DealsJun 5, 2026, 04:37 PM
Agassi Sports Entertainment Corp. Raises $1.175M in Private Placement
AI Summary
Agassi Sports Entertainment Corp. (AASP) announced the completion of a private placement, selling 235,000 shares of restricted common stock to accredited investors for $5.00 per share, raising a total of $1.175 million. The company also entered into a Registration Rights Agreement, obligating it to file a resale registration statement for these shares. Additionally, AASP granted warrants to purchase 100,000 shares to its outside legal counsel in consideration for services.
Key Highlights
- Agassi Sports Entertainment Corp. sold 235,000 shares of restricted common stock for $5.00 per share, totaling $1.175 million.
- The company entered into Subscription Agreements with accredited investors on May 22, June 1, 2, and 4, 2026.
- A Registration Rights Agreement was signed on June 1, 2026, requiring the company to file a resale registration statement.
- Failure to file the registration statement by the deadline may result in liquidated damages in the form of additional shares.
- The company granted warrants to purchase 100,000 shares at $5.00 per share to its outside legal counsel for services rendered.
Price Impact
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