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Mobile Global Esports, Inc. ( (MGAM) ) has provided an announcement.
On September 9, 2025, Mobile Global Esports, Inc. issued a convertible promissory note worth $165,000, including a $15,000 original issue discount, to an investor. The note, which bears a 10% annual interest rate and matures on September 8, 2026, can be converted into the company’s common stock six months post-issuance at a discounted conversion price. This financial move could potentially impact the company’s stock liquidity and investor relations, reflecting its strategic efforts to manage capital and investor engagement.
More about Mobile Global Esports, Inc.
Mobile Global Esports, Inc. operates within the esports industry, focusing on mobile gaming and competitive esports events. The company is involved in organizing and promoting esports tournaments and events, targeting a growing market of mobile gaming enthusiasts and professional gamers.
Average Trading Volume: 45,412
Technical Sentiment Signal: Buy
Current Market Cap: $7.61M
For detailed information about MGAM stock, go to TipRanks’ Stock Analysis page.