other material
confidence high
sentiment negative
materiality 0.70
Esports Entertainment issues ~3.6M shares on conversion, sells 8.2M shares via ATM through Nov 6
ESPORTS ENTERTAINMENT GROUP, INC.
- Converted ~$189k preferred principal + $1k dividends into 3.57M shares at 90% of lowest VWAP.
- From Oct 23 to Nov 6, sold 8.23M shares via ATM for gross ~$520k; net $504k after $16k fees.
- After conversions, ~$6.28M of Series C Preferred remains; ~$5.99M shares available under ATM.
- ATM proceeds split 50/50 with preferred holder; ~$206k escrowed, need $250k to release.
- Total shares outstanding as of Nov 6: 79.1M.