secwatch.observer — SEC 8-K summary
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Issuer:     Agassi Sports Entertainment Corp. (AASP)
CIK:        0000930245
Form:       8-K
Filed at:   2026-07-30T12:30:12+00:00
Accession:  0001493152-26-035332
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agassi Sports Entertainment enters $1M convertible note with entity controlled by Andre Agassi
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- $1,000,000 convertible promissory note issued to Investments AKA, LLC, owned by Andre Agassi (largest stockholder) and whose CFO is also company's CFO.
- Note bears 3.96% interest, matures July 27, 2027; automatically converts into next equity financing of at least $3M at same price as new investors.
- Proceeds used for general working capital; note sold without registration under Section 4(a)(2) and Rule 506(b).
- Related-party transaction: lender's CFO is Shawn Cable, also company's CFO; Andre Agassi is largest beneficial stockholder.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930245/000149315226035332/0001493152-26-035332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930245/000149315226035332/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-035332

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