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[8-K] Agassi Sports Entertainment Corp. Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Agassi Sports Entertainment Corp. (AASP) entered into a five-year Brand Partner Agreement with tennis legend Stefanie Graf, under which she will act as an advisor, spokesperson, celebrity endorser and brand partner, and has licensed her name, image and likeness for the company’s worldwide marketing, subject to her approval of specific uses. As compensation, the company granted Ms. Graf warrants to purchase 1,000,000 shares of common stock at an exercise price of $5.50 per share, with a five-year term. The warrants vested immediately, are exercisable for half of the shares right away and for the remaining half one year after the grant date, and may be exercised for cash or on a cashless basis. The company relied on a private offering exemption under Section 4(a)(2) and/or Rule 506 of the Securities Act, and notes that if the warrants are fully exercised, a maximum of 1,000,000 shares of common stock would be issuable.

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Insights

AASP adds Stefanie Graf as brand partner and grants 1M warrants.

Agassi Sports Entertainment Corp. has structured the Stefanie Graf relationship as a long-term, five-year brand partnership tied partly to equity incentives. The agreement positions Ms. Graf as an advisor, spokesperson and endorser, with her name and likeness licensed for worldwide marketing, while preserving her approval rights over specific uses.

The compensation is entirely in equity-linked form via warrants to buy 1,000,000 shares at $5.50 per share, expiring after five years. Half of these warrants are immediately exercisable and the other half become exercisable one year after the grant date, which staggers potential share issuance over time.

The warrants were issued in a private transaction under Section 4(a)(2) and/or Rule 506, with transfer restrictions and legends noted. Any actual share issuance will depend on Ms. Graf’s decision to exercise; if fully exercised, up to 1,000,000 new shares of common stock would be issued. Subsequent company filings may provide more detail on the strategic impact of the partnership.

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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): November 22, 2025

 

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 VegasNV

 

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 1.01               Entry into a Material Definitive Agreement.

 

Brand Partner Agreement

 

On November 22, 2025, Agassi Sports Entertainment Corp. (the “Company,” “us,” “we,” or “our”), entered into Brand Partner Agreement with Stefanie Graf (the “Brand Partner Agreement”), pursuant to which Ms. Graf (a “Brand Partner”) has agreed to serve as a Company advisor, spokesperson, celebrity endorser and brand partner.  Pursuant to the Brand Partner Agreement, the Brand Partner will (i) participate in certain Company projects and initiatives, subject to agreement as to scope and compensation in each instance; (ii) promote the Company’s brand and content through public appearances, interviews, and social media activity, subject to mutual agreement as to each social media post; and (iii) provide advice and consultation upon Company request with respect to the Company’s brand and content.  The Brand Partner has also licensed her image, name and likeness to the Company for use in our public relations, advertising and marketing, on a worldwide basis, subject to the Brand Partner’s right to disapprove of any particular use. The Brand Partner Agreement has a five-year term, subject to extension by mutual agreement.

 

In consideration for her services under the Brand Partner Agreement, we granted Ms. Graf warrants to purchase 1,000,000 shares of the Company’s common stock at an exercise price of $5.50 per share (the “Graf Warrants”).  The Graf Warrants vested immediately and have a five-year term.  The Graf Warrants are exercisable as to one half of the shares of common stock immediately, and exercisable as to the remaining half of the shares of common stock one year following the grant date.  The Graf Warrants may be exercised either by cash payment or via cashless exercise based on a formula set forth in the Graf Warrants.

 

The Brand Partner Agreement may be terminated by either party at any time, with or without cause, upon written notice. The Brand Partner Agreement includes customary representations of the parties and confidentiality provisions. The Company may assign its rights under the Brand Partner Agreement to an affiliate or in connection with the bona fide sale of the Company’s business, whether by way of sale, merger or acquisition, but the Brand Partner Agreement is otherwise non-assignable.                  

 

The foregoing description of the Brand Partner Agreement and Graf Warrants does not purport to be complete and is qualified in its entirety by reference to the full text of the Brand Partner Agreement and Graf Warrants filed with this Current Report on Form 8-K as Exhibits 10.1, and 4.1, respectively, and incorporated herein by reference.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

The information contained in Item 1.01, above is hereby incorporated by reference into this Item 3.02 in its entirety.

 

The Company claims an exemption from registration pursuant to Section 4(a)(2) and/or Rule 506 of the Securities Act of 1933, as amended (the “Securities Act”), for the grant of the Graf Warrants since the foregoing grant did not involve a public offering, the recipient was an “accredited investor” and took the securities for investment and not resale, and we took appropriate measures to restrict transfer. The securities are subject to transfer restrictions, and the securities contain an appropriate legend stating that such securities have not been registered under the Securities Act and may not be offered or sold absent registration or pursuant to an exemption therefrom.

 

If exercised in full, a maximum of 1,000,000 shares of common stock would be issuable upon exercise of the Graf Warrants.

 

  

Item 7.01 Regulation FD Disclosure

 

On November 25, 2025, the Company issued a press release announcing the entry into the Brand Agreement, a copy of which press release is furnished herewith as Exhibit 99.1 and is incorporated into this Item 7.01 by reference.

 

In accordance with General Instruction B.2 of Form 8-K, the information under this item and Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by specific reference in such a filing. This report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit No.

 

Exhibit Description

4.1*

 

Common Stock Purchase Warrant dated November 24, 2025, granted by Agassi Sports Entertainment Corp. to Stefanie Graf

10.1*

 

Brand Partner Agreement dated November 22, 2025, by and between Agassi Sports Entertainment Corp. and Stefanie Graf

99.1**

 

Press Release dated November 25, 2025

104

 

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

 

* Filed herewith.

** 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: November 25, 2025

Name:

Ronald S. Boreta

 

Title:

Chief Executive Officer

 


FAQ

What did Agassi Sports Entertainment Corp. (AASP) announce in this 8-K?

The company announced a five-year Brand Partner Agreement with Stefanie Graf, under which she will serve as an advisor, spokesperson, celebrity endorser and brand partner, and has licensed her name, image and likeness for the company’s worldwide marketing efforts.

How is Stefanie Graf being compensated by Agassi Sports Entertainment Corp. (AASP)?

As consideration for her services, Stefanie Graf received warrants to purchase 1,000,000 shares of Agassi Sports Entertainment Corp.’s common stock at an exercise price of $5.50 per share, with a five-year term.

When do Stefanie Graf’s AASP warrants vest and become exercisable?

The Graf Warrants vested immediately. They are exercisable for one half of the shares immediately, and for the remaining half one year after the grant date.

How can Stefanie Graf exercise her warrants in Agassi Sports Entertainment Corp.?

The Graf Warrants may be exercised either by cash payment or through a cashless exercise mechanism based on a formula specified in the warrant agreement.

How many AASP shares could be issued if the Graf Warrants are fully exercised?

If the warrants are exercised in full, a maximum of 1,000,000 shares of common stock of Agassi Sports Entertainment Corp. would be issuable.

What securities law exemption did AASP rely on for issuing the Graf Warrants?

Agassi Sports Entertainment Corp. states that it relied on an exemption from registration under Section 4(a)(2) and/or Rule 506 of the Securities Act, noting that the grant did not involve a public offering and that the recipient was an accredited investor who took the securities for investment.

Can the Brand Partner Agreement between AASP and Stefanie Graf be terminated?

Yes. The Brand Partner Agreement may be terminated by either party at any time, with or without cause, upon written notice, and is otherwise non-assignable except that the company may assign it to an affiliate or in connection with a bona fide sale of its business.
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