---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-043583"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:41:43.182776+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment converts $343K preferred into 14.1M shares; ATM raises $787K

## Summary
- Converted $338K principal plus $5K dividends of Series C Preferred into 14,129,000 common shares at 90% of lowest 10-day VWAP.
- Sold 36,700,000 common shares via ATM for gross proceeds of ~$787,000; ~$4,184,000 remaining capacity.
- Net proceeds ~$753K split 50% to company, 50% to preferred holder for redemption of Series D then C.
- As of Dec 1, 2023, 179,824,726 common shares outstanding; $5,308,000 Series C Preferred remains.
- Escrow account holds ~$913K redemption proceeds; $322K disbursed to redeem 312 Series D shares.

## SEC filing metadata
- accession: 0001493152-23-043583
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-12-04T23:59:59+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/1451448/000149315223043583/0001493152-23-043583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223043583/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-043583
- JSON: https://secwatch.observer/filing/0001493152-23-043583.json
- Plain text: https://secwatch.observer/filing/0001493152-23-043583.txt

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