Agassi Sports Entertainment Corp. 8-K

What Happened

• Agassi Sports Entertainment Corp. filed an 8‑K reporting that on February 6, 2026 Investments AKA, LLC (indirectly controlled by Andre K. Agassi) exercised 705,417 warrants with an exercise price of $0.397 per share on a cashless basis. The Company issued a net 651,231 shares of common stock after forfeiture of 54,186 warrant shares to satisfy the aggregate exercise price. The issuance was made in reliance on Section 3(a)(9) of the Securities Act and no commissions or other remuneration were paid for the exchange.
• The filing also includes Regulation FD disclosure about the Company’s planned Agassi Intelligence platform and notes other events following the warrant exercise.

Key Details

• Warrant exercise date: February 6, 2026; original warrants exercised: 705,417 shares; net shares issued: 651,231; forfeited shares: 54,186.
• Exercise price used in calculation: $0.397 per share. Issuance made to Investments AKA, LLC (Andre K. Agassi–controlled entity).
• Agassi Intelligence platform: planned website and international app rollout. Target: launch by end of Q2 2026 for staggered e-commerce and AI coaching/recommender features; app expected Q3–Q4 2026 with coaching AI, swing analysis, progress tracking and social features.
• Initial focus on tennis with a stated goal to expand features to pickleball and padel over time.

Why It Matters

• Dilution/ownership: The cashless exercise converted outstanding warrants into 651,231 new shares, which affects the Company’s outstanding share count and Andre Agassi’s related holding via Investments AKA, LLC. The filing clarifies the issuance was an exchange with an existing security holder (Section 3(a)(9)), not a public offering.
• Business outlook: The Agassi Intelligence platform, with e-commerce and AI coaching features, represents a strategic product roadmap that could create new revenue streams if launched as planned. Timelines (Q2–Q4 2026) provide investors a near‑term milestone schedule to monitor progress and execution.
• No commissions were paid in the warrant exchange, and the Company disclosed these matters under Regulation FD and Other Events to keep investors informed of both capital changes and product plans.