---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-044034"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:07:07.337906+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment converts $2.5M preferred stock into 118.8M shares, issues 127.3M shares via ATM

## Summary
- Holder converted $2,510,000 principal + $36,000 dividends of Series C Preferred into 118,800,000 common shares at 90% of lowest 10-day VWAP.
- Dividends increased by ~$727,000; ~$3,504,000 Series C remains outstanding.
- Sold 127,290,000 shares via ATM for gross ~$2,450,000; net split 50/50 with Holder for preferred redemptions.
- Shares outstanding as of Dec 6, 2023: 425,971,795.
- Redemption of Series D: $322,000 disbursed for 312 shares; $1.65M held in escrow for future redemptions.

## SEC filing metadata
- accession: 0001493152-23-044034
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.02, 1.01, 5.03, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223044034/0001493152-23-044034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223044034/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-044034
- JSON: https://secwatch.observer/filing/0001493152-23-044034.json
- Plain text: https://secwatch.observer/filing/0001493152-23-044034.txt

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