The Agassi group has doubled down with $2.5M of new capital at $5.00/unit, a significant insider vote of confidence. The filing explicitly disclaims any plans for board changes or strategic alternatives, suggesting this is a long-term hold rather than a catalyst for near-term M&A. Monitor the next 8-K or 10-Q for any change in this stated position or for the exercise of the new warrants.
Price Chart
Executive Summary
Investments AKA, LLC (the Agassi family entity) filed Amendment No. 7 to its Schedule 13D, reporting a material increase in its beneficial ownership stake in Agassi Sports Entertainment Corp. (AASP) following the conversion of a $1,000,000 convertible note into 200,000 shares and 200,000 warrants, plus a separate $1.5M private placement purchase of 300,000 units (shares + warrants). The combined stake (including shares held by ASI Group, LLC and the Graf Warrants) now represents 19.6% of the outstanding common stock on a fully diluted basis. The filing states no current plans for extraordinary corporate transactions or board changes, signaling continued insider support rather than activist escalation.
Key Financial Metrics
Key Facts
- Investments AKA, LLC converted a $1,000,000 convertible note into 200,000 shares and 200,000 warrants (exercise price $7.00, 3-year term).
- AKA purchased 300,000 units (shares + warrants) for $1,500,000 in a private placement at $5.00 per unit.
- Total beneficial ownership by the Agassi group (including ASI Group, LLC and Graf Warrants) is 19.6% of 14,211,824 shares outstanding on a diluted basis.
- Andre Agassi individually holds 24.9% on a fully diluted basis (including 1,000,000 Graf Warrants).
- No plans for mergers, asset sales, board changes, or delisting are stated in the filing.
- The AKA Convertible Note was satisfied in full upon conversion; no interest had accrued.
Financial Impact
Insider group invested $2.5M in new cash ($1.5M private placement + $1M note conversion) and now holds ~19.6% of diluted shares. The $1M note was converted at $5.00 per unit, and the private placement was at $5.00 per unit, both at a premium to the prior market price.
Risk Factors
- The company's 10-K (filed March 2026) indicates a going-concern uncertainty and history of losses; the new capital may only extend the runway modestly.
- The warrants (500,000 shares at $7.00) represent potential future dilution if exercised.
- No activist demands or board changes are planned per the filing, limiting near-term catalyst potential.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001472375-26-000224 |
| Document: 0001472375-26-000224-index.html | 0001472375-26-000224 |
| Document: 0001472375-26-000224.txt | 0001472375-26-000224 |
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
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