Mobile Global Esports Inc. Announces Issuance of $165,000 Convertible Promissory Note with 10% Interest Rate and Flexible Prepayment Options

Reuters09-10

<a href="https://laohu8.com/S/MGAM">Mobile Global Esports Inc.</a> Announces Issuance of $165,000 Convertible Promissory Note with 10% Interest Rate and Flexible Prepayment Options

Mobile Global Esports Inc. has announced the issuance of a convertible promissory note valued at $165,000, which includes a $15,000 original issue discount. This note, issued on September 9, 2025, carries an annual interest rate of 10% and will mature on September 8, 2026. Notably, starting six months post-issuance, the note can be converted into the company's common stock at a conversion price of 65% of the market price, calculated based on the average of the three lowest trading prices over a 15-day period. Additionally, the company retains the option to prepay the note at varying percentages of the principal within 180 days of issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mobile Global Esports Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-086150), on September 09, 2025, and is solely responsible for the information contained therein.

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Announces Issuance of $165,000 Convertible Promissory Note with 10% Interest Rate and Flexible Prepayment Options","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MGAM\">Mobile Global Esports Inc.</a> Announces Issuance of $165,000 Convertible Promissory Note with 10% Interest Rate and Flexible Prepayment Options\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Mobile Global Esports Inc. has announced the issuance of a convertible promissory note valued at $165,000, which includes a $15,000 original issue discount. This note, issued on September 9, 2025, carries an annual interest rate of 10% and will mature on September 8, 2026. 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