Agassi Sports Entertainment Corp. insider James M. Askew has updated his ownership disclosure after exercising warrants. Askew, an entrepreneur and board member, now beneficially owns 2,097,860 shares of common stock, representing 17.7% of the company’s common stock.
The filing explains that on July 3, 2024, the company granted Askew warrants to purchase up to 2,269,583 shares at an exercise price of $0.397 per share, expiring July 3, 2029, as consideration under a consulting agreement. On February 4, 2026, he exercised these warrants in full on a cashless basis, receiving 2,097,740 net shares after forfeiting 171,843 warrant shares to cover the aggregate exercise price.
The 17.7% ownership figure is based on 11,882,796 shares outstanding as of February 4, 2026, which includes 9,785,056 shares previously reported outstanding plus the 2,097,740 shares issuable from the exercised warrants. Askew states he holds the securities for investment purposes and, aside from potential future purchases or sales, currently has no specific plans for major corporate changes at the company.
Agassi Sports Entertainment Corp. reported two equity warrant transactions with no cash changing hands. The company granted a consultant warrants to buy up to 200,000 common shares at $5.00 per share, with a three-year term and cashless exercise rights; half are exercisable immediately and half after one year. These warrants were issued in a private placement to an accredited investor under Securities Act exemptions.
Separately, director James Askew exercised warrants for 2,269,583 shares at $0.397 per share on a cashless basis. He received 2,097,740 common shares, with 171,843 warrant shares forfeited to cover the exercise price, relying on an exchange exemption under Section 3(a)(9) of the Securities Act.
Agassi Sports Entertainment Corp. reported that President, CEO, Treasurer and 10% owner Ronald S. Boreta, through the Ron Boreta Trust, purchased 1,000 shares of common stock at $5 per share on February 3, 2026.
After this transaction, 1,000 shares were held indirectly by the Ron Boreta Trust, 602,229 shares were held directly, 1,495,390 shares were held indirectly through All-American Golf Center, Inc., and 360,784 shares were held indirectly through Boreta Enterprises, Ltd., as reported in the filing.
Agassi Sports Entertainment Corp. entered into an Embedded Solution Agreement with International Business Machines Corporation for cloud services to support an AI-powered self-improvement app for tennis and pickleball players. The Company committed to a non-refundable minimum of $500,000 for cloud services from February 1, 2026 to January 31, 2027.
It also committed to an additional $3,300,000 for the period from February 1, 2027 to January 31, 2031, which becomes non-refundable unless terminated by written notice on or before December 31, 2026. The agreement runs one year initially and automatically renews for four years on these terms unless the Company opts out by that date. A related attachment provides up to $250,000 in cloud credits for development and testing, subject to conditions and possible termination.
Agassi Sports Entertainment Corp. filed a current report to furnish an updated investor presentation under Regulation FD. The presentation, dated January 2026 and attached as Exhibit 99.1, provides information on the company’s business and outlook but is furnished rather than filed for liability purposes.
The company emphasizes that the presentation contains forward-looking statements subject to significant risks and uncertainties, and directs readers to its Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 for additional risk and financial details.
Agassi Sports Entertainment Corp. insider activity: Chief Financial Officer Shawn Corey Cable reported open-market purchases of the company’s common stock. On January 26, 2026, he bought 500 shares, followed by another 500 shares on January 27, 2026, both at a weighted average price of $5.35 per share.
After these transactions, Cable directly beneficially owns 1,000 shares of Agassi Sports Entertainment Corp. common stock. The filing notes that the January 26 trade was executed in multiple lots between $5.34 and $5.35, with $5.35 reported as the weighted average purchase price.
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.
Agassi Sports Entertainment Corp. (AASP) filed its Q3 2025 report, showing no revenue and a larger loss as it ramps up a new sports media strategy. Net loss was $755,899 for the quarter and $2,757,059 year‑to‑date. Operating expenses reached $755,899 in Q3. Cash was $515,624, with a working capital surplus of $1,249,330 as of September 30, 2025.
Management disclosed “substantial doubt” about continuing as a going concern given the accumulated deficit of $32,895,627 and planned spending needs. The company exited shell status after acquiring the “World Series of Pickleball” trademark for $25,000 plus warrants valued at $283,287, and recorded an intangible carrying value of $301,436.
Subsequent to quarter‑end, AASP signed IBM agreements to build a website, mobile app, e‑commerce, and an AI video analysis model for $2,134,716 payable between November 2025 and June 2026, alongside a longer‑term commitment framework. 9,785,056 common shares were outstanding as of November 4, 2025. Disclosure controls were deemed not effective due to limited personnel.
Agassi Sports Entertainment Corp. signed a Services and Commitment Agreement with IBM Norge AS. The initial statement of work covers building a website, mobile app, e‑commerce, and an A.I.-powered video analysis model for racquet sports for $2,134,716, with monthly installments between November 2025 and June 2026. Scheduled payments include $100,000 for each of November and December 2025 and January and February 2026, $204,387 before February 28, 2026, $613,161 before March 20, 2026, and $229,292 for each of March through June 2026, plus reimbursable travel and related expenses.
Under a separate Commitment Agreement, once the mobile app launches, the company will purchase additional IBM Consulting services during a period beginning on or before June 30, 2026 and ending on October 31, 2030. IBM will receive a 2%–2.5% performance bonus on the company’s net revenue derived from its agreements with IBM, minus IBM’s costs. IBM will provide $2,953,000 in investments via in‑kind value and reduced rates; this is not cash and involves no equity. The A.I. model will be owned by the company. Either agreement may be terminated for convenience with three months’ notice, but not before the six‑month anniversary; a fee applies if the Commitment Agreement is terminated for convenience.
Agassi Sports Entertainment Corp. furnished an updated corporate presentation as an exhibit to a current report. The presentation, dated October 2025, is provided under Regulation FD to share information with investors and the public on an equal-access basis. It is furnished, not filed, which means it is not automatically subject to certain liability provisions or incorporated into other securities filings unless specifically referenced. The company also emphasizes that the presentation contains forward-looking statements that are subject to risks and uncertainties described in its recent Form 10-Q for the quarter ended June 30, 2025 and Form 10-K for the year ended December 31, 2024.