Agassi's Largest Holder Converts $1M Note and Buys $1.5M More at $5.00/Unit
AASP sits 42% above its 52-week low of $3.7.
Summary
Agassi Sports Entertainment's largest holder converted a $1M note into equity and bought $1.5M more units at $5.00, injecting cash but adding 500,000 shares and 500,000 warrants to the cap table.
Key Events · Financing and Capital Events · AASP
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Insider Converts $1M Note, Buys $1.5M More
Investments AKA, LLC — Andre Agassi's entity and the largest holder — converted the full $1,000,000 note principal into 200,000 shares and 200,000 warrants, and separately subscribed for 300,000 units at $5.00 for $1,500,000 cash.
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Dilution From 500,000 New Shares
The conversion and subscription add 500,000 shares and 500,000 warrants to a base of 13,211,824 shares outstanding as of October 15, 2026, taking post-issuance shares to 13,711,824. Two other accredited investors added 65,000 units for $325,000.
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Warrants Strike 33% Above Deal Price
All 565,000 warrants carry a $7.00 exercise price, three-year term, cash-only exercise and no cashless feature; the investor warrants include 4.999%/9.999% ownership blockers.
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Note Interest Waived, Note Canceled
The First Amendment forgives all accrued interest retroactively and deems the note fully satisfied; the $3,000,000 new-money conversion trigger was expressly waived.
Analysis · AASP · Trade & Services
Real cash is flowing into a company that has warned of going-concern risk, and the largest holder is staying aligned. Andre Agassi's Investments AKA converted its entire $1M note into 200,000 shares and 200,000 warrants, then put in another $1.5M for 300,000 more units — all at $5.00, roughly in line with today's $5.25 quote. The cost is dilution: 500,000 new shares plus 500,000 warrants to Agassi's entity, on top of 65,000 units sold to two other investors for $325,000. Because the warrants strike at $7.00, they only become dilutive if the stock climbs 33% from the deal price. The catch is that this is insider money, not institutional validation — the same related party is both lender and buyer, and the note's $3M new-money conversion trigger was waived to make the deal happen.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AASP was trading at $5.25 on OTC in the Trade & Services sector, with a market capitalization of approximately $68.8M. The 52-week trading range was $3.70 to $8.40. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.