secwatch.observer — SEC 8-K summary
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Issuer:     EBET, Inc. (—)
CIK:        0001829966
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001683168-24-005208
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 2.01, 8.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/0001683168-24-005208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829966/000168316824005208/ebet_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-005208

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