8-K
filed August 1, 2024, 7:59 PM ET
CIK 0001829966
other material
confidence high
sentiment negative
materiality 1.00
EBET sold all assets via foreclosure; owes $37.1M; CEO, CFO, board resign; no operations
EBET, Inc.
- Foreclosure auction of EBET's subsidiary Karamba Limited and seven websites completed on August 1, 2024.
- Total obligations to lender CP BF Lending LLC: $37,117,573.56 immediately due; company lacks funds to repay.
- Board members Aaron Speach, Christopher Downs, Dennis Neilander, Michael Nicklas resigned on August 1, 2024.
- CEO Aaron Speach and CFO Matthew Lourie resigned; no disagreements with management cited.
- EBET, Inc. has ceased to have any further business operations after the sale.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher Downs resigned as Director at EBET, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On August 1, 2024, Aaron Speach, Christopher Downs, Dennis Neilander and Michael Nicklas resigned from the EBET, Inc. (the “Company”) Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Aaron Speach resigned as Chief Executive Officer and President at EBET, Inc..
- Action
- resigned
- Role
- Chief Executive Officer and President
Exact text from the filing
On August 1, 2024, Aaron Speach resigned as the Company’s Chief Executive Officer and President, and Matthew Lourie resigned as the Company’s Chief Financial Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dennis Neilander resigned as Director at EBET, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On August 1, 2024, Aaron Speach, Christopher Downs, Dennis Neilander and Michael Nicklas resigned from the EBET, Inc. (the “Company”) Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Aaron Speach resigned as Director at EBET, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On August 1, 2024, Aaron Speach, Christopher Downs, Dennis Neilander and Michael Nicklas resigned from the EBET, Inc. (the “Company”) Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Nicklas resigned as Director at EBET, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On August 1, 2024, Aaron Speach, Christopher Downs, Dennis Neilander and Michael Nicklas resigned from the EBET, Inc. (the “Company”) Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Lourie resigned as Chief Financial Officer at EBET, Inc..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
On August 1, 2024, Aaron Speach resigned as the Company’s Chief Executive Officer and President, and Matthew Lourie resigned as the Company’s Chief Financial Officer.
View on SEC.gov
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