---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-045518"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T09:47:11.716251+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment Group Announces 1-for-400 Reverse Stock Split and Nasdaq Exception

## Summary
- Board approved 1-for-400 reverse stock split effective at 4:01 PM ET on December 21, 2023, reducing shares from ~426M to ~1.065M.
- Common stock to trade on split-adjusted basis under symbol GMBL starting December 22, 2023, with new CUSIP 29667K603.
- Nasdaq Hearings Panel granted exception until January 24, 2024, for bid price compliance with $1.00 minimum closing bid for 20 consecutive sessions.
- Company intends to seek stockholder approval to increase authorized shares to raise capital for maintaining minimum equity requirements.
- Reverse split also adjusts conversion of Series C and D Convertible Preferred Stock and Series A Cumulative Redeemable Convertible Preferred Stock.

## SEC filing metadata
- accession: 0001493152-23-045518
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223045518/0001493152-23-045518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223045518/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-045518
- JSON: https://secwatch.observer/filing/0001493152-23-045518.json
- Plain text: https://secwatch.observer/filing/0001493152-23-045518.txt

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