Summary by Futu AI
Esports Entertainment Group, Inc. (Esports Entertainment Group) has entered into a material definitive agreement with its Chief Financial Officer, who is an accredited investor, to issue and sell 100 shares of newly created Series E Preferred Stock at $10.00 per share, totaling $1,000. This transaction closed on January 5, 2024, the same day the company filed a certificate of designations with the Nevada Secretary of State, outlining the rights and restrictions of the Series E Preferred Stock. Each share of Series E Preferred Stock carries 6,000,000 votes and will vote on proposals related to increasing the authorized shares of Common Stock or adjourning related meetings. The Series E Preferred Stock is non-convertible, has no dividend rights, and no rights to the company's assets upon...Show More