Agassi Sports Entertainment Corp.

Agassi Sports Entertainment Corp. (ASE) has launched its global "Let's Play" pickleball and padel platform initiative. The company aims to build a leading worldwide network of clubs through potential acquisitions, strategic partnerships, collaborations, and franchising opportunities. Initial expansion efforts are expected to focus on Germany and Australia, led by tennis legends Stefanie Graf and Darren Cahill, respectively. ASE is currently in early discussions but has not yet entered into any definitive agreements or acquired any facilities.

Agassi Sports Entertainment Corp. filed an S-1 registration statement for the resale of up to 13,981,982 shares of common stock by existing selling shareholders, including shares issuable upon warrant exercise. The company will not receive proceeds from these sales, except from warrant exercises. The filing highlights a working capital deficit of $873,810 as of March 31, 2026, and a need for additional financing to fund operations and meet obligations, including $2.1 million due to IBM for its AI-powered digital platform and app, which is expected to launch in Q4 2026. The company also noted significant risks, including its limited operating history and the unproven nature of its business model.

Agassi Sports Entertainment Corp. secured a $1,000,000 Convertible Promissory Note from Investments AKA, LLC, an entity controlled by Andre Agassi, the company's largest beneficial stockholder. The note carries a 3.96% interest rate and matures on July 27, 2027. It is designed to automatically convert into equity if the company raises at least $3,000,000 in a future equity financing, with the conversion price matching that of new investors. The company intends to use the proceeds for general working capital.

Agassi Sports Entertainment Corp. has filed an updated investor presentation with the SEC. The presentation, attached as Exhibit 99.1, includes forward-looking statements regarding the company's current expectations. This disclosure is made under Regulation FD.

Agassi Sports Entertainment Corp. (AASP) announced a First Amendment to its Registration Rights Agreement, effective June 29, 2026. This amendment extends the deadline for filing a registration statement to register the resale of common stock from July 6, 2026, to July 31, 2026. The original agreement was made with investors from the company's private offering pursuant to Rule 506(b).

Agassi Sports Entertainment Corp. entered into a Name and Likeness License Agreement with AKA Licenses, LLC, granting the company non-exclusive, worldwide rights to use Andre Agassi's name, image, and voice for 15 years, with automatic renewals. This agreement supports the company's goal of becoming a leading media and entertainment company in racket sports. In consideration, Agassi Sports will pay a one-time fee of $250,000. Additionally, the company entered into Lock-Up Agreements with investors from its 2024 private placement, incentivizing them to hold shares until December 15, 2026, by issuing warrants.

Agassi Sports Entertainment Corp. (AASP) has entered into a material definitive agreement, signing a name and likeness license with renowned tennis coach Darren Cahill. The agreement, effective June 4, 2026, grants AASP a non-exclusive, worldwide license to use Cahill's name and likeness in connection with its business, including its 'Darren AI' platform, for which the platform name usage is exclusive. In lieu of royalty fees, Cahill will receive a one-time fee of warrants to purchase 250,000 shares of AASP's common stock. The agreement has an initial term of 15 years with provisions for automatic extensions.

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.

Agassi Sports Entertainment Corp. (AASP) announced it has submitted an application to list its common stock on The Nasdaq Capital Market. The company aims to enhance its visibility among investors, improve public market liquidity, and expand access to institutional capital, with the ultimate goal of increasing shareholder value. If approved, the shares would trade under the new symbol "AASE". The company, which operates as a sports, media, and technology platform in the global racket sports ecosystem, views this as a significant step in its evolution.

Agassi Sports Entertainment Corp. reported a net loss of $2.51 million for the first quarter of 2026, an increase from $1.67 million in the prior year period, with general and administrative expenses also rising significantly. The company's accumulated deficit grew to over $42 million, and stockholders' equity turned into a deficit of $564,237. These factors, along with the need for additional funding, raise substantial doubt about the company's ability to continue as a going concern. Despite the losses, the company raised $650,000 through share issuances and issued over 2.7 million shares from cashless warrant exercises.