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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 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 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.
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 |