UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~December~~April 112, ~~2023~~2024

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EBET, Inc.

(Exact name of registrant as specified in its charter)

___________________________

Nevada

001-40334

85-3201309

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

3960 Howard Hughes Parkway, Suite 500, Las Vegas, NV 89169

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (888) 411-2726

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

___________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act: None

Item 82.0103 ~~Other~~Creation ~~Events~~of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On or ~~about~~June ~~September 28~~30, 2023, EBET, Inc. (the “Company”), ~~filed~~the asubsidiaries ~~complaint~~of ~~with~~ the ~~District~~Company ~~Court~~and inCP ~~Clark~~BF ~~County~~Lending, ~~Nevada (Case~~LLC ~~No.: A-23-878606-C~~(“Lender”) ~~against Aspire Global International Limited~~, AGentered ~~Communications~~into ~~Limited,~~a ~~Aspire Global 7 Limited, and Aspire~~forbearance ~~Global~~agreement ~~PLC~~ (~~collectively,~~ the “~~Aspire~~Forbearance ~~Entities~~Agreement”). ~~The~~In ~~complaint~~connection ~~alleges~~with ~~fraud in~~ the ~~inducement,~~Forbearance ~~rescission~~Agreement, ~~breach~~the ofLender ~~contract, and~~agreed ~~breach~~to ofprovide the ~~implied~~Company with ~~covenant~~a revolving line of ~~good~~credit ~~faith~~in ~~and~~the ~~fair~~amount ~~dealing~~of in$2.0 ~~connection~~million (the “Revolving Note”), with ~~the~~any ~~acquisition~~advances byunder the ~~Company~~Revolving Note ofto ~~certain~~be ~~gaming assets~~made ~~pursuant~~in tothe asole ~~share~~discretion ~~purchase~~of ~~agreement~~the ~~dated~~Lender. ~~October~~On 1September 29, ~~2021~~2023, ~~between~~ the ~~Company~~Lender ~~and~~agreed ~~the~~to ~~Aspire~~increase ~~Entities.~~the ~~The~~maximum ~~complaint~~available ~~seeks,~~amount ~~among~~of ~~other~~the ~~items,~~Revolving ~~general,~~Loan ~~punitive~~to ~~and~~$4.0 ~~other~~million. ~~damages~~On asJanuary ~~stated~~9, ~~and~~2024, asthe ~~according~~Lender agreed to ~~proof,~~increase ~~rescission~~the ~~damages~~maximum inavailable an amount of nothe ~~less~~Revolving ~~than~~Loan 65from $4.0 million ~~Euro,~~to ~~among~~$6.5 ~~other~~million. ~~requests~~On ~~for~~April ~~relief~~12, as2024, ~~deemed reasonable by~~ the ~~Court.~~parties ~~There~~entered isinto noa ~~assurance~~Fourth ~~that~~Amendment ~~the~~to ~~Company~~Credit ~~will~~Agreement (“Amendment”) ~~maintain~~pursuant ~~internal~~to ~~capital~~which, ~~sufficient~~among toother ~~pursue~~items, the ~~above~~maximum ~~litigation~~available atamount ~~all~~of ~~times~~the ~~necessary~~Revolving ~~going~~Loan ~~forward~~was increased to $11.0 million.

2Pursuant to the Forbearance Agreement, the Company acknowledged, among other items, that, as of June 30, 2023, it was in default under the credit agreement with the Lender (“Credit Agreement”). Pursuant to the Forbearance Agreement, the Lender agreed to forbear from exercising its rights and remedies against the Company and the guarantors under the Credit Documents until the earlier of September 15, 2023 or the occurrence of a termination event, which date was later extended to June 30, 2025. Pursuant to the Amendment, the Company acknowledged that due to the issuance of an arbitration award against the Company on or about January 5, 2024, a termination event had occurred under the Forbearance Agreement. However, the Lender has agreed in the Amendment that that such termination event would not take effect until the earlier of June 17, 2024 or the date of another termination event unless otherwise waived or modified by mutual agreement.

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EBET, INC.
Date: December 1, 2023
Date: April 18, 2024
	By: /s/ Matthew Lourie
	Matthew Lourie
	Chief Financial Officer

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