Agassi Sports Entertainment Corp. entered into a Subscription Agreement with Investments AKA, LLC for the sale of 50,000 restricted common shares at $5.00 per share, raising $250,000.
Key takeaways
Company sold 50,000 restricted common shares to Investments AKA, LLC for $250,000.
Investments AKA is indirectly controlled by Andre K. Agassi, the company's largest stockholder.
The offering was conducted as a private placement under Section 4(a)(2) and Rule 506 of Regulation D.
No sales commissions were paid in connection with the sale.
The securities are restricted and not registered under the Securities Act.