---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-045996"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T07:51:35.037395+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment Group effects 1-for-400 reverse stock split, reduces authorized shares

## Summary
- Reverse stock split 1-for-400 reduces outstanding shares from ~426M to ~1.065M.
- Authorized shares reduced from 500M to 1.25M; company will seek stockholder approval to increase.
- Nasdaq Panel granted exception until Jan 24, 2024 to demonstrate bid price compliance.
- Reverse split effective Dec 21, 2023; no fractional shares issued (rounded up).
- Adjustments made to conversion prices for Series C and D preferred stock and warrants.

## SEC filing metadata
- accession: 0001493152-23-045996
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223045996/0001493152-23-045996-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223045996/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-045996
- JSON: https://secwatch.observer/filing/0001493152-23-045996.json
- Plain text: https://secwatch.observer/filing/0001493152-23-045996.txt

## Key facts
- Governance Changes
  ESPORTS ENTERTAINMENT GROUP, INC.: Filed a Certificate of Change to effect a 1-for-400 reverse stock split and decrease authorized shares from 500 million to 1.25 million (effective 2023-12-21).
  - Change: charter amendment
  - Effective: 2023-12-21
  source text: On December 22, 2023, Esports Entertainment Group, Inc. (the “Company”) filed a Certificate of Change (the “Certificate of Change”) with the Secretary of State of the State of Nevada to (i) effect a 1-for-400 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), and (ii) decrease the number of total authorized shares of Common Stock from 500 million shares to 1.25 million shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451448/000149315223045996/0001493152-23-045996-index.htm

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