Agassi Sports Entertainment Corp. (AASP): Entry into a Material Definitive Agreement
Agassi Sports Entertainment Corp. (AASP) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 ex10-1.htm EX-10.1 Exhibit 10.1 THIS NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS NOTE (THE “ SECURITIES ”) HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AME
How this was made
The 30-second read
Why it matters
The note’s automatic conversion feature links the debt to the next equity financing, creating contingent dilution and potential overhang until the next financing closes.
Market read
This is a capital-structure update that can affect valuation through future dilution risk tied to the next equity financing.
What to watch
Traders should focus on whether the “next equity financing” is imminent and whether the $3M new-money threshold is likely to be met without further down-round risk.
Background
The 8-K reports entry into a material definitive agreement via a convertible promissory note dated with an effective date of July 28, 2026.
Ticker impact
AASP filed an 8-K disclosing a $1.0M convertible promissory note with automatic conversion into equity in the next financing.
Likely modest negative bias until details of the next equity financing and conversion terms become clearer.
The note is small ($1M) but includes automatic conversion upon the next equity financing closing, which can dilute existing holders; the article provides the key conversion trigger and $3M new-money threshold.
Market effects
Convertible debt structures can signal ongoing capital needs for small-cap issuers, potentially affecting how investors price future financings.
None indicated.
None indicated.
Counterpoint
Because the note converts only at the next equity financing’s actual price and is relatively small, near-term dilution impact may be limited if the next round is priced favorably.
Key entities
- issuerAgassi Sports Entertainment Corp.
Borrower of the $1.0M convertible promissory note; subject of the 8-K disclosure.
- lender/holderInvestments AKA, LLC
Holder of the convertible promissory note, eligible to receive converted securities upon the next equity financing.
