Mobile Global Esports Inc. filings document an OTC Pink emerging growth company with common stock trading under MGAM and a technology platform business built around AI, gaming, sports, and entertainment intellectual property. Its regulatory record includes current reports for material definitive agreements, convertible promissory notes, working-capital financing, officer appointments and departures, and amendments to its certificate of incorporation affecting authorized common stock.
Registration and current-report filings also describe securities offerings, common-stock issuance terms, smaller reporting company and emerging growth company status, governance approvals, risk-factor and capital-structure disclosures, and material agreements connected to the company’s platform assets and operations.
Mobile Global Esports, Inc. (MGAM) reported $15,557 of revenue and a $526,011 net loss for the three months ended June 30, 2026, compared with no revenue and a $449,198 net loss in 2025. For the six months, revenue was $21,877 and net loss was $1,300,362, versus a $832,894 net loss a year earlier.
Cash was $19,936 as of June 30, 2026, and operating activities used $680,882 during the six months. Management said the company will need to raise additional capital to continue operating for the next 12 months from the date of issuance; these conditions raise substantial doubt about its ability to continue as a going concern.
Under a standby equity purchase agreement, MGAM may sell up to $10 million of common stock. In April 2026, it issued 2,500,000 shares under the agreement for $25,000 in cash proceeds. During the quarter, a holder converted approximately $85,000 of principal and $3,000 of accrued interest under September Convertible Note A into 40,659,249 shares; the Q2 2026 Convertible Note holder converted approximately $18,000 of principal into 8,500,000 shares.
Mobile Global Esports Inc. reported very early-stage revenue and ongoing heavy losses for the quarter ended March 31, 2026. Revenue was only $6,320, while cost of revenue reached $103,468, resulting in a gross loss.
Selling, general and administrative expenses were $628,439, leading to a net loss of $774,351, compared with $383,696 a year earlier. Cash declined to about $185,000 with total assets of $1.32M and current liabilities of $1.30M, including $920,000 of convertible notes measured at fair value.
The company is pivoting away from its Indian esports operations, which are now discontinued, to focus on its Dominus Sports fantasy baseball platform and the acquired Reality Sports Online football platform. Management states that limited cash, continued losses and the need for fresh capital over the next 12 months raise substantial doubt about the ability to continue as a going concern.
Mobile Global Esports, Inc. director and Chief Executive Officer Brett Rosin reported several equity compensation awards. On March 13, 2026, he received stock options for 2,250,000 shares of common stock with an exercise price of $0.07 per share, expiring in 2036. Earlier, he was granted 5,000,000 shares of common stock on December 12, 2024 and an additional 1,000,000 shares on February 20, 2025, both at no purchase price as awards. Following the February 2025 grant, his direct common stock holdings were 6,000,000 shares, and he held 2,250,000 stock options after the March 2026 option grant.
Mobile Global Esports, Inc. director and Chief Executive Officer Brett Rosin has filed an initial Form 3 as a reporting person for the company’s securities. This filing is a baseline disclosure of his status as an insider and, in this excerpt, does not list any specific share holdings or transactions.
Mobile Global Esports Inc. entered into a Securities Purchase Agreement with an investor on May 1, 2026, under which it issued a convertible promissory note with an aggregate principal amount of $130,000, including $13,000 of original issue discount.
The Note bears interest at 6% per annum and matures on April 28, 2027. Beginning six months after issuance, it is convertible 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 increasing premiums ranging from 110% to 140% of the principal depending on when prepayment occurs within the first 180 days after issuance.
Mobile Global Esports Inc. appointed Rodney Lewis as Chief Financial Officer, effective April 23, 2026, under a Contractor’s Agreement with an indefinite term terminable on at least 14 days’ written notice. Mr. Lewis is a Certified Public Accountant with over 20 years of financial management and accounting experience.
Under the Agreement, he will receive an option to purchase 1,500,000 shares of common stock at an exercise price of $0.017, may participate in company benefit plans, and will be reimbursed for professional fees and reasonable business expenses. The Agreement includes indemnification, confidentiality, and non-disclosure provisions and is governed by Connecticut law.
The company discloses that Mr. Lewis is the first cousin of Chairman Marco Welch, but states there are no related party transactions involving Mr. Lewis that are reportable under Item 404(a) of Regulation S-K.
Mobile Global Esports Inc. reported a leadership change in its finance function. On April 9, 2026, Mark Keeley resigned from his role as Chief Financial Officer Consultant. Chief Executive Officer Brett Rosin will serve as the company’s principal accounting officer on an interim basis until a new Chief Financial Officer is hired.
Mobile Global Esports Inc. reports a small start to revenue and continued heavy losses for 2025, alongside substantial doubt about its ability to continue as a going concern. The company generated about $3,700 of revenue from a beta fantasy baseball league while focusing on developing its Dominus scoring engine and PUHZL personalization platform.
Selling, general and administrative expenses were about $2.16 million, driving a loss from continuing operations of roughly $2.13 million and a total net loss of about $2.26 million. Cash and restricted cash fell to about $573,000, with an accumulated deficit of roughly $12.9 million.
The company exited its India esports subsidiary, recording a smaller loss from discontinued operations, and relied on multiple promissory and convertible notes plus equity issuances to raise over $1.1 million of financing cash in 2025. Management explicitly states that additional capital will be needed to fund operations for at least the next 12 months, and auditors highlight going concern risk. Significant equity issuances to consultants and investors, along with new equity incentive capacity, point to ongoing dilution risk for existing shareholders.
Mobile Global Esports, Inc. registers for resale up to 100,000,000 shares of its common stock by ClearThink Capital Partners, LLC on a resale basis pursuant to an equity line Purchase Agreement dated December 1, 2025.
The registration covers resale only; the Company will not receive proceeds from resales. The prospectus also describes an equity line commitment of up to $10,000,000 in aggregate gross proceeds from sales to the Selling Stockholder and notes 60,640,074 shares outstanding as of February 11, 2026.