Company: AAPI
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0001477932-25-005556
Chunk: 1

Company: Apple iSports Group, Inc.
Filing Date: 2025-08-07
Form: 8-K
Item: Item 1.01
Chunk 1
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 to 110% of the average of the VWAPs of the Company’s common stock over five trading days preceding each such date.

Pursuant to each of the Facility Agreement and the Warrant, subject to certain other conditions, the Purchaser will not be required to purchase such common stock or exercise of the Warrant, to the extent such exercise or conversion would cause the Purchaser to become, directly or indirectly, a "beneficial owner" (within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the rules and regulations promulgated thereunder) of a number of common shares or other securities of a class that is registered under the Exchange Act which exceeds 4.99%.

The Company relied on the exemption from registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and Regulation D promulgated thereunder in connection with the issuance and sale of the Note, the Conversion Shares, the Warrant, and the Warrant Shares. The offer and sale of the Note, the Conversion Shares, the Warrant, and the Warrant Shares have not been registered under the Securities Act and may not be offered or sold in the United States in the absence of an effective registration statement or exemption from the registration requirements of the Securities Act, and in each case in compliance with applicable state securities laws.

The Company’s Board of Directors approved and ratified the Facility Agreement and related instruments effective as of that same date.

Unless the context indicates otherwise, capitalized terms in the above description are as defined in the Common Stock Purchase Agreement. The descriptions of the Common Stock Purchase Agreement, the Warrant and the Registration Rights Agreement and are not exhaustive, and are qualified in their entirety by reference to each agreement which are filed as Exhibits 10.17, 10.18 and 10.19, respectively,

Item 9.01. Financial Statements and Exhibits.