Agassi Sports Entertainment (AASP) awards 1M spouse warrants in brand deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Agassi Sports Entertainment Corp. reported that ten percent owner Andre Agassi, through his spouse, received a grant of warrants for 1,000,000 shares of common stock. The warrants have an exercise price of $5.50 per share and expire on November 22, 2030.
According to the disclosure, half of the warrants became exercisable on November 22, 2025, and the remaining half become exercisable on November 22, 2026. The securities were issued to Agassi’s spouse as consideration for services under a Brand Partner Agreement, and are reported as indirectly owned. The filing also shows indirect holdings of common stock through LLC entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
AGASSI ANDRE K
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Warrant to Purchase Common Stock | 1,000,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Warrant to Purchase Common Stock — 1,000,000 shares (Indirect, By Spouse);
Common Stock — 952,123 shares (Indirect, BY LLC)
Footnotes (1)
- These shares are held directly by Investments AKA, LLC which is managed by Agassi Ventures, LLC which is managed by the Reporting Person. All of the membership interests of Investments AKA, LLC are held by Agassi Ventures, LLC. The Andre Agassi Trust, of which the Reporting Person is the Trustee, holds all of the membership interests of Agassi Ventures, LLC. These shares are held directly by ASI Group, LLC which is managed by AKA Four, LLC which is managed by Agassi Ventures, LLC which is managed by the Reporting Person. Investments AKA, LLC owns 100% of ASI Group, LLC. Half of the warrants were exercisable immediately upon grant on November 22, 2025, and the other half of the warrants become exercisable on November 22, 2026. Issued in consideration for services rendered and to be rendered pursuant to the terms of a Brand Partner Agreement entered into between the Issuer and the spouse of the Reporting Person. The reported securities are directly held by the Reporting Person's spouse.
Key Figures
Warrant grant size: 1,000,000 warrants
Exercise price: $5.50 per share
Warrant expiration: November 22, 2030
+4 more
7 metrics
Warrant grant size
1,000,000 warrants
Grant to spouse reported as indirect interest
Exercise price
$5.50 per share
Exercise price of warrants for common stock
Warrant expiration
November 22, 2030
Final expiration date of reported warrants
Initial exercisable portion
50% of warrants
Exercisable on November 22, 2025
Later exercisable portion
50% of warrants
Becomes exercisable on November 22, 2026
Indirect holding via Investments AKA, LLC
952,123 shares
Common stock held through LLC structure
Indirect holding via ASI Group, LLC
637,044 shares
Common stock held through LLC structure
Key Terms
Warrant to Purchase Common Stock, Brand Partner Agreement, ten percent owner, indirect ownership, +1 more
5 terms
Warrant to Purchase Common Stock financial
"security_title: "Warrant to Purchase Common Stock""
Brand Partner Agreement financial
"services rendered and to be rendered pursuant to the terms of a Brand Partner Agreement"
ten percent owner financial
"the Reporting Person is a ten percent owner of the issuer"
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "By Spouse""
warrants become exercisable financial
"the other half of the warrants become exercisable on November 22, 2026"
FAQ
What did Andre Agassi report in this Form 4 for AASP?
Andre Agassi reported an indirect acquisition of warrants for 1,000,000 Agassi Sports Entertainment Corp. shares. These derivative securities are held by his spouse and give the right to buy common stock at a fixed exercise price under specified terms.
What are the key terms of the 1,000,000 AASP warrants reported?
The Form 4 shows 1,000,000 warrants with an exercise price of $5.50 per share, expiring on November 22, 2030. Half were exercisable immediately on November 22, 2025, and the remaining half become exercisable on November 22, 2026, subject to their terms.
Who directly holds the AASP warrants disclosed for Andre Agassi?
The filing states the reported securities are directly held by Andre Agassi’s spouse. Agassi reports them as an indirect interest, reflecting his relationship to the holder rather than direct personal ownership of the warrants or underlying common shares.
Why were the AASP warrants granted to Andre Agassi’s spouse?
According to the disclosure, the warrants were issued as consideration for services rendered and to be rendered under a Brand Partner Agreement between Agassi Sports Entertainment Corp. and Agassi’s spouse, aligning compensation with the company’s equity.
What indirect AASP common stock holdings are shown for Andre Agassi?
The Form 4 lists indirect holdings of 952,123 shares and 637,044 shares of common stock through LLC entities. These positions are held via Investments AKA, LLC and ASI Group, LLC structures managed through Agassi-related entities, as described in the footnotes.