Esports Entertainment : Regulation FD Disclosure – Form 8-K -November 27, 2023 at 05:00 pm EST


Item 3.02: Documentation of Unregistered Equity Security Sales.

As previously presented in Items 1.01, 3.02 and 5.03 of the Form 8-K Current Reports submitted by Esports Entertainment Group, Inc. (hereafter referred to as “the Company”, “we” or “us”) on April 20, 2023, and May 1, 2023, an agreement was reached, and acted upon, between us and the bearer (the “Holder”) of our Senior Convertible Note. This involved a swap of $15,230,024 from the overall principal of our outstanding Senior Convertible Note into 15,230 new Series C Convertible Preferred Stock shares. These new shares of Series C Convertible Preferred Stock can be turned into common stocks based on a specific formula at the time of conversion. The said formula was outlined in the previously mentioned Form 8-K reports and the Series C Convertible Preferred Stock Certificate of Designations, which is attached to those reports as an exhibit and explained below.

From the duration of November 20 through November 24, 2023, as reported in our Quarterly Report on Form 10-Q filed with the SEC on November 20, 2023, neither we nor the Holder engaged in any equity conversions under the Series C Convertible Preferred Stock.

At present, there is roughly $5,509,000 total value of the Series C Convertible Preferred Stock still in circulation. We plan on conducting more equity conversions of the same kind in the near future.


Esports Entertainment Group Inc. released this information on November 27, 2023, taking full accountability for the contained details. Publicly distributed, without editing or alteration, by Public at 21:58:40 UTC on November 27, 2023.

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