Agassi Sports Entertainment Corp. (AASP) expanded its board to three members and appointed Clive G. Brookes as a director effective October 22, 2026. The board determined that Brookes is independent under Nasdaq Capital Market rules and Exchange Act Rule 10A-3(b)(1). He is the sole current member and chairman of the Compensation, Audit, and Nominating and Corporate Governance committees. The company has no fixed director compensation; Brookes may receive compensation approved by the board and may participate in the company’s equity incentive plans.
On or around October 23, 2026, the company entered into indemnification agreements with each director and officer. The agreements provide for covered expenses and generally require advancement of reasonable expenses within 30 days after a written request that reasonably evidences them, subject to conditions and exclusions. The board also adopted committee charters, a Code of Ethical Business Conduct, an insider trading policy, and an incentive-compensation recovery policy effective October 22, 2026. If the company is required to prepare an accounting restatement, the recovery policy requires recoupment of erroneously awarded incentive compensation received by covered current or former executive officers during the applicable lookback period—generally the three preceding completed fiscal years, with defined transition-period rules—regardless of misconduct.
Agassi Sports Entertainment Corp. (AASP) common stock is the subject of amended beneficial-ownership disclosures by Investments AKA, LLC and related reporting persons, including Andre K. Agassi, a manager of Agassi Ventures, LLC, and Stefanie Graf, a retired professional tennis player. Investments AKA, Agassi Ventures and The Andre Agassi Trust each report beneficial ownership of 2,791,398 shares (19.6%); Agassi reports 3,791,398 shares (24.9%), including 1,000,000 Graf warrant shares and 500,000 Investments AKA warrant shares. Graf reports 1,000,000 shares (6.8%), issuable under her warrants.
Investments AKA converted a $1,000,000 note balance into 200,000 common shares and 200,000 warrants at a $5.00 unit price. Separately, it subscribed for 300,000 units for $1,500,000, also at $5.00 per unit; each unit contains one share and one warrant. Both warrant groups have a $7.00-per-share exercise price, a three-year term and cash-only exercise rights.
Agassi Sports Entertainment Corp. (AASP) reported a note exchange and unit acquisition on October 16, 2026, involving ten percent owner Investments AKA, LLC; Andre K. Agassi is also identified as a ten percent owner. Investments AKA exchanged the $1,000,000 outstanding principal of its convertible note for 200,000 common shares and warrants to purchase 200,000 shares; the note was canceled and accrued unpaid interest was waived. Investments AKA also acquired 300,000 units at $5 per unit, each consisting of one common share and one warrant. The warrants carry a $7 exercise price and expire October 15, 2029. A separate holding entry lists 637,044 shares held by ASI Group, LLC.
Agassi Sports Entertainment Corp. converted a $1,000,000 note held by Investments AKA, LLC into 200,000 shares of common stock and warrants to purchase 200,000 shares, using a $5.00 unit price. The conversion took effect October 16, 2026. The note's stated annual interest rate was 3.96%; the amendment said no interest had accrued by conversion and Investments AKA forgave any accrued amount.
Investments AKA, owned and controlled by Andre Agassi, the company's largest beneficial stockholder, also subscribed for 300,000 units at $5.00 each, totaling $1,500,000; each unit included one common share and one warrant. Two accredited investors purchased an aggregate 65,000 units for $325,000 on August 31 and September 18, 2026. The Note and Subscription Warrants have three-year terms through October 15, 2029, cash-only exercise rights and a $7.00 exercise price. Investor Warrants have an ownership blocker of 4.999%, increasable to 9.999% on 61 days' written notice. After issuance of the Note Shares and Subscription Shares, the company said it will have 13,711,824 common shares issued and outstanding. Shawn Cable is CFO of both Investments AKA and the company.
Agassi Sports Entertainment Corp. (AASP) formed Let’s Play, LLC as a wholly owned subsidiary and named Jonathan Fornaci president. The new facilities division plans to seek a global network of racket-sports facilities and members through acquisitions, collaboration and partnerships. Its four stated pillars are exclusive country master licenses, hotel and resort partnerships, clubs, and a future membership connecting players with participating clubs worldwide. Let’s Play anticipates acquiring existing U.S. pickleball and padel clubs and converting them to its brand.
Fornaci brings more than 25 years of executive leadership across technology and security, franchising, fitness, ecommerce and real estate, and has led multiple merger and acquisition transactions.
Agassi Sports Entertainment Corp. director and ten percent owner James M. Askew reported a bona fide gift transfer of 200,000 common shares on September 23, 2026, at a reported price of $0.00 per share. He directly held 1,597,860 shares after the transaction. No Rule 10b5-1 plan is reported.
Agassi Sports Entertainment Corp. reports updated beneficial ownership, including reporting person Andre K. Agassi’s 3,291,398 shares (23.3%), which includes 1,000,000 shares issuable under Brand Partner Stefanie Graf’s warrants. Investments AKA, LLC reported beneficial ownership of 2,291,398 shares (17.5%), held directly and through its wholly owned ASI Group, LLC. Agassi’s reported total includes those same shares, so the figures are not additive.
The company entered into a $1,000,000 convertible promissory note with Investments AKA on July 28, 2026. The note accrues interest at 3.96% per annum, compounded semi-annually, and automatically converts at the new-money investors’ price in the next financing producing gross proceeds of not less than $3,000,000. If no such financing occurs before July 27, 2027, principal and accrued unpaid interest are due at maturity; the default rate is 10% per annum.
Investments AKA exercised 705,417 warrants cashlessly on February 6, 2026, and received 651,231 shares after 54,186 warrant shares were forfeited to satisfy the exercise price. It also purchased 1,000 shares for $4.50 each on February 24, 2026, and 50,000 restricted shares for $250,000 on April 28, 2026.
Agassi Sports Entertainment Corp. (AASP) has an updated ownership disclosure from director James M. Askew in Amendment No. 3 to his Schedule 13D. Askew now reports beneficial ownership of 1,797,860 shares of common stock, representing 13.7% of the outstanding common stock, based on 13,096,824 shares outstanding as of August 12, 2026.
Effective September 8, 2026, Askew gifted 300,000 shares of common stock to his three adult sons (100,000 shares each) and disclaims beneficial ownership of those gifted shares. He states that his holdings are for investment purposes and that he may buy or sell AASP securities in the future, but he currently has no specific plans for major corporate transactions or governance changes at the company.
Agassi Sports Entertainment Corp. (AASP) reported that director and ten percent owner James M. Askew made a bona fide gift transfer of 300,000 shares of Common Stock on September 8, 2026. The gift was to his three adult sons, and Askew reported 1,797,860 shares held directly afterward.
Agassi Sports Entertainment Corp. (AASP) reported a private offering of equity securities conducted under Regulation D, Rule 506(b), relying on an exemption from Securities Act registration. The first sale occurred on May 22, 2026. The company reports that it has sold $1,245,000 of securities, with a stated $3,755,000 remaining, and notes that the offering has closed. Inte Securities LLC served as placement agent and received warrants to purchase 750 shares of common stock at an exercise price of $5.00 per share with a five‑year term as part of its compensation.