Esports Entertainment sells 8.44M shares via ATM for $658,645 net; proceeds split with preferred holders

ESPORTS ENTERTAINMENT GROUP, INC.

Sold 8,440,375 shares from Oct 10-12, 2023 under ATM equity program, net proceeds $658,645 after $20,370 fees.
Net proceeds allocated 50% to company, 50% to redeem Series C and D preferred stock per Oct 6 settlement agreement.
As of Oct 12, 2023, 67,329,316 shares outstanding; company intends to continue ATM sales.
Redemption proceeds of $329,323 placed in escrow; release requires escrow balance to exceed $250,000.

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