Corporate ActionAug 7, 2026, 04:39 PM
Agassi Sports Ratifies Past Corporate Acts Under Nevada Law
AI Summary
Agassi Sports Entertainment Corp. announced the ratification of certain past corporate acts, including stock issuances, a warrant grant, and director appointments, which were collectively termed "Defective Corporate Acts." The company took this action on August 7, 2026, under Nevada Revised Statutes Section 78.0296, due to an inability to locate formal written consents or minutes for these actions. This ratification validates the acts as if they were properly authorized and documented from their original dates, and a Shareholder Letter will be distributed to inform record shareholders.
Key Highlights
- Agassi Sports Entertainment Corp. ratified past "Defective Corporate Acts" on August 7, 2026.
- The ratification was conducted under Nevada Revised Statutes (NRS) Section 78.0296.
- Defective acts include common stock issuances in 2002, 2006, 2008, 2010, 2013, 2016, and 2017.
- A warrant grant to Moneta Advisory Partners, LLC in 2025 was also ratified.
- Director appointments in 2009, 2012, and 2013 were included in the ratification.
- The acts were ratified due to the company's inability to locate formal written consents or minutes.
- The ratification validates these acts as if properly authorized from their original dates.
- A Shareholder Letter will be mailed to record shareholders to notify them of the ratification.
Price Impact
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