Agassi Sports Entertainment Corp. (AASP) Form 8-K — Oct 19, 2026
Agassi Sports Entertainment Corp. converted its $1,000,000 convertible note held by Investments AKA, LLC (controlled by Andre Agassi, the company's largest stockholder) into 200,000 shares of common stock plus 200,000 three-year warrants exercisable at $7.00, at a $5.00 unit price matching its recent private placement. Accrued interest, if any, was forgiven. In a concurrent Subscription Agreement, Investments AKA purchased an additional 300,000 units (one share plus one $7.00 warrant each) for $1,500,000, and two accredited investors separately bought 65,000 units for $325,000, bringing total new proceeds to roughly $1.825 million.
Key figures
- Debt Amount
- 1000000
- Interest Rate
- 3.96
- Maturity Date
- 2027-07-27
- Offering Price
- 5
- Shares Outstanding
- 13711824
- Note warrants
- 200000
- Investor units
- 65000
- Investor proceeds
- 325000
- Subscription units
- 300000
- Warrant expiration
- 2029-10-15
- Subscription proceeds
- 1500000
- Note conversion shares
- 200000
- Warrant exercise price
- 7
AI analysis
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