---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-005208"
form_type: "8-K"
ticker: null
cik: "0001829966"
company_name: "EBET, Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:59:11.034354+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# EBET sold all assets via foreclosure; owes $37.1M; CEO, CFO, board resign; no operations

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-24-005208
- form_type: 8-K
- cik: 0001829966
- company_name: EBET, Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 8.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/0001683168-24-005208-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/ebet_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-005208
- JSON: https://secwatch.observer/filing/0001683168-24-005208.json
- Plain text: https://secwatch.observer/filing/0001683168-24-005208.txt

## Key facts
- Executive change
  Christopher Downs resigned as Director at EBET, Inc..
  - Action: resigned
  - Role: Director
  source text: On August 1, 2024, Aaron Speach, Christopher Downs, Dennis Neilander and Michael Nicklas resigned from the EBET, Inc. (the “Company”) Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/0001683168-24-005208-index.htm
- Executive change
  Aaron Speach resigned as Chief Executive Officer and President at EBET, Inc..
  - Action: resigned
  - Role: Chief Executive Officer and President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/0001683168-24-005208-index.htm
- Executive change
  Dennis Neilander resigned as Director at EBET, Inc..
  - Action: resigned
  - Role: Director
  source text: On August 1, 2024, Aaron Speach, Christopher Downs, Dennis Neilander and Michael Nicklas resigned from the EBET, Inc. (the “Company”) Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/0001683168-24-005208-index.htm
- Executive change
  Aaron Speach resigned as Director at EBET, Inc..
  - Action: resigned
  - Role: Director
  source text: On August 1, 2024, Aaron Speach, Christopher Downs, Dennis Neilander and Michael Nicklas resigned from the EBET, Inc. (the “Company”) Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/0001683168-24-005208-index.htm
- Executive change
  Michael Nicklas resigned as Director at EBET, Inc..
  - Action: resigned
  - Role: Director
  source text: On August 1, 2024, Aaron Speach, Christopher Downs, Dennis Neilander and Michael Nicklas resigned from the EBET, Inc. (the “Company”) Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/0001683168-24-005208-index.htm
- Executive change
  Matthew Lourie resigned as Chief Financial Officer at EBET, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/0001683168-24-005208-index.htm

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