EBET approves 5x authorized share increase; preferred stock conversion could add 407M shares

At the Annual Meeting the Company’s stockholders approved an amendment to the Company’s Articles of Incorporation to increase the number of shares of common stock the Company is authorized to issue from 100,000,000 to 500,000,000 (the “Authorized Share Increase”). An amendment to the Company's Articles of Incorporation (the “Certificate of Amendment”) was filed with the Secretary of State of the State of Nevada to effect the Authorized Share Increase on July 27, 2023.

Proposal 4 : For purposes of complying with Nasdaq Listing Rule 5635, the future adjustment of the conversion price of the Company’s Series A Convertible Preferred Stock below $0.71 per share pursuant to the conversion price adjustment provision set forth in the Series A Convertible Preferred Stock was approved based upon the following votes: For Against Abstain Broker Non-Vote 10,750,220 471,330 94,984 6,478,567

Proposal 2 : The appointment of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2023 was ratified, having received the following votes: For Against Abstain Broker Non-Vote 15,633,549 1,943,488 218,064 0

Proposal 6 : The amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock from 100,000,000 to 500,000,000 shares was approved based upon the following votes: For Against Abstain Broker Non-Vote 14,419,815 3,354,927 20,359 0

Proposal 5 : The amendment to the Articles of Incorporation to grant the Board of Directors of the Company (the “Board”) authority to effect a reverse stock split of the Company’s outstanding common stock at a reverse stock split ratio of between 1-for-2 and 1-for-30, as determined by the Board in its sole discretion, prior to the one-year anniversary of this Annual Meeting, was approved based upon the following votes: For Against Abstain Broker Non-Vote 14,425,701 3,304,433 64,967 0

Proposal 7 : The authorization of the adjournment of the Annual Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of Proposal 4, Proposal 5, and/or Proposal 6 was approved based upon the following votes: For Against Abstain Broker Non-Vote 10,559,470 722,640 34,424 6,478,567

Proposal 3 : The amendment to the Company’s 2020 Stock Plan (the “2020 Plan”) to increase the number of shares of common stock authorized for issuance under the 2020 Plan by 2,500,000 shares was approved based upon the following votes: For Against Abstain Broker Non-Vote 10,331,704 922,825 62,005 6,478,567

Proposal 1 : The four nominees named in the Proxy Statement were elected to serve a one-year term expiring at the 2024 Annual Meeting of the Stockholders or until his successor is duly elected and qualified, based upon the following votes: Nominee For Withheld Broker Non-Vote Aaron Speach 7,875,246 3,441,288 6,478,567 Michael Nicklas 7,457,511 3,859,023 6,478,567 Dennis Neilander 10,657,945 658,589 6,478,567 Christopher S. Downs 7,460,691 3,855,843 6,478,567