---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-042784"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-11-27T23:59:59+00:00"
generated_at: "2026-06-07T21:26:05.230964+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-042784
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-11-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 1.01, 5.03, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223042784/0001493152-23-042784-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223042784/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-042784
- JSON: https://secwatch.observer/filing/0001493152-23-042784.json
- Plain text: https://secwatch.observer/filing/0001493152-23-042784.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.