Esports Entertainment sells 4M shares at ~$0.032 via ATM; proceeds for preferred redemption

ESPORTS ENTERTAINMENT GROUP, INC.

Sold 4,000,000 shares via ATM for gross proceeds of $128,000; net proceeds $124,000.
Proceeds allocated 50% to company and 50% to redemption of Series D and Series C preferred stock.
Approximately $5.5M of Series C Convertible Preferred Stock remains outstanding; no recent conversions.
As of Nov 24, 2023, 128,404,911 common shares outstanding, reflecting significant dilution.
$322,000 of escrowed funds disbursed to redeem 312 shares of Series D preferred.

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