sept 29, 2023: 58,878,941.
- Conversions were unregistered, exempt under Section 3(a)(9) of Securities Act.

## SEC filing metadata
- accession: 0001493152-23-035057
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 1.01, 5.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223035057/0001493152-23-035057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223035057/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-035057
- JSON: https://secwatch.observer/filing/0001493152-23-035057.json
- Plain text: https://secwatch.observer/filing/0001493152-23-035057.txt

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