other material
confidence high
sentiment negative
materiality 0.70
Esports Entertainment converts $221K of preferred into 4.42M shares; ATM raises $364K
ESPORTS ENTERTAINMENT GROUP, INC.
- Converted ~$219K principal + $2K dividends of Series C Preferred into 4,422,000 common shares at 90% of lowest VWAP.
- Remaining Series C preferred outstanding ~$6.076M; additional conversions expected.
- Sold 7,199,151 shares via ATM for gross $364K; net $353K split 50% to company, 50% to preferred holder.
- Redeemed 312 shares of Series D Preferred from escrow proceeds; $322K disbursed to holder.
- Total common shares outstanding as of Nov 10, 2023: 90,755,269.