Announcement • Dec 03
Mobile Global Esports Inc. announced that it expects to receive $10.065 million in funding from ClearThink Capital Partners, LLC Mobile Global Esports Inc. announced that it has entered into a Securities Purchase Agreement pursuant to which the company issued unsecured convertible promissory note due December 1, 2026 in the principal amount of $75,000 for gross proceeds of $65,000 on December 1, 2025. The transaction includes participation from ClearThink Capital Partners, LLC. The company issued the promissory note at original issue discount of 13.3 %. The Promissory Note carries an interest rate of 10%, which shall be applied to the principal on the issuance date of the Promissory Note, and is payable on the maturity date of December 1, 2026. Promissory Note is convertible into common stock of the Company at any time after the 180 th daily anniversary of the Promissory Note or at any time following an event of default. The conversion price shall be $0.06 per share (the “Fixed Price”), however, if 6 months after the date of issuance the Company’s common stock trades below $0.06 for more than 5 consecutive trading days, then the Fixed Price shall be lowered to the lowest traded price during the default period. In the event that the Company’s common stock trades below such adjusted price per share for more than 5 consecutive trading days, then the Fixed Price shall be eliminated and the conversion price shall reset to the lowest traded price throughout the period of default and shall be re-adjusted every 21 days that the Promissory Note remains in default. The Promissory Note was and shall be issued in a private placement in reliance upon an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933. The Promissory Note provides for standard and customary events of default such as failing to timely make payments under the Promissory Note when due, the failure of the Company to timely comply with the Securities Exchange Act of 1934 reporting requirements and the failure to maintain a listing on the OTC Markets. The Promissory Note also contains customary covenants. At no time may the Promissory Note be converted into shares of the Company’s common stock if such conversion would result in the Investor, or its affiliates owning an aggregate of more than 9.99% of the then outstanding shares of the Company’s common stock.
On the same day, the company entered into an Equity Line of Credit Agreement with CLEARTHINK CAPITAL PARTNERS , LLC pursuant to which the company will issue common shares of he company for aggregate gross proceeds of $10,000,000. Announcement • Nov 15
Mobile Global Esports Inc. (OTCPK:MGAM) completed the acquisition of asset purchase agreement to acquire Substantially all assets from Reality Sports Online, Inc. Mobile Global Esports Inc. (OTCPK:MGAM) entered into a definitive asset purchase agreement to acquire Substantially all assets from Reality Sports Online, Inc. for $0.9 million on October 17, 2025. In consideration for the Purchased Assets, the Company has agreed to pay $205,000 to the Seller and issue to the Seller, 5,300,000 shares of its common stock, par value $0.0001 per share (the “Shares”). The Agreement contains certain representations, warranties and covenants of the parties that are customary for agreements of its type. In addition, the Seller has agreed to indemnify the Company for any inaccuracy in or breach of the Agreement, any unpaid indebtedness or transaction expenses of the Seller at or prior to closing, and certain third-party claims, in each case subject to the Indemnification Deductible and Liability Cap (as defined in the Agreement). Upon completion, MGAM will assume ownership of RSO's technology, intellectual property, and operating platform. At the same time, the RSO founding team will continue collaborating with MGAM on product expansion and new feature development.
The transaction is expected to close on or about the first week of November 2025, subject to customary closing conditions.
Robert Tweel of Jackson Kelly PLLC acted as legal advisor to Reality Sports Online, Inc. Jeffrey J. Fessler of Sheppard, Mullin, Richter & Hampton LLP acted as legal advisor to Mobile Global Esports Inc.
Mobile Global Esports Inc. (OTCPK:MGAM) completed the acquisition of asset purchase agreement to acquire Substantially all assets from Reality Sports Online, Inc. on November 14, 2025. Announcement • Sep 10
Mobile Global Esports Inc. announced that it has received $0.15 million in funding On September 9, 2025, Mobile Global Esports Inc. closed the transaction. The raised the proceeds $15,000 pursuant to Regulation D from single investor. 
