Agassi Sports raises $250K in insider share sale
Agassi Sports Entertainment Corp. entered into a private Subscription Agreement with its largest stockholder, Investments AKA, LLC, an entity indirectly controlled by Andre K. Agassi.
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Form Type
8-K
Rhea-AI Filing Summary
Agassi Sports Entertainment Corp. entered into a private Subscription Agreement with its largest stockholder, Investments AKA, LLC, an entity indirectly controlled by Andre K. Agassi. Investments AKA purchased 50,000 shares of restricted common stock at $5.00 per share, providing proceeds of $250,000 to the company.
The transaction was completed as an unregistered offering under Section 4(a)(2) and/or Rule 506 of Regulation D, with Investments AKA qualifying as an accredited investor and receiving access to information similar to a registration statement. No sales commissions were paid in connection with this capital raise.
8-K Event Classification
3 items: 1.01, 3.02, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02
Unregistered Sales of Equity Securities
Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Shares issued: 50,000 shares
Share price: $5.00 per share
Gross proceeds: $250,000
+3 more
6 metrics
Shares issued
50,000 shares
Restricted common stock sold to Investments AKA, LLC
Share price
$5.00 per share
Price for restricted common stock in Subscription Agreement
Gross proceeds
$250,000
Total consideration paid by Investments AKA, LLC
Offering date
April 28, 2026
Date company entered into Subscription Agreement
Registration status
Unregistered under Securities Act
Conducted under Section 4(a)(2) and/or Rule 506 of Regulation D
Sales commissions
$0
No commissions paid on the private placement
Key Terms
Subscription Agreement, restricted common stock, accredited investor, Regulation D, +2 more
6 terms
Subscription Agreement financial
"entered into a Subscription Agreement with Investments AKA, LLC"
A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.
restricted common stock financial
"purchased an aggregate of 50,000 shares of restricted common stock"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
accredited investor financial
"the recipient was an “accredited investor” and had access"
An accredited investor is an individual or entity that meets certain financial criteria, such as having a high income or significant net worth, allowing them to invest in private or less regulated investment opportunities. This status matters because it grants access to investments that are often riskier or less available to the general public, reflecting a higher level of financial knowledge or resources.
Regulation D regulatory
"pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D"
Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.
Section 4(a)(2) regulatory
"pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
unregistered regulatory
"The securities offered have not been registered under the Securities Act"
Unregistered describes a security, product, or offering that has not been filed with or approved by the relevant regulator (for example, the securities regulator or health agency). Think of it like buying a product that has not gone through the usual safety label or warranty checks — information may be limited, legal protections reduced, and resale or trading can be restricted. Investors should view unregistered items as higher risk because they often carry greater uncertainty about disclosure, liquidity, and regulatory compliance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Agassi Sports Entertainment Corp. (AASP) announce in this 8-K?
Agassi Sports Entertainment Corp. disclosed a private placement where Investments AKA, LLC bought 50,000 restricted common shares. The shares were purchased directly from the company at $5.00 per share, resulting in total proceeds of $250,000 under a Subscription Agreement.
Who is Investments AKA, LLC in relation to Agassi Sports Entertainment Corp. (AASP)?
Investments AKA, LLC is indirectly controlled by former professional tennis player Andre K. Agassi and is the company’s largest stockholder. This entity entered into the Subscription Agreement to acquire 50,000 restricted common shares directly from Agassi Sports Entertainment Corp.
How much capital did Agassi Sports Entertainment Corp. (AASP) raise in the private placement?
The company raised $250,000 in gross proceeds. Investments AKA, LLC purchased 50,000 shares of restricted common stock at a price of $5.00 per share, with no sales commissions paid in connection with this unregistered equity issuance.
Were any commissions paid in Agassi Sports Entertainment Corp.’s (AASP) private placement?
No, the company stated that no sales commissions were paid in connection with the sale of these securities. The 50,000 restricted common shares were sold directly to Investments AKA, LLC without intermediary placement fees or commission payments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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