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Mobile Global Esports, Inc SEC Filings

MGAM OTC Link

Welcome to our dedicated page for Mobile Global Esports SEC filings (Ticker: MGAM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The Mobile Global Esports Inc. (MGAM) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, along with AI-powered tools to help interpret key documents. MGAM identifies itself as an emerging growth company and a Delaware corporation, with its common stock quoted on the OTC Pink Sheets. Its filings offer insight into how the company structures financings, manages its capital base, and documents material corporate events related to its technology and IP-focused business.

Among the notable filings are several Form 8-K current reports. These include disclosures about convertible promissory notes issued to investors, detailing interest rates, maturity dates, conversion price formulas based on market price, and prepayment terms. Another 8-K describes an equity line of credit agreement that contemplates the potential sale of common stock up to a specified commitment amount, together with a registration rights agreement for the resale of those shares. These documents are relevant for understanding potential dilution, funding sources, and covenant structures.

MGAM has also filed an 8-K reporting a Certificate of Amendment to its Certificate of Incorporation with the State of Delaware, increasing the number of authorized shares of common stock following stockholder approval by written consent. Additional 8-K filings cover an asset purchase agreement with Reality Sports Online, Inc. for the acquisition of technology, intellectual property, and related assets, outlining consideration, indemnification obligations, and closing conditions.

On this page, Stock Titan surfaces MGAM’s 8-Ks and other SEC submissions as they are posted to EDGAR and applies AI-driven summaries to highlight the main terms, triggers, and implications. Users can quickly scan material agreements, capital structure changes, and acquisition-related disclosures, and then drill into the full text for deeper analysis. This makes it easier to track how MGAM reports its financing arrangements, share authorization changes, and significant corporate transactions over time.

Rhea-AI Summary

Mobile Global Esports Inc. entered into a Securities Purchase Agreement with an investor on May 1, 2026, under which it issued a convertible promissory note with an aggregate principal amount of $130,000, including $13,000 of original issue discount.

The Note bears interest at 6% per annum and matures on April 28, 2027. Beginning six months after issuance, it is convertible into common stock at a price equal to 65% of the Market Price, defined as the lowest trading price over the 15 trading days before conversion. The Company may prepay the Note at increasing premiums ranging from 110% to 140% of the principal depending on when prepayment occurs within the first 180 days after issuance.

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Mobile Global Esports Inc. appointed Rodney Lewis as Chief Financial Officer, effective April 23, 2026, under a Contractor’s Agreement with an indefinite term terminable on at least 14 days’ written notice. Mr. Lewis is a Certified Public Accountant with over 20 years of financial management and accounting experience.

Under the Agreement, he will receive an option to purchase 1,500,000 shares of common stock at an exercise price of $0.017, may participate in company benefit plans, and will be reimbursed for professional fees and reasonable business expenses. The Agreement includes indemnification, confidentiality, and non-disclosure provisions and is governed by Connecticut law.

The company discloses that Mr. Lewis is the first cousin of Chairman Marco Welch, but states there are no related party transactions involving Mr. Lewis that are reportable under Item 404(a) of Regulation S-K.

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Mobile Global Esports Inc. reported a leadership change in its finance function. On April 9, 2026, Mark Keeley resigned from his role as Chief Financial Officer Consultant. Chief Executive Officer Brett Rosin will serve as the company’s principal accounting officer on an interim basis until a new Chief Financial Officer is hired.

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Mobile Global Esports Inc. reports a small start to revenue and continued heavy losses for 2025, alongside substantial doubt about its ability to continue as a going concern. The company generated about $3,700 of revenue from a beta fantasy baseball league while focusing on developing its Dominus scoring engine and PUHZL personalization platform.

Selling, general and administrative expenses were about $2.16 million, driving a loss from continuing operations of roughly $2.13 million and a total net loss of about $2.26 million. Cash and restricted cash fell to about $573,000, with an accumulated deficit of roughly $12.9 million.

The company exited its India esports subsidiary, recording a smaller loss from discontinued operations, and relied on multiple promissory and convertible notes plus equity issuances to raise over $1.1 million of financing cash in 2025. Management explicitly states that additional capital will be needed to fund operations for at least the next 12 months, and auditors highlight going concern risk. Significant equity issuances to consultants and investors, along with new equity incentive capacity, point to ongoing dilution risk for existing shareholders.

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annual report
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Mobile Global Esports, Inc. registers for resale up to 100,000,000 shares of its common stock by ClearThink Capital Partners, LLC on a resale basis pursuant to an equity line Purchase Agreement dated December 1, 2025.

The registration covers resale only; the Company will not receive proceeds from resales. The prospectus also describes an equity line commitment of up to $10,000,000 in aggregate gross proceeds from sales to the Selling Stockholder and notes 60,640,074 shares outstanding as of February 11, 2026.

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Rhea-AI Summary

Mobile Global Esports Inc. has filed an S-1 to register up to 100,000,000 shares of common stock for resale by ClearThink Capital Partners under a committed equity line of credit of up to $10,000,000. The company will sell shares to ClearThink at 85% of the lowest daily closing price during a valuation period, then ClearThink may resell those shares to the public.

The company is not selling shares directly in this prospectus and will not receive proceeds from ClearThink’s resales, only from its own sales to ClearThink. Shares outstanding were 60,640,074 as of February 11, 2026, and authorized common stock was increased to 300,000,000, highlighting potential dilution. As of September 30, 2025, cash was about $810,000, and management states it will need additional financing.

Recent steps include a $75,000 original-issue-discount promissory note (10% interest, net proceeds $65,000) convertible at an initial price of $0.06 per share, and the acquisition of fantasy-sports platform Reality Sports Online. The filing details significant business and financing risks, including dependence on new fantasy technology, user growth, and access to capital.

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registration
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Mobile Global Esports Inc. increased the number of authorized shares of its common stock from 100,000,000 to 300,000,000 through a Certificate of Amendment to its Delaware certificate of incorporation dated January 12, 2026. The amendment was previously approved by stockholders by written consent on December 5, 2025, as described in the company’s Schedule 14C information statement. This change expands the total number of shares the company is permitted to issue in the future under its charter.

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Mobile Global Esports Inc. has obtained majority stockholder written consent to approve three major corporate actions without holding a meeting. First, the company adopted a 2025 Omnibus Equity Incentive Plan reserving 13,422,000 shares of common stock for future equity awards, which the board estimates to be about 25% of the 53,690,074 shares outstanding as of the record date. Second, it authorized a reverse stock split of the outstanding common stock at a ratio to be set by the board between 1-for-2 and 1-for-75, to be implemented by charter amendment within one year if the board elects to proceed. Third, it approved a charter amendment to increase authorized common stock from 100,000,000 to 300,000,000 shares, expanding capacity for future financings, equity incentives and transactions, which the company notes could dilute existing holders and may have an anti-takeover effect.

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Mobile Global Esports Inc. entered into two financing arrangements with ClearThink Capital Partners, LLC. The company issued an unsecured original issue discount promissory note with a principal amount of $75,000, receiving net proceeds of $65,000 for working capital. The note bears 10% interest from the issuance date and matures on December 1, 2026.

The note is convertible into common stock after the 180th day or following an event of default at an initial conversion price of $0.06 per share, with provisions that lower or eliminate this fixed price if the stock trades below that level for specified periods during default. Conversions are limited so the investor cannot own more than 9.99% of outstanding shares. The company also agreed to an equity line of credit allowing sales of up to $10,000,000 of common stock, subject to effectiveness of a resale registration statement, and immediately issued 500,000 restricted commitment shares to the investor.

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FAQ

How many Mobile Global Esports (MGAM) SEC filings are available on StockTitan?

StockTitan tracks 14 SEC filings for Mobile Global Esports (MGAM), including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and Form 4 insider trading disclosures. Each filing includes AI-generated summaries, impact scoring, and sentiment analysis.

When was the most recent SEC filing for Mobile Global Esports (MGAM)?

The most recent SEC filing for Mobile Global Esports (MGAM) was filed on May 4, 2026.