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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): February 17, 2026
AGASSI SPORTS ENTERTAINMENT CORP.
(Exact Name of Registrant as Specified in its Charter)
Nevada |
|
000-24970 |
|
88-0203976 |
(State or Other Jurisdiction of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
1120 N. Town Center Dr #160 Las Vegas, NV |
|
89144 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s telephone number, including area
code: (702) 400-4005
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)) |
Securities registered pursuant to Section
12(b) of the Act: None.
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
7.01 Regulation FD Disclosure.
On February 17, 2026, Agassi Sports Entertainment
Corp. (the “Company” and “we”) released a press release describing the
Company’s plans to launch the World Series of Pickleball, a copy of which press release is furnished herewith as Exhibit
99.1 and is incorporated into this Item 7.01 by
reference.
The information contained in Item
7.01 of this Current Report (and including Exhibit 99.1 hereto)
shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated
by reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in
such a filing.
The press release furnished as Exhibit
99.1 to this Current Report on Form 8-K contains forward-looking
statements within the meaning of the federal securities laws. These statements
are based on the Company’s current expectations and involve known and unknown
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied. Readers are cautioned not to place undue
reliance on any forward-looking statements, which speak only as of the date
made. Factors that could cause actual results to differ materially are
described in the press release and in the Company’s filings with the Securities
and Exchange Commission, including under the headings “Forward-Looking
Statements,” “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in the Company’s
periodic and current reports, including its most recent Forms 10-K and 10-Q,
filed with the SEC and available at http://www.sec.gov./ The Company undertakes no obligation
to publicly update or revise any forward-looking statements, except as required
by law.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
|
Exhibit
Description |
99.1* |
|
Press
release dated February 17, 2026 |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
* Furnished herewith.
SIGNATURES
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.
|
Agassi
Sports Entertainment Corp. |
|
|
|
|
By: |
/s/
Ronald S. Boreta |
Date: February
17, 2026 |
Name: |
Ronald
S. Boreta |
|
Title: |
Chief
Executive Officer |
Agassi Sports Entertainment Announces
Plans to Launch World Series of Pickleball
TEAM Marketing Expected to Lead Event
Operations for Las Vegas Based Global Championship
LAS VEGAS, Feb. 17, 2026 /PRNewswire/ – Agassi Sports
Entertainment Corp. (OTC PINK: AASP) (“ASE” or the “Company”), a
sports entertainment and innovation company focused on racquet sports, today
announced plans to launch the World Series of Pickleball , which is intended to be a new championship
property owned and developed by the Company, together with TEAM Marketing AG (“TEAM”), a Switzerland-based
global leader in the development, sales and delivery of world-class sports
events.
This initiative builds upon the Company’s June 2025
acquisition of the trademark and all rights associated with the name “World
Series of Pickleball,” securing long-term ownership of the brand and
establishing a foundation for the creation of what the Company hopes will
become a scalable sports property headquartered in Las Vegas.
TEAM is widely recognized for helping build and
commercialize the UEFA Champions League, the premier annual European club
soccer competition and one of the most commercially successful sports
properties in the world. Through its involvement in shaping the Champions
League’s commercial model and global presentation, TEAM brings more than three
decades of experience in event architecture, sponsorship strategy, media integration,
and international brand development.
The World Series of Pickleball is planned to be
headquartered and launched in Las Vegas, Nevada, reflecting the city’s position
as a destination for premier sporting and entertainment events. In the spirit
of iconic championship formats that combine competition with spectacle, the
World Series of Pickleball is expected to feature a marquee open, a team-based
championship week welcoming players of all skill levels from around the world,
with substantial prize purses and global celebrity participants, including
involvement from Andre Agassi, alongside everyday competitors and professionals
who choose to enter. The event is expected to bring together competitors from
across the globe, supported by premium production, hospitality programming, and
integrated media distribution which will be designed to deliver a world-class
experience for fans and partners.
“Pickleball is ready for a championship platform that
combines competition, entertainment, and world-class production,” said ASE CEO
Ronald Boreta. “Launching the World Series of Pickleball from Las Vegas
reflects our vision of building a property with durable relevance and long-term
commercial potential. We believe that working with TEAM makes a great deal of
sense for us. They helped take the UEFA Champions
League from its early format to one of the most recognized and commercially successful competitions in sport. That track record gives us confidence in their ability to help us build this planned event into a cornerstone event for players, fans, and brand partners, while creating an inclusive platform where competitors from around the world can participate.”
“Agassi Sports Entertainment has a bold vision for the
future of racquet sports, one that aligns strongly with TEAM’s ambition to lead
the evolution of sport,” said Simon Crouch, CEO TEAM Marketing. “It’s an honor
to join forces with such an iconic name in racquet sports and a world-class
team at Agassi Sports Entertainment. Through the World Series of Pickleball, we
look forward to helping build a championship platform that truly resonates with
fans, partners and the wider sports industry.”
“Pickleball has become a meaningful part of my life as a player,
a fan, and someone who genuinely enjoys the sport,” said Andre Agassi, who is a
significant shareholder of Agassi Sports Entertainment. “I see how accessible
it is, how competitive it can be, and how quickly the community around it is
growing. The World Series of Pickleball will be about giving that
community a global stage, where anyone who steps onto the court has the
opportunity to compete and win.”
The Company intends for the World Series of Pickleball to
serve as a long-term commercial platform encompassing sponsorship, media
rights, ticketing, hospitality, and strategic brand partnerships, and the
Company is currently pursuing relationships with leading hospitality and media
organizations to support distribution, audience growth, and sustained
commercial expansion.
To learn more about Agassi Sports Entertainment and its portfolio
of racquet sports initiatives, visit agassisports.com.
About Agassi Sports Entertainment Corp.
Agassi Sports Entertainment Corp. (OTC PINK: AASP) is a
sports entertainment, content, media, and technology company focused on
developing products, platforms, and experiences across racquet sports. The
Company seeks to collaborate with leading global brands and iconic athletes to
grow participation, engagement, and long-term shareholder value.
Forward-Looking
Statements
This
press release includes “forward-looking statements”, including information
about Agassi Sports Entertainment’s future expectations, plans and prospects.
Words such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue” and similar expressions are intended to
identify such forward-looking statements. These forward-looking statements
involve significant risks and uncertainties that could cause the actual results
to differ materially from the expected results and, consequently, you should
not rely on these forward-looking statements as predictions of future events.
Factors that could cause actual results to differ materially include, without
limitation: (a) the timing, cost, funding availability, anticipated benefits,
and implementation of the Company’s planned digital platform and World Series
of Pickleball event; (b) the Company’s ability to raise sufficient capital,
including to satisfy obligations to third-party service providers, the terms on
which such funding may be available, and potential dilution resulting
therefrom; (c) intense competition in the court sports industry and the
Company’s ability to compete effectively; (d) the Company’s limited operating
history and lack of significant revenues to date, and the risk that it may not
achieve profitability or successfully execute its business plan, including, but
not limited to in connection with the planned World Series of Pickleball event;
(e) the Company’s dependence on its management team and the absence of
employment agreements with key personnel; (f) the Company’s reliance on the
continued involvement, reputation, and brand recognition of Andre Agassi; (g)
the Company’s planned concentration in the pickleball and padel industries; (h)
adverse economic conditions, including inflation and reduced consumer
discretionary spending, which could negatively affect demand, operating
results, financial condition, cash flows, and the Company’s ability to raise capital;
and (i) claims or liabilities arising from the construction or operation of the
Company’s planned facilities or the use of its future premises, equipment, or
services. Additional risks are described in the Company’s filings with the
Securities and Exchange Commission, including its periodic reports, which are
available at www.sec.gov. Forward-looking statements
speak only as of the date made, and the Company undertakes no obligation to
publicly update or revise any forward-looking statement, except as required by
law.
Contact
Ron Boreta, Chief Executive Officer
Agassi Sports Entertainment Corp.
Email: ron@agassisports.com
About TEAM Marketing
Beyond a full-service sports marketing agency, TEAM is a
trusted advisor. For more than 30 years, TEAM helped shape one of sport’s
greatest success stories: building the UEFA Champions League’s commercial model
and creating one of the most iconic and valuable brands in sport. Today, we
bring that same DNA to the global sports industry and apply it to help shape
the next era of sport. Together, we are leading the evolution of sport.
press@team.ch
