Financing ·
Agassi Sports raises $1.825M via equity sale and converts $1M debt to stock
AASPAgassi Sports Entertainment Corp.
On October 16, 2026, Agassi Sports Entertainment Corp. converted a $1,000,000 convertible promissory note held by Investments AKA, LLC into 200,000 shares of common stock and warrants to purchase an additional 200,000 shares. Simultaneously, the company sold 300,000 units to Investments AKA for $1,500,000 in cash, with each unit comprising one share and one warrant exercisable at $7.00 per share. Additionally, two accredited investors purchased 65,000 units for $325,000 on August 31 and September 18, 2026, receiving identical warrants subject to a 4.999% ownership blocker. The total gross proceeds from the cash transactions were $1,825,000 at a price of $5.00 per unit. Following these issuances, the company has 13,711,824 shares outstanding. Agassi Sports Entertainment Corp. operates in the sports entertainment industry.