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Mobile Global Esports, Inc SEC Filings

MGAM OTC

Welcome to our dedicated page for Mobile Global Esports SEC filings (Ticker: MGAM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The Mobile Global Esports Inc. (MGAM) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, along with AI-powered tools to help interpret key documents. MGAM identifies itself as an emerging growth company and a Delaware corporation, with its common stock quoted on the OTC Pink Sheets. Its filings offer insight into how the company structures financings, manages its capital base, and documents material corporate events related to its technology and IP-focused business.

Among the notable filings are several Form 8-K current reports. These include disclosures about convertible promissory notes issued to investors, detailing interest rates, maturity dates, conversion price formulas based on market price, and prepayment terms. Another 8-K describes an equity line of credit agreement that contemplates the potential sale of common stock up to a specified commitment amount, together with a registration rights agreement for the resale of those shares. These documents are relevant for understanding potential dilution, funding sources, and covenant structures.

MGAM has also filed an 8-K reporting a Certificate of Amendment to its Certificate of Incorporation with the State of Delaware, increasing the number of authorized shares of common stock following stockholder approval by written consent. Additional 8-K filings cover an asset purchase agreement with Reality Sports Online, Inc. for the acquisition of technology, intellectual property, and related assets, outlining consideration, indemnification obligations, and closing conditions.

On this page, Stock Titan surfaces MGAM’s 8-Ks and other SEC submissions as they are posted to EDGAR and applies AI-driven summaries to highlight the main terms, triggers, and implications. Users can quickly scan material agreements, capital structure changes, and acquisition-related disclosures, and then drill into the full text for deeper analysis. This makes it easier to track how MGAM reports its financing arrangements, share authorization changes, and significant corporate transactions over time.

Rhea-AI Summary

Mobile Global Esports Inc. has filed an S-1 to register up to 100,000,000 shares of common stock for resale by ClearThink Capital Partners under a committed equity line of credit of up to $10,000,000. The company will sell shares to ClearThink at 85% of the lowest daily closing price during a valuation period, then ClearThink may resell those shares to the public.

The company is not selling shares directly in this prospectus and will not receive proceeds from ClearThink’s resales, only from its own sales to ClearThink. Shares outstanding were 60,640,074 as of February 11, 2026, and authorized common stock was increased to 300,000,000, highlighting potential dilution. As of September 30, 2025, cash was about $810,000, and management states it will need additional financing.

Recent steps include a $75,000 original-issue-discount promissory note (10% interest, net proceeds $65,000) convertible at an initial price of $0.06 per share, and the acquisition of fantasy-sports platform Reality Sports Online. The filing details significant business and financing risks, including dependence on new fantasy technology, user growth, and access to capital.

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Mobile Global Esports Inc. increased the number of authorized shares of its common stock from 100,000,000 to 300,000,000 through a Certificate of Amendment to its Delaware certificate of incorporation dated January 12, 2026. The amendment was previously approved by stockholders by written consent on December 5, 2025, as described in the company’s Schedule 14C information statement. This change expands the total number of shares the company is permitted to issue in the future under its charter.

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Mobile Global Esports Inc. has obtained majority stockholder written consent to approve three major corporate actions without holding a meeting. First, the company adopted a 2025 Omnibus Equity Incentive Plan reserving 13,422,000 shares of common stock for future equity awards, which the board estimates to be about 25% of the 53,690,074 shares outstanding as of the record date. Second, it authorized a reverse stock split of the outstanding common stock at a ratio to be set by the board between 1-for-2 and 1-for-75, to be implemented by charter amendment within one year if the board elects to proceed. Third, it approved a charter amendment to increase authorized common stock from 100,000,000 to 300,000,000 shares, expanding capacity for future financings, equity incentives and transactions, which the company notes could dilute existing holders and may have an anti-takeover effect.

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Mobile Global Esports Inc. entered into two financing arrangements with ClearThink Capital Partners, LLC. The company issued an unsecured original issue discount promissory note with a principal amount of $75,000, receiving net proceeds of $65,000 for working capital. The note bears 10% interest from the issuance date and matures on December 1, 2026.

The note is convertible into common stock after the 180th day or following an event of default at an initial conversion price of $0.06 per share, with provisions that lower or eliminate this fixed price if the stock trades below that level for specified periods during default. Conversions are limited so the investor cannot own more than 9.99% of outstanding shares. The company also agreed to an equity line of credit allowing sales of up to $10,000,000 of common stock, subject to effectiveness of a resale registration statement, and immediately issued 500,000 restricted commitment shares to the investor.

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Mobile Global Esports Inc. (MGAM) reported Q3 2025 results marked by minimal revenue and continued losses while pivoting toward fantasy sports platforms. Net loss was $948,472 for the quarter and $1,781,366 for the nine months. Selling, general and administrative expenses rose to $858,079 in Q3 (up 112% year over year), reflecting higher consulting spend. Cash was $810,081 as of September 30, 2025.

The company raised funds via debt: $551,500 in convertible notes (fair value $579,745 at quarter‑end) and $125,000 in notes payable, and issued equity for services. Management disclosed substantial doubt about the company’s ability to continue as a going concern without additional capital. MGAM discontinued its India subsidiary to focus on its Dominus Sports beta and recognized a smaller discontinued operations loss year over year.

Subsequent to quarter‑end, MGAM agreed to acquire Reality Sports Online for $205,000 plus 5,300,000 shares, closing in November 2025. Shares outstanding were 53,690,074 as of November 12, 2025.

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Mobile Global Esports (MGAM) entered an asset purchase agreement with Reality Sports Online on October 17, 2025. The company will acquire a technology platform, intellectual property, and related assets for $205,000 in cash and 5,300,000 shares of common stock. Closing is subject to specified conditions in the agreement.

The seller agreed to customary representations, warranties, and indemnification, including coverage for certain third‑party claims, subject to an Indemnification Deductible and Liability Cap. The share issuance was made in reliance on Section 4(a)(2) of the Securities Act. MGAM’s common stock is quoted on the OTC Pink Sheets under the symbol MGAM.

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Mobile Global Esports Inc. entered into a material financing agreement by issuing a convertible promissory note with an aggregate principal amount of $150,000, including $15,000 of original issue discount, to an investor. The note bears 6% annual interest and matures on September 15, 2026.

Beginning six months after issuance, the investor may convert the note into common stock at a price equal to 65% of the market price, defined as the lowest trading price over the 15 trading days before conversion. The company may prepay the note at escalating premiums ranging from 110% of principal shortly after issuance up to 140% if prepaid between 150 and 180 days after issuance.

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FAQ

What is the current stock price of Mobile Global Esports (MGAM)?

The current stock price of Mobile Global Esports (MGAM) is $0.0826 as of February 13, 2026.

What is the market cap of Mobile Global Esports (MGAM)?

The market cap of Mobile Global Esports (MGAM) is approximately 862.2K.
Mobile Global Esports, Inc

OTC:MGAM

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MGAM Stock Data

862.20k
32.67M
18.76%
3.97%
0.73%
Electronic Gaming & Multimedia
Services-amusement & Recreation Services
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United States
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