secwatch.observer — SEC 8-K summary
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Issuer:     ESPORTS ENTERTAINMENT GROUP, INC. (GMBL)
CIK:        0001451448
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001493152-23-040593
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.02, 1.01, 5.03, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Esports Entertainment converts $221K of preferred into 4.42M shares; ATM raises $364K
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451448/000149315223040593/0001493152-23-040593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451448/000149315223040593/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-040593

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