---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-001856"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2024-01-09T23:59:59+00:00"
generated_at: "2026-06-07T01:26:09.125142+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment issues Series E Preferred to CFO with 600M votes for share increase proposal

## Summary
- Issued 100 shares of Series E Preferred at $10/share ($1,000 total) to CFO Michael Villani, an accredited investor.
- Each Series E share grants 6,000,000 votes, totaling 600M votes, but only on proposals to increase authorized common stock.
- Series E shares vote in proportion to common stock on the authorized share increase; no conversion, no dividends, no liquidation rights.
- Chairman Chul Woong Lim resigned effective at the 2023 Annual Meeting; no disagreement with the company.
- Series E Preferred is redeemable automatically upon effectiveness of the share increase or at board discretion for $10/share.

## SEC filing metadata
- accession: 0001493152-24-001856
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2024-01-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.02, 5.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315224001856/0001493152-24-001856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315224001856/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-001856
- JSON: https://secwatch.observer/filing/0001493152-24-001856.json
- Plain text: https://secwatch.observer/filing/0001493152-24-001856.txt

## Key facts
- Executive change
  Chul Woong Lim departed as director at ESPORTS ENTERTAINMENT GROUP, INC..
  - Action: resigning
  - Role: director
  source text: Chul Woong Lim, a director of the Company, notified the Company that he would be resigning as a director of the Company and would therefore not be standing for reelection to the Company’s Board of Directors (the “Board”) at the 2023 Annual Meeting of the Stockholders (the “2023 Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451448/000149315224001856/0001493152-24-001856-index.htm
- Governance Changes
  ESPORTS ENTERTAINMENT GROUP, INC.: Creation of Series E Preferred Stock through Certificate of Designations, amending the articles of incorporation.
  - Change: charter amendment
  source text: Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year The disclosure required by this Item and included in Item 1.01 of this Current Report is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451448/000149315224001856/0001493152-24-001856-index.htm
- Material Agreements
  ESPORTS ENTERTAINMENT GROUP, INC. entered into Subscription and Investment Representation Agreement valued at $1,000.00 in the aggregate (effective 2024-01-05).
  - Action: entry
  - Agreement: equity purchase
  - Value: $1,000.00 in the aggregate
  - Effective: 2024-01-05
  source text: The Company agrees to sell to Subscriber, and Subscriber agrees to purchase from the Company, one hundred (100) shares of the Company’s Series E Preferred Stock, par value $0.001 per share (the “ Securities ”), which Securities shall have the rights, preferences, privileges and restrictions set forth in the Certificate of Designations attached hereto as Exhibit A (the “ Certificate of Designations ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451448/000149315224001856/0001493152-24-001856-index.htm

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