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.
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. 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.
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.
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.
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.
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.
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.
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.