The company raised modest capital ($1.825M) from its largest stockholder and two other investors, converting related-party debt on the same terms as new cash — avoiding a distressed conversion. The $7.00 warrant exercise price is 40% above the $5.00 unit price, suggesting the insider sees upside. Monitor the company's next 10-Q for cash burn rate and whether this capital extends runway materially.
Price Chart
Executive Summary
Agassi Sports Entertainment Corp. raised $1.825M through a private placement and converted a $1M related-party note into equity. The company issued 565,000 shares and 565,000 warrants to Investments AKA, LLC (controlled by Andre Agassi, the largest stockholder) and two other accredited investors. The $1M convertible note from July 2026 was converted early at $5.00/unit, waiving the $3M new-money threshold and all accrued interest. The new cash ($1.5M from Investments AKA + $325K from two investors) provides working capital but creates immediate dilution of ~4.3% from shares issued, with additional overhang from 565,000 warrants exercisable at $7.00.
Key Financial Metrics
Key Facts
- Investments AKA, LLC (Andre Agassi's entity) purchased 300,000 units at $5.00/unit for $1.5M, receiving 300,000 shares and 300,000 warrants exercisable at $7.00 through Oct 2029.
- A $1M convertible note from July 2026 was converted into 200,000 shares and 200,000 warrants (same $5.00 unit price, $7.00 exercise price), waiving the $3M new-money threshold and all accrued interest.
- Two other accredited investors purchased 65,000 units at $5.00/unit for $325K, receiving 65,000 shares and 65,000 warrants with a 4.999% ownership blocker.
- Post-issuance, the company will have 13,711,824 shares outstanding (up from 13,211,824). Total dilution from shares issued is 500,000 shares or ~3.8% of pre-transaction float.
- Total potential dilution from all warrants (565,000 shares) would be an additional ~4.1% if fully exercised at $7.00, bringing in up to $3.955M in additional cash.
- The conversion of the related-party note was done on terms identical to the new cash round, with interest forgiven — a neutral signal that avoids a potentially dilutive conversion at a lower price.
Financial Impact
$1.825M gross proceeds ($1.5M new cash + $325K from two investors) plus $1M debt conversion. Dilution of ~3.8% from shares issued, plus ~4.1% warrant overhang.
Risk Factors
- Warrant overhang of 565,000 shares (~4.1% of outstanding) could pressure the stock if the price approaches $7.00.
- The company's largest stockholder (Andre Agassi) now holds a larger stake, increasing concentration risk.
- No financial results were disclosed — the company's operating performance and cash runway remain unknown.
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-047514 |
| Exhibit: ex10-2.htm | 0001493152-26-047514 |
| Exhibit: ex4-1.htm | 0001493152-26-047514 |
| Exhibit: ex4-2.htm | 0001493152-26-047514 |
| Document: form8-k.htm | 0001493152-26-047514 |
| Document: 0001493152-26-047514-index-headers.html | 0001493152-26-047514 |
| Document: 0001493152-26-047514-index.html | 0001493152-26-047514 |
| Document: 0001493152-26-047514.txt | 0001493152-26-047514 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $5.49 | awaiting T+20 | — | $5.20 (−5.28%) |
Oct 20, 2026 6d ago | SC 13D/A | $5.20 | awaiting T+20 | — | $5.20 (−0.00%) |
Oct 19, 2026 8d ago | 8-K | $5.00 | awaiting T+20 | — | $5.20 (+4.00%) |
Oct 1, 2026 26d ago | 8-K | $5.00 | awaiting T+20 | — | $5.20 (+4.00%) |
Sep 24, 2026 4w ago | SC 13D/A | $4.75 $5.50 | ▲ +15.79% | ▲ +16.21% | $5.20 (+9.47%) |
Aug 13, 2026 10w ago | EFFECT | $6.30 $5.70 | ▲ +9.52% | ▲ +7.78% | $5.20 (+17.46%) |
Aug 10, 2026 11w ago | S-1/A | $6.20 $5.50 | ▲ +11.29% | ▲ +10.23% | $5.20 (+16.13%) |
Aug 10, 2026 11w ago | 8-K | $6.20 $5.50 | ▼ −11.29% | ▼ −10.23% | $5.20 (−16.13%) |
Aug 4, 2026 12w ago | 8-K | $6.50 $6.22 | ▼ −4.31% | ▼ −3.07% | $5.20 (−20.00%) |
Jul 30, 2026 12w ago | 8-K | $6.40 $6.50 | ▲ +1.56% | ▼ −2.40% | $5.20 (−18.75%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers