---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-036619"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:13:29.190212+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment settles $64.5K registration delay with stock; waives preferred redemption on ATM proceeds

## Summary
- Issuing 10,000 shares at $0.05 initially, then $1,000 every 7 days at lower of $0.05 or 90% of 10-day VWAP to settle $64,500 RRA fee.
- Holder waives right to require redemption of preferred with ATM proceeds; 50% net proceeds retained, 50% for Series D then Series C redemption.
- ATM proceeds escrowed; released to Holder only when escrow ≥$250k and company makes public disclosure, or upon default.
- New settlement replaces expired August 2023 agreement; partial waiver of antidilution for conversions after issuance.

## SEC filing metadata
- accession: 0001493152-23-036619
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223036619/0001493152-23-036619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223036619/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-036619
- JSON: https://secwatch.observer/filing/0001493152-23-036619.json
- Plain text: https://secwatch.observer/filing/0001493152-23-036619.txt

## Key facts
- Material Agreements
  ESPORTS ENTERTAINMENT GROUP, INC. entered into Waiver with holder of the Company’s outstanding Series C Convertible Preferred Stock and Series D Convertible Preferred Stock (effective 2023-10-06).
  - Action: entry
  - Agreement: atm program
  - Counterparty: holder of the Company’s outstanding Series C Convertible Preferred Stock and Series D Convertible Preferred Stock
  - Effective: 2023-10-06
  source text: The Company also entered into a waiver agreement (“Waiver”) on October 6, 2023, with the Holder, as a condition to access any net proceeds from the future sale of shares of common stock under the Company’s previously announced “at the market” (or “ATM”) equity offering program
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451448/000149315223036619/0001493152-23-036619-index.htm
- Material Agreements
  ESPORTS ENTERTAINMENT GROUP, INC. entered into October Settlement Agreement with holder of the Company’s outstanding Series C Convertible Preferred Stock and Series D Convertible Preferred Stock valued at approximately $64,500 (effective 2023-10-06).
  - Action: entry
  - Agreement: settlement
  - Counterparty: holder of the Company’s outstanding Series C Convertible Preferred Stock and Series D Convertible Preferred Stock
  - Value: approximately $64,500
  - Effective: 2023-10-06
  source text: On October 6, 2023, Esports Entertainment Group, Inc. (the “Company” “we” or “us”) entered into a settlement agreement (“October Settlement Agreement”) with the holder of the Company’s outstanding Series C Convertible Preferred Stock and Series D Convertible Preferred Stock (the “Holder”) to continue to issue common stock in partial settlement of Registration Rights Fees payable (“RRA Fees”) by the Company under the Registration Rights Agreement, dated May 22, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451448/000149315223036619/0001493152-23-036619-index.htm

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