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[8-K] Apple iSports Group, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Apple iSports Group, Inc. entered into a Loan Agreement with Philbook Pty Ltd on November 1, 2025 for A$350,000 (approximately $227,500 USD) bearing 18% interest per annum.

The loan is payable within two business days after the lender’s written demand, with demand prohibited for the first six months from the loan date. The company received the proceeds on November 4, 2025. The Board of Directors approved and ratified the agreement, which is filed as Exhibit 10.20.

Positive
  • None.
Negative
  • None.

Insights

High-cost bridge financing adds near-term liquidity.

Apple iSports Group secured A$350,000 (about $227,500) of debt at 18% annual interest. The structure is on-demand after a six-month no-demand period, indicating short-term flexibility for the lender and near-term liquidity for the company.

Interest at 18% suggests expensive capital typical of bridge loans. Repayment may be triggered by written demand any time after the initial six months, so cash planning will need to accommodate potential rapid payoff within two business days of demand.

The company received proceeds on November 4, 2025, and the Board ratified the agreement. Actual impact depends on the company’s cash generation and any refinancing options disclosed in subsequent filings.

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) November 1, 2025

 

APPLE iSPORTS GROUP, INC.

(Exact name of registrant as specified in its charter)

 

Nevada

 

000-32389

 

88-0126444

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

100 Spectrum Center, Suite 900 Irvine, California

 

92612

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (949) 247-4210

 

(Former name or former address, if changed since the last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

Item 1.01. Entry of a Material Definitive Agreement.

 

On November 1, 2025, the Company entered into a Loan Agreement with Philbook Pty Ltd, an Australian entity. The loan amount is $350,000 Au Dollars (approximately $227,500 USD) and bears interest at 18% per annum. The loan is due within two (2) business days from written demand by the lender, provided that such demand can not be made prior to six months from the date of the loan. On November 4, 2025, the Company received the loan proceeds.

 

The Company’s Board of Directors approved and ratified the Loan Agreement.

 

The description of the Loan Agreement is not exhaustive and is qualified in its entirety by reference to the agreement which is filed as Exhibits 10.20.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits – The following exhibits are filed as part of this report:

 

Exhibit No.

 

Description of Exhibit

 

 

 

10.20

 

Loan Agreement by and between Philbook Pty Ltd and Apple iSports Group, Inc. dated November 1, 2025.

 104

 

 Cover Page Interactive Data File (embedded within the Inline XBRL document).  

 

 
2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Apple iSports Group, Inc.

(Registrant)

 

 

 

 

Date: November 6, 2025

By:

/s/ Joe Martinez

 

 

Joe Martinez

Chief Executive Officer

 

 

 
3

 

Apple iSports

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