secwatch.observer — SEC 8-K summary
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Issuer:     EBET, Inc. (—)
CIK:        0001829966
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001683168-23-000494
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EBET gets loan covenant waivers until Apr 28; CMO resigns; preferred conversion adjustment dates extended
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- Loan covenant waivers provided by Lender until April 28, 2023; company does not expect to satisfy covenants and is in discussions to modify.
- Mark Thorne, Chief Marketing Officer, resigned effective February 1, 2023.
- Preferred Stock conversion price adjustment dates extended: initial to Apr 28, second to Jul 31, third added Oct 31, 2023; floor price $0.71.
- Holders approved amendment allowing up to $10M in securities at or above Minimum Price under NASDAQ Rule 5635(d) before Apr 28, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829966/000168316823000494/0001683168-23-000494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829966/000168316823000494/ebet_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-000494

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer