# EDGAR Filing Document

**Accession Number:** 0000930245
**File Stem:** 0001472375-26-000143
**Filing Date:** 2026-5
**Character Count:** 123872
**Document Hash:** 39e09d8724df8c8f5273010cdda9fbcd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001472375-26-000143.hdr.sgml**: 20260513

**ACCESSION NUMBER**: 0001472375-26-000143

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 51

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260513

**DATE AS OF CHANGE**: 20260513

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Agassi Sports Entertainment Corp.
- **CENTRAL INDEX KEY:** 0000930245
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS RETAIL [5900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 880203976
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-24970
- **FILM NUMBER:** 26974742

**BUSINESS ADDRESS:**
- **STREET 1:** 1120 N. TOWN CENTER DR #160
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89144
- **BUSINESS PHONE:** 702-400-4005

**MAIL ADDRESS:**
- **STREET 1:** 1120 N. TOWN CENTER DR #160
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GLOBAL ACQUISITIONS Corp
- **DATE OF NAME CHANGE:** 20210218

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALL AMERICAN SPORTPARK INC
- **DATE OF NAME CHANGE:** 19990121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SAINT ANDREWS GOLF CORP
- **DATE OF NAME CHANGE:** 19940916

?xml version='1.0' encoding='ASCII'? Filed by Avantafile.com - Agassi Sports Entertainment Corp. - Form 10-Q

------

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q**

(Mark One)

[X] **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the fiscal quarter ended March 31, 2026**

[ ] **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**FOR THE TRANSITION PERIOD FROM _____________ TO _____________**

Commission File Number **<u>000-24970</u>**

![](companylogo.gif)

---

| |
|:---|
| **Agassi Sports Entertainment Corp.**  |
| *(Exact name of registrant as specified in its charter)* |

---

---

| | |
|:---|:---|
| **Nevada** | **88-0203976** |
| *(State or other jurisdiction of*<br>*incorporation or organization)* | *(I.R.S. Employer Identification No.)* |
| **1120 N Town Center Drive, Suite 160**<br>**Las Vegas, Nevada**  | **89144** |
| *(Address of principal executive offices)* | *(Zip Code)* |

---

Registrant's telephone number, including area code: **<u>(702) 400-4005</u>**

Securities registered pursuant to Section 12(b) of the Act: **None.**

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [ ] No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).&nbsp;&nbsp;&nbsp;&nbsp; [X] Yes [ ] No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ] Accelerated filer [ ] <br> Non-accelerated Filer [X] Smaller reporting company [X] Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [ ] Yes [X] No

The number of shares of common stock, $0.001 par value, outstanding on May 13, 2026 was 12,733,250 shares.

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| **[PART I – FINANCIAL INFORMATION.](#page_3)** | **[3](#page_3)** |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 1. Financial Statements.](#page_3) | [3](#page_3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Condensed Balance Sheets.](#page_3) | [3](#page_3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Condensed Statements of Operations.](#page_4) | [4](#page_4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Condensed Statements of Cash Flows.](#page_6) | [6](#page_6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Notes to Condensed Financial Statements.](#page_7) | [7](#page_7) |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.](#page_18) | [18](#page_18) |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 3. Quantitative and Qualitative Disclosures about Market Risk.](#page_27) | [27](#page_27) |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 4. Controls and Procedures.](#page_28) | [28](#page_28) |
| **[PART II – OTHER INFORMATION.](#page_29)** | **[29](#page_29)** |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 1. Legal Proceedings.](#page_29) | [29](#page_29) |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 1A. Risk Factors.](#page_29) | [29](#page_29) |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.](#page_29) | [29](#page_29) |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 3. Defaults Upon Senior Securities.](#page_31) | [31](#page_31) |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 4. Mine Safety Disclosures.](#page_31) | [31](#page_31) |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 5. Other Information.](#page_31) | [31](#page_31) |
| &nbsp;&nbsp;&nbsp;&nbsp;[Item 6. Exhibits.](#page_32) | [32](#page_32) |

---

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

This Quarterly Report on Form 10-Q (this "<u>Report</u>") contains forward-looking statements. In some cases, you can identify forward-looking statements by the following words: "<u>anticipate,</u>" "<u>believe,</u>" "<u>continue,</u>" "<u>could,</u>" "<u>estimate,</u>" "<u>expect,</u>" "<u>intend,</u>" "<u>may,</u>" "<u>ongoing,</u>" "<u>plan,</u>" "<u>potential,</u>" "<u>predict,</u>" "<u>project,</u>" "<u>should,</u>" or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this Report. These factors include:

• our limited operating history, history of losses and lack of
 experience in certain aspects of our business, including the court sports
 industry;

• our ability to continue as a going concern and to generate sufficient
 revenues to achieve and sustain profitability;

• our need for additional capital to fund operations and satisfy
 obligations, including under agreements with the IBM Parties (defined below),
 the availability and terms of such financing and potential dilution to
 existing stockholders;

• our ability to execute our business plan, including the development,
 launch and commercialization of our planned platform and mobile application,
 the timing and costs associated therewith and the extent to which we generate
 revenues from such initiatives;

• the anticipated benefits of our arrangements with the IBM Parties and
 the extent to which such benefits are realized, as well as the demands such
 arrangements place on our management and resources;

• the acceptance by consumers of our products and services and their
 willingness to adopt and pay for our offerings;

• the size, growth and development of the markets in which we operate,
 including pickleball and padel, and for our planned platform and application;

• our ability to compete effectively in a highly competitive and
 evolving industry and to respond to changes in market conditions and consumer
 preferences;

• the impact of general economic, financial and business conditions,
 including inflation, interest rates, tariffs, trade policies, economic
 slowdowns or recessions and geopolitical events, on discretionary spending
 and demand for our products, services and events;

• our ability to successfully plan, launch and operate events,
 including the planned World Series of Pickleball, including securing venues,
 obtaining permits, attracting sponsorships, partners and participants, and
 managing operational and logistical challenges;

• risks related to injuries, accidents, security incidents or other
 liabilities arising from our operations or events and the adequacy of our insurance
 coverage;

• disruptions to our information technology systems, cybersecurity
 threats and unauthorized access to data, and the resulting operational, legal
 and reputational risks;

• risks associated with our use of artificial intelligence technologies,
 including regulatory, operational, reputational and competitive risks;

• our ability to attract, retain and manage key personnel and to
 effectively manage our growth, including increased operational scale and
 complexity;

• our ability to protect our intellectual property and avoid infringing
 on the intellectual property rights of others;

• our ability to establish and maintain brand recognition and customer
 loyalty;

• changes in laws, regulations and regulatory requirements applicable
 to our business;

• corporate governance risks and risks related to being a public
 company, including increased costs and compliance obligations;

• the concentration of ownership of our securities and its impact on
 corporate decision-making;

• the market price and liquidity of our common stock; and

• other risk factors discussed or incorporated by reference in "Risk Factors", below.

You should read the matters described in "Risk Factors" and the other cautionary statements made in this Report, as being applicable to all related forward-looking statements wherever they appear in this Report. We cannot assure you that the forward-looking statements in this Report will prove to be accurate and therefore prospective investors are encouraged not to place undue reliance on forward-looking statements. Other than as required by law, we undertake no obligation to update or revise these forward-looking statements, even though our situation may change in the future.

**Part I – Financial Information**

**Item 1. Financial Statements**

**Agassi Sports Entertainment Corp.,** 

**Condensed Balance Sheets**

---

| | | |
|:---|:---|:---|
|  | **March 31,**<br>**2026** | **December 31,**<br>**2025** |
| **ASSETS** | **(unaudited)** |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $316989 | $95748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 1198 | 400627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 318187 | 496375 |
| Property and equipment, net | 18413 | 7770 |
| Intangible asset, net | 291160 | 296298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $627760 | $800443 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $1191997 | $486900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note payable | - | 7500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 1191997 | 494400 |
| Commitments and contingencies | - | - |
| Stockholders' equity (deficit): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding as of both March 31, 2026 and December 31, 2025 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.001 par value, 500,000,000 shares authorized, 12,683,250 and 9,785,056 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 12683 | 9785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 41563496 | 39926360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (42140416) | (39630102) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity (deficit) | (564237) | 306046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $627760 | $800443 |

---

The accompanying notes are an integral part of these unaudited condensed financial statements.

3<br>

**Agassi Sports Entertainment Corp., Condensed Statements of Operations**

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **For the Three Months Ending**<br>**March 31,** | **For the Three Months Ending**<br>**March 31,** |
|  | **2026** | **2025** |
| Operating Expenses: |  |  |
| General and administrative expenses | $2510314 | $1665246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 2510314 | 1665246 |
| Loss from operations | (2510314) | (1665246) |
| Net Loss | (2510314) | (1665246) |
| Weighted average number of common shares outstanding - basic and fully diluted | 11477831 | 9785056 |
| Net loss per share- basic and fully diluted | $(0.22) | $(0.17) |

---

The accompanying notes are an integral part of these unaudited condensed financial statements.

4<br>

**Agassi Sports Entertainment Corp.,** 

**Condensed Statements of Changes in Stockholders' Deficit**

**(Unaudited)**

**For the Three Months Ended March 31, 2026 and 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Additional**<br>**Paid-in**<br>**Capital** | <br>**Accumulated**<br>**Deficit** | **Total**<br>**Stockholders'**<br>**Equity (Deficit)** |
| **Balances, December 31, 2024** | 9785056 | $9785 | $32410928 | $(30138568) | $2282145 |
| Stock based compensation | - | - | 1440777 | - | 1440777 |
| Net loss | - | - | - | (1665246) | (1665246) |
| **Balances, March 31, 2025** | 9785056 | 9785 | 33851705 | (31803814) | 2057676 |
| **Balances, December 31, 2025** | 9785056 | 9785 | 39926360 | (39630102) | 306046 |
| Shares issued for cash | 130000 | 130 | 649870 | - | 650000 |
| Conversion of note payable to common stock | 19223 | 19 | 8560 | - | 8579 |
| Exercise of warrants | 2784971 | 2749 | (2749) | - | - |
| Stock Based Compensation | - | - | 981455 | - | 981455 |
| Net loss | - | - | - | (2510314) | (2510314) |
| **Balances, March 31, 2026** | 12683250 | $12683 | $41563496 | $(42140416) | $(564237) |

---

The accompanying notes are an integral part of these unaudited condensed financial statements.

5<br>

**Agassi Sports Entertainment Corp.,** 

**Condensed Statements of Cash Flows**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **For the three months ended** | **For the three months ended** |
|  | **March,** | **March,** |
|  | **2026** | **2025** |
| **Cash flows from operating activities:** |  |  |
| Net loss | $(2510314) | $(1665246) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 5634 | 496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 981455 | 1440777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 399429 | (112) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | 706176 | 23676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities | (417620) | (247761) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchase of property and equipment | (11139) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities | (11139) | - |
| **Cash flows from financing activities:** |  |  |
| Proceeds from shares issued | 650000 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 650000 | - |
| **Net change in cash and cash equivalents** | 221241 | (247761) |
| Cash and cash equivalents at beginning of year | 95748 | 2319242 |
| Cash and cash equivalents at end of year | $316989 | $2071481 |
| **Supplemental disclosure of non-cash financing activities:** |  |  |
| Conversion of note payable and accrued interest into common stock | $8579 | $- |

---

The accompanying notes are an integral part of these unaudited condensed financial statements.

6<br>

**Agassi Sports Entertainment Corp.,** 

***formerly* Global Acquisitions Corporation**

**Notes to Condensed Financial Statements**

(Unaudited)

**NOTE 1. ORGANIZATIONAL STRUCTURE AND BASIS OF PRESENTATION**

a. ORGANIZATION

Agassi Sports Entertainment Corp. (the "Company") was incorporated in Nevada on March 6, 1984, under the name "Sporting Life, Inc." The Company's name was changed to "St. Andrews Golf Corporation" on December 27, 1988, to "Saint Andrews Golf Corporation" on August 12, 1994, and to "All-American SportPark, Inc." ("AASP") on December 14, 1998. Effective February 15, 2021, the name of the Company was changed to "Global Acquisitions Corporation." On March 31, 2025, the Company legally changed its name from "Global Acquisitions Corporation", to "Agassi Sports Entertainment Corp."

On June 10, 2016, the Company entered into a Transfer Agreement for the sale and transfer of the Company's 51% interest in All-American Golf Center, Inc. ("AAGC"), which at the time constituted substantially all of the Company's assets. On October 18, 2016, the Company completed the closing of the Transfer Agreement pursuant to which the Company transferred the 51% interest in AAGC to Ronald Boreta, the Chief Executive Officer, President and director of the Company and John Boreta, his brother, who was at the time a member of the Board of Directors of the Company (collectively, the "Boretas"), and also issued to the Boretas 1,000,000 shares of the Company's common stock, in exchange for the cancellation of promissory notes held by the Boretas and accrued interest totaling $8,864,255. AAGC constituted substantially all of the Company's assets and following the closing of the Transfer Agreement, the Company had no or nominal operations and no or nominal assets and was therefore considered to be a "Shell Company" as that term is defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company remained a "Shell Company" until May 31, 2025, when the Company entered into that certain Trademark Acquisition Agreement dated May 31, 2025, discussed in greater detail below under Note 5.

In connection with the closing of the Transfer Agreement, AAGC assumed the obligation of the Company to pay Ronald Boreta for deferred salary of $340,000. In addition, AAGC cancelled $4,267,802 in advances previously made by it to the Company to fund its operations.

Also in connection with the closing of the Transfer Agreement, entities controlled by the Boretas cancelled $1,286,702 owed to them by the Company. In addition, the Company cancelled $27,615 of amounts due from entities controlled by the Boretas.

Also, as a result of the Transfer Agreement, on October 18, 2016, the Company derecognized the assets and liabilities of AAGC.

The sale and transfer of the Company's 51% interest in AAGC to the controlling shareholders of the Company is a common control transaction and recorded at book value. Any difference between the proceeds received by the Company and the book value of assets and liabilities of AAGC, cancellation of promissory notes and accrued interest, assumption of deferred salary, cancellation of amounts due to and due from entities controlled by the Boretas is recognized as a capital transaction with no gain or loss recorded.

b. BASIS OF PRESENTATION

The unaudited condensed interim financial statements included herein, presented in accordance with United States Generally Accepted Accounting Principles (GAAP) and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

7<br>

These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these unaudited condensed interim financial statements be read in conjunction with the financial statements of the Company for the year ended December 31, 2025 and notes thereto included in the Company's Annual Report on Form 10-K. The Company follows the same accounting policies in the preparation of interim reports.

Results of operations for interim periods may not be indicative of annual results.

c. BUSINESS ACTIVITIES

At this time, the Company's plan is to create and manage unique content, building sports communities around entertainment, media, wellness, education, commerce, and charitable efforts, with the goal of becoming a leading media and entertainment company in the world of racket sports.

**NOTE 2**. **SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

a. USE OF ESTIMATES

The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reporting period. Significant estimates and assumptions made by management include, but are not limited to, the determination of the provision for income taxes and fair value of warrants. The Company bases the estimates on historical experience and on various other assumptions that are believed to be reasonable. Actual results could differ from those estimates.

*b. CASH AND CASH EQUIVALENTS*

The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.

c. CASH DEPOSITS

Time deposits represent interest-bearing deposits with financial institutions that have original maturities of greater than three months and are classified within "Prepaid expenses and other current assets" on the balance sheets due to their expected use within one year. Time deposits are recorded at cost, which approximates fair value due to their short-term maturities.

The Company monitors the creditworthiness of the financial institutions with which time deposits are placed and does not believe it is exposed to significant credit risk. The Company has not experienced any losses related to these instruments during the periods presented.

d. PROPERTY AND EQUIPMENT, NET

Property and equipment are stated at cost less accumulated depreciation and amortization. Property and equipment consist of computer equipment and depreciation expense is recognized using the straight-line method over the estimated useful life of five years for computer and equipment.

When assets are retired or otherwise disposed of, the cost, accumulated depreciation and amortization are removed from the accounts and any resulting gain or loss is reflected in the statements of operations in the period realized. Maintenance and repairs that do not enhance or extend the asset's useful life are charged to operating expenses as incurred.

8<br>

The following is a summary of property and equipment as of:

---

| | | |
|:---|:---|:---|
|  | **March 31,** | **December 31,** |
|  | **2026** | **2025** |
| Computer and equipment | $21189 | $10050 |
| Accumulated depreciation | (2776) | (2280) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment, net | $18413 | $7770 |

---

Depreciation expense was $496 and $496 for the three months ended March 31, 2026 and 2025, respectively.

e. ****INTANGIBLE ASSET

Intangible assets are amortized over the respective estimated lives on a straight-line basis, unless the lives are determined to be indefinite and reviewed for impairment whenever events or other changes in circumstances indicate that the carrying amount may not be recoverable. Impairment testing compares carrying values to fair values and, when appropriate, the carrying value of these assets is reduced to fair value. Impairment charges, if any, are recorded in the period in which the impairment is detected. As of December 31, 2025, intangible asset consists of the trademark acquired from Patrick J. Rolfes and Ted Angelo (the "<u>Sellers</u>"), the owners of the trademark for "*<u>World Series of Pickleball</u>*" (the "<u>Trademark</u>"). Pursuant to the Trademark Acquisition Agreement, we acquired all rights to, and ownership of, the Trademark, in consideration for $25,000 in cash and warrants to purchase 50,000 shares of the Company's common stock with a fair value of $283,287 (see Notes 5 and 6). The Trademark is amortized over its estimated useful life of 15 years, which represents the estimated protection life of the asset.

Amortization expense was $5,138 and $0 for the three months ended March 31, 2026 and 2025, respectively.

The carrying value of the related asset remaining for amortization as of March 31, 2026 was $291,160. (see Note 5).

f. ****IMPAIRMENT OF LONG-LIVED ASSETS

The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. The Company did not record any impairment losses on its long-lived assets as of March 31, 2026.

g. INCOME TAXES

The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. A valuation allowance is established against deferred tax assets that do not meet the criteria for recognition. In the event the Company were to determine that it would be able to realize deferred income tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the valuation allowance which would reduce the provision for income taxes.

9<br>

The Company follows the accounting guidance which provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized initially and in subsequent periods. Also included is guidance on measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

h. FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company adopted Accounting Standards Codification (ASC) 820 "Fair Value Measurement" related to fair value measurement at inception. The standard defines fair value, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The standard applies under other accounting pronouncements that require or permit fair value measurements and, accordingly, does not require any new fair value measurements. The standard clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the standard established a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

• Level 1: Observable inputs such as quoted prices in active markets;

• Level 2: Inputs, other than quoted prices in active markets, that are
 observable either directly or indirectly; and

• Level 3: Unobservable inputs in which there is little or no market
 data, which require the reporting entity to develop its own assumptions.

At March 31, 2026 and December 31, 2025, the carrying amount of due to related party and accounts payable and accrued liabilities approximate fair value because of the short maturity of these instruments.

i. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share exclude any dilutive effects of options, warrants, and convertible securities. Basic earnings per share are computed using the weighted average number of shares of common stock and common stock equivalent shares outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. As of March 31, 2026, we had 2,150,000 outstanding warrants to purchase shares of common stock.

Loss per share is computed by dividing reported net loss by the weighted average number of common shares outstanding during the period. The weighted-average number of common shares used in the calculation of basic loss per share was 11,477,831 and 9,785,056 for the three months ended March 31, 2026 and 2025, respectively.

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j. RELATED PARTIES

Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.

k. STOCK-BASED COMPENSATION

The Company accounts for stock-based compensation to employees in accordance with Financial Accounting Standards Board (FASB) ASC 718, "Compensation-Stock Compensation". ASC 718 requires companies to measure the cost of employee services received in exchange for an award of equity instruments, including stock options, based on the grant date fair value of the award and to recognize it as compensation expense over the period the employee is required to provide service in exchange for the award, usually the vesting period. Stock option forfeitures are recognized at the date of employee termination.

l. SEGMENT INFORMATION

In accordance with ASC 280, Segment Reporting ("ASC 280"), we identify our operating segments according to how our business activities are managed and evaluated. ASC 280 establishes standards for companies to report financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company's chief operating decision maker ("CODM"), which is Ronald S. Boreta, its President and CEO, in deciding how to allocate resources and assess performance.

m. RECENT ACCOUNTING PRONOUNCEMENTS

In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): *Improvements to Income Tax Disclosures*" which is intended to enhance the transparency and decision usefulness of income tax disclosures. The guidance addresses investor requests for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. The guidance is effective for annual periods beginning after December 15, 2024. The Company adopted ASU 2023-09 on January 1, 2025. The adoption of ASU 2023-09 has not had a material impact on the Company's financial statements and disclosures.

The Company believes there was no other new accounting guidance adopted but not yet effective that either has not already been disclosed in prior reporting periods or is relevant to the readers of the Company's financial statements.

The Company continually assesses any new accounting pronouncements to determine their applicability to the Company. Where it is determined that a new accounting pronouncement affects the Company's financial reporting, the Company undertakes a study to determine the consequence of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company's financials properly reflect the change.

**NOTE 3 – SEGMENT REPORTING**

The CODM has been identified as the Chief Executive Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating and reportable segment.

When evaluating the Company's performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following:

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---

| | | |
|:---|:---|:---|
|  | **For the three months ended** | **For the three months ended** |
|  | **March 31,** | **March 31,** |
|  | **2026** | **2025** |
| Total operating expenses | $2510314 | $1665246 |

---

The key measures of segment profit or loss reviewed by our CODM are operating expenses. Operating costs are reviewed and monitored by the CODM to manage and forecast cash. The CODM also reviews operating costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

**NOTE 4 – GOING CONCERN**

The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying unaudited financial statements, for the three months ended March 31, 2026 and 2025, the Company had a net loss of $2,510,314 and $1,665,246, respectively. As of March 31, 2026, the Company had an accumulated deficit of $42,140,416. These factors raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued.

The Company's management believes that its operations may not be sufficient to fund operating cash needs over at least the next 12 months. The Company may require additional funding in the future. The Company plans to raise additional required funding when required through the sale of debt or equity, which may not be available on favorable terms, if at all, and may, if sold, cause significant dilution to existing stockholders. If the Company is unable to access additional capital moving forward, it may hurt its ability to grow and to generate revenues.

The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

**NOTE 5. TRADEMARK ACQUISITION**

On May 31, 2025, the Company entered into a Trademark Acquisition Agreement with Patrick J. Rolfes and Ted Angelo, the owners of the trademark for "*<u>World Series of Pickleball</u>*". Pursuant to the Trademark Acquisition Agreement, the Company acquired all rights to, and ownership of, the Trademark, in consideration for $25,000 in cash and warrants to purchase 50,000 shares of the Company's common stock (with warrants to purchase 25,000 shares granted to each seller)(the "<u>Sellers Warrants</u>").

The Trademark Acquisition Agreement includes customary representations and indemnification obligations of the sellers, for a transaction of the size and type, as the Trademark acquisition. As additional consideration payable to each of the sellers, we agreed that during the lifetime of each of the sellers, we would furnish them an aggregate of six (6) VIP tickets to all World Series of Pickleball events produced by or on behalf of the Company. Such tickets are subject to all the rules and regulations, including standards of behavior, applicable to tickets generally.

The Sellers Warrants have an exercise price of $5.75 per share (the closing sales price of the Company's common stock on the last trading day prior to the entry into the Trademark Acquisition Agreement) and a three year term and are exercisable only on a cash basis. The Sellers Warrants include a 4.999% beneficial ownership limitation, which can be increased to 9.999% by either holder, with at least 61 days prior written notice to the Company.

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The Trademark is amortized over its estimated useful life of 15 years on a straight-line basis. The estimated future amortization expense related to the Trademark as of March 31, 2026 is as follows:

---

| | |
|:---|:---|
| Remainder of 2026 | $15414 |
| 2027 | 20552 |
| 2028 | 20552 |
| 2029 | 20552 |
| 2030 | 20552 |
| Thereafter | 193538 |
| **Total** | $**291160** |

---

**NOTE 6. CAPITAL STOCK, STOCK OPTIONS, AND INCENTIVES**

PREFERRED STOCK

Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding as of March 31, 2026 and December 31, 2025. The Company's Board of Directors shall determine the rights, preferences, privileges and restrictions of the preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms and the number of shares constituting any series or the designation of any series.

COMMON STOCK

Effective February 15, 2022, the number of authorized shares of common stock, $0.001 par value, was increased to 500,000,000 shares.

In February 2026, the Company issued a net total of 2,748,971 shares of common stock pursuant to the cashless exercise of warrants by a director and a significant beneficial owner. These transactions involved the exercise of warrants for 2,269,583 and 705,417 shares, respectively, resulting in the net issuance of 2,097,740 and 651,231 shares after the forfeiture of 226,029 shares to satisfy the aggregate exercise price.

On February 6, 2026, the Company issued 19,223 shares of common stock upon the conversion of $8,579 in principal and accrued interest outstanding under a convertible promissory note dated September 30, 2024. This conversion fully satisfied the Company's obligations under the note.

*Subscription Agreements*

On March 13, 2026, the Company issued 80,000 shares of restricted common stock to two accredited investors at $5.00 per share for total proceeds of $400,000. This issuance included 50,000 shares sold for $250,000 to the Boreta Lifetime Trust, an entity affiliated with Ronald S. Boreta, the Company's President, Chief Executive Officer, and Director. These shares were issued in a private placement.

*Private Placement Subscription*

On March 30, 2026, the Company issued 50,000 shares of restricted common stock to an accredited investor at $5.00 per share for aggregate gross proceeds of $250,000 pursuant to a Subscription Agreement. The investor was granted three-year piggyback registration rights and, pursuant to a side letter agreement, demand registration rights if the shares are not registered or eligible for resale under Rule 144 within one year of issuance, certain first opportunity rights related to future World Series of Pickleball events, and a complimentary sponsorship placement at the Company's inaugural World Series of Pickleball event.

There were 12,683,250 shares of common stock as of March 31, 2026 and 9,785,056 shares of common stock issued and outstanding as of December 31, 2025.

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WARRANTS

The following is a summary of warrants for the three months ended March 31, 2026.

---

| | | | |
|:---|:---|:---|:---|
|  | **Warrants** | **Weighted Average Exercise Price** | **Intrinsic Value** |
| Outstanding as of December 31, 2025 | 4925000 | $1.77 | $20592675 |
| Granted | 200000 | 5.00 | - |
| Exercised | (2748971) | 0.40 | - |
| Forfeited | (226029) | 0.40 | - |
| Outstanding as of March 31, 2026 | 2150000 | 3.98 | $2550000 |
| Exercisable as of December 31, 2025 | 4925000 | $1.77 | $20592675 |
| Exercisable as of March 31, 2026 | 2150000 | $3.98 | $2550000 |

---

The weighted-average remaining term of the warrants outstanding was 4.06 years as of March 31, 2026.

The Company, for consulting services agreed to be rendered, on February 3, 2026, issued to George Mackin, warrants to purchase up to 200,000 shares of the Company's common stock, at the exercise price of $5.00 per share of common stock. The warrants expire on February 2, 2029. The warrants are exercisable as to one half of the shares of common stock immediately, and exercisable as to the remaining half of the shares of common stock one year following the grant date of the warrants.

The Company, for consulting services agreed to be rendered, on March 6, 2025, issued to Darren Cahill, warrants to purchase up to 250,000 shares of the Company's common stock, at the exercise price of $1.70 per share of common stock. The warrants expire on March 5, 2030. The warrants are exercisable as to one half of the shares of common stock immediately, and exercisable as to the remaining half of the shares of common stock one year following the grant date of the warrants.

The Company, for consulting services agreed to be rendered, on March 6, 2025, issued to Justin Gimblestob, warrants to purchase up to 500,000 shares of the Company's common stock, at the exercise price of $1.70 per share of common stock. The warrants expire on March 5, 2030. The warrants are exercisable as to one half of the shares of common stock immediately, and exercisable as to the remaining half of the shares of common stock one year following the grant date of the warrants.

The Company, for services agreed to be rendered as the Company's Chief Financial Officer, on March 6, 2025, issued to Shawn Cable, warrants to purchase up to 100,000 shares of the Company's common stock, at the exercise price of $1.70 per share of common stock. The warrants expire on March 5, 2030. The warrants are exercisable as to one half of the shares of common stock immediately, and exercisable as to the remaining half of the shares of common stock one year following the grant date of the warrants.

In connection with the Trademark Purchase Agreement discussed in greater detail under Note 5, the Company granted the Sellers warrants to purchase 50,000 shares of the Company's common stock. The warrants have an exercise price of $5.75 per share (the closing sales price of the Company's common stock on the last trading day prior to the entry into the Trademark Acquisition Agreement) and a three-year term and are exercisable only on a cash basis. The warrants include a 4.999% beneficial ownership limitation, which can be increased to 9.999% by either holder, with at least 61 days prior written notice to the Company.

The Company, for consulting services agreed to be rendered, on October 31, 2025, issued to Stefanie Graf, the spouse of Andre K. Agassi, a significant beneficial owner of the Company's common stock, warrants to purchase 1,000,000 shares of the Company's common stock, at the exercise price of $5.50 per share of common stock. The warrants expire on October 31, 2030. The warrants are exercisable as to one half of the shares of common stock immediately, and exercisable as to the remaining half of the shares of common stock one year following the grant date of the warrants.

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The fair value of the warrants was $981,455 and $1,440,777, respectively, during the three months ended March 31, 2026 and 2025, which was valued using the Black-Scholes pricing model using the range of inputs as indicated below:

---

| | | |
|:---|:---|:---|
|  | **For the three months Ended March 31,** | **For the three months Ended March 31,** |
|  | **2026** | **2025** |
| Risk-free interest rate | 3.64% | 4.06% |
| Expected term (in years) | 3.00 | 5.00 |
| Expected volatility | 269.54% | 263.38% |
| Expected dividend yield | 0.00% | 0.00% |

---

The Company recognized $981,455 in stock-based compensation expense pertaining to these warrants during the three months ended March 31, 2026, based on the vesting conditions noted above.

*2026 Equity Incentive Plan*

On March 23, 2026, the Board of Directors adopted the Agassi Sports Entertainment Corp. 2026 Equity Incentive Plan, which became effective on the same date (the "2026 Plan").

The 2026 Plan provides an opportunity for any employee, officer, director or consultant of the Company, subject to limitations provided by federal or state securities laws, to receive (i) nonqualified stock options; (ii) stock appreciation rights; (iii) restricted stock awards; (iv) restricted stock units; (v) shares in performance of services; (vi) other awards of equity or equity based compensation; or (vii) any combination of the foregoing. In making such determinations, the Board or Compensation Committee may take into account the nature of the services rendered by such person, his or her present and potential contribution to the Company's success, and such other factors as the Board or Compensation Committee, in its discretion shall deem relevant.

Subject to adjustment in connection with the payment of a stock dividend, a stock split or subdivision or combination of the shares of common stock, or a reorganization or reclassification of the Company's common stock, the aggregate number of shares of common stock which may be issued pursuant to awards under the 2026 Plan is 1,500,000.

**NOTE 7 – RELATED PARTY TRANSACTIONS**

AAGC has advanced funds to pay certain expenses of the Company. The Company formerly owned a 51% interest in AAGC.

On July 3, 2024, the Company issued warrants to purchase 2,975,000 shares of common stock at an exercise price of $0.397 per share, (i) to James Askew, an individual, who was subsequently appointed as a member of the Board of Directors of the Company (Warrants to purchase 2,269,583 shares of common stock), and (ii) to Investments AKA, LLC, a limited liability company indirectly controlled by Andre K. Agassi, a significant beneficial owner of the Company's common stock (Warrants to purchase 705,417 shares of common stock). The Warrants vested immediately. The Warrants were exercisable as to one half of the shares of Common Stock immediately, and exercisable as to the remaining half of the shares of Common Stock one year following the grant date of the Warrant. The Warrants were issued to the Warrant Holders in consideration of services and support previously performed and provided, and expected to be performed or provided, by the Warrant Holders in furtherance of the Company's business objectives. As discussed in greater detail in Note 6, above, the Warrants were exercised for common stock in cashless transactions in February 2026.

The Company also entered into a Consulting Agreement, dated July 3, 2024, with Askew with respect to his services and the issuance of his Warrants.

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The Company's corporate offices are located at 1120 N Town Center Drive, Suite 160, Las Vegas, Nevada 89144 in space shared with The Agassi Foundation, which is provided to the Company without charge.*Subscription Agreements*

One of the 2026 Investors was the Boreta Lifetime Trust, whose trustee is Ronald S. Boreta, the Company's President, Chief Executive Officer and director. The Boreta Trust purchased 50,000 shares of restricted common stock for $5.00 per share or $250,000 in aggregate (see Note 6).

 

*Employment Agreement*

 

On March 25, 2026, effective March 1, 2026, the Company entered into an Executive Employment Agreement with its Chief Executive Officer and director, Ronald S. Boreta. Under the agreement, Mr. Boreta is entitled to an annual base salary of $240,000, subject to automatic annual increases of 10%, and may receive discretionary cash and equity-based bonuses. The agreement also provides for a $250,000 sign-on bonus and the grant of 300,000 restricted stock units, subject to approval by the Board of Directors and the Company's equity compensation plan. As of March 31, 2026, the restricted stock units had not been approved or granted.

During the three months ended March 31, 2026, the Company recognized compensation expense of $251,731 under the agreement, consisting of the $250,000 sign-on bonus and $1,731 of salary expense. As of March 31, 2026, the unpaid $250,000 sign-on bonus and $1,731 salary expense were included in accounts payable and accrued expenses in the accompanying balance sheet.

**NOTE 8- COMMITMENTS**

The Company has no commitments.

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**NOTE 9 – SUBSEQUENT EVENTS**

The Company has evaluated events through May 13, 2026, the filing date of this Form 10-Q, and determined that there have been no subsequent events that occurred that would require adjustments to our disclosures in these unaudited condensed interim financial statements, except as discussed below.

On April 16, 2026, the Company entered into a letter agreement with an investor relations firm pursuant to which the firm agreed to provide investor relations services to the Company for an initial term of three months, automatically extending thereafter until either party provides the other at least 30 days' notice of termination. Pursuant to the agreement we agreed to pay the service provider $6,000 a month in cash and 19,149 shares of restricted common stock of the Company, issuable 1/4<sup>th</sup> upon execution of the agreement, which shares the Company is in the process of issuing and the remaining 3/4<sup>th</sup> of the shares at the rate of 1/3<sup>rd</sup> of such shares on each of June 30, 2026, September 30, 2026 and December 31, 2026, to the extent the agreement remains in place and the service provider is still providing services to the Company on such dates. The agreement contains customary representations of the parties and confidentiality obligations of the service provider and requires us to indemnify the service provider against certain claims and liabilities in connection with the services, subject to customary exceptions.

On April 28, 2026, the Company entered into a Subscription Agreement with Investments AKA, LLC, a limited liability company indirectly controlled by former professional tennis player Andre K. Agassi, 8-time Grand Slam winner, and the Company's largest stockholder ("<u>Investments AKA</u>"), pursuant to which Investments AKA purchased an aggregate of 50,000 shares of restricted common stock from the Company, for $5.00 per share, or a total of $250,000. The Subscription Agreement included customary representations and warranties of AKA and the Company and piggyback registration rights.

On April 27, 2026, the Company granted warrants to purchase 50,000 shares of common stock of the Company to a financial advisor in consideration for services agreed to be rendered. The warrants have an exercise price of $5.00 per share, a term of five years, and cashless exercise rights.

On May 6, 2026, the Board of Directors of the Company, pursuant to the terms of his employment agreement, granted Ronald S. Boreta, 300,000 restricted stock units, settleable in shares of common stock, vesting 1/3 equally on each of December 31, 2026, December 31, 2027, and December 31, 2028 (the "<u>Restricted Stock Units</u>"). The Restricted Stock Units were granted under and subject to the terms of the Company's 2026 Equity Incentive Plan.

On May 9, 2026, the Company entered into a consulting agreement with an investor relations consulting service provider which has a term of six months. Pursuant to the agreement, the Company agreed to issue the consultant 60,000 shares of restricted common stock, with 10,000 shares earned and issuable each month the agreement is in place. The agreement includes customary representations and warranties of the parties and confidentiality obligations of the consultant, and granted piggyback registration rights to the consultant which remain in place until May 1, 2027.

17<br>

**Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations**

**<u>Introduction</u>**

You should read the matters described in, and incorporated by reference in, "Risk Factors", below, and "Cautionary Statement Regarding Forward-Looking Statements", above, and the other cautionary statements made in this Report, and incorporated by reference herein, as being applicable to all related forward-looking statements wherever they appear in this Report. We cannot assure you that the forward-looking statements in this Report will prove to be accurate and therefore prospective investors are encouraged not to place undue reliance on forward-looking statements. Other than as required by law, we undertake no obligation to update or revise these forward-looking statements, even though our situation may change in the future.

This information should be read in conjunction with the interim unaudited financial statements and the notes thereto included in this Quarterly Report on Form 10-Q, and the audited financial statements and notes thereto and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 31, 2026 (the "<u>2025 Annual Report</u>").

Certain capitalized terms used below and otherwise defined below, have the meanings given to such terms in the footnotes to our consolidated financial statements included above under "<u>Part I - Financial Information</u>" – "<u>Item 1. Financial Statements</u>".

In this Quarterly Report on Form 10-Q, we may rely on and refer to information regarding the industries in which we operate in general from market research reports, analyst reports and other publicly available information. Although we believe that this information is reliable, we cannot guarantee the accuracy and completeness of this information, we have not independently verified any of it, and we have not commissioned any such information.

Unless the context requires otherwise, references to the "<u>Company,</u>" "<u>we,</u>" "<u>us,</u>" "<u>our,</u>" and "<u>Agassi Sports Entertainment Corp.</u>" refer specifically to Agassi Sports Entertainment Corp.

In addition, unless the context otherwise requires and for the purposes of this Report only:

● " <u>Exchange Act</u> " refers to the Securities Exchange Act of 1934, as amended;

● " <u>SEC</u> " or the " <u>Commission</u> " refers to the United States Securities and Exchange Commission; and

● " <u>Securities Act</u> " refers to the Securities Act of 1933, as amended.

**<u>Where You Can Find Other Information</u>**

We file annual, quarterly, and current reports, proxy statements and other information with the SEC. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC like us at http://www.sec.gov (our filings can be found at https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000930245). Copies of documents filed by us with the SEC are also available from us without charge, upon oral or written request to our Secretary, who can be contacted at the address and telephone number set forth on the cover page of this Report. Our website address is https://www.agassisports.com. The information on, or that may be accessed through, our website is not incorporated by reference into this Report and should not be considered a part of this Report.

The Company plans to use press releases and various social media channels, including its Instagram account (*agassisportsentertainment*), as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company disseminates in press releases and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and financial information that the Company disseminates in press releases and on the social media channels identified above, as such information could be deemed to be material information. The contents on the Company's website and its social media channels are not incorporated by reference in this Report.

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***Summary of The Information Contained in Management's Discussion and Analysis of Financial Condition and Results of Operations***

Our Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is provided in addition to the accompanying consolidated financial statements and notes to assist readers in understanding our results of operations, financial condition, and cash flows. MD&A is organized as follows:

● **Overview**. Summary of our operations.

● **Plan of Operations**. A description of our plan of operations for the next 12 months including required funding.

● **Results of Operations**. An analysis of our financial results comparing the three months ended March 31, 2026 and 2025.

● **Liquidity and Capital Resources**. An analysis of changes in our consolidated balance sheets and cash flows and discussion of our financial condition.

● **Critical Accounting Policies and Estimates**. Accounting estimates that we believe are important to understanding the assumptions and judgments incorporated in our reported financial results and forecasts.

**<u>Overview</u>**

***<u>Current Plan of Operations</u>***

We currently plan to create and manage unique content, building sports communities around entertainment, media, wellness, education, commerce, and charitable efforts, with the goal of becoming a leading media and entertainment company in the world of racket sports.

By identifying opportunities for co-branding, partnering, and acquisitions, we plan to develop trusted brands in sports entertainment and bring them together under the Company's brand.

Our planned business model is designed around proprietary and curated content supported by planned sponsorships, brand relationships, live event hosting, e-commerce and merchandising, and licensing and media rights.

We currently plan to undertake the following, funding permitting:

***Digital Platform***

The Company has entered into several agreements with IBM Norge AS and International Business Machines Corporation (collectively, the "<u>IBM Parties</u>"), pursuant to which such entities have agreed to help us create an artificial intelligence (AI)-powered comprehensive digital platform designed to serve as the premier online community and wellness hub for enthusiasts of racket sports, including tennis, padel, and pickleball (the "<u>Platform</u>"). The Platform is initially expected to be accessible through the Company's website and in the future to be accessible as a mobile application (the "<u>App</u>").

The Platform is expected to be called "Agassi Intelligence", and be structured as a digital ecosystem designed to support player development, community engagement, and personalized experiences across racquet sports. The Platform is expected to include AI-powered coaching, swing analysis, and tailored equipment recommendations, beginning with tennis and expanding into pickleball and padel through a phased release strategy.

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The Platform is currently also expected to include what we are calling "Darren AI", which will allow users to change with an AI agent coded to think like Darren Cahill, Andre Agassi's former coach.

Our planned subscription-based Platform will aim to foster a holistic approach to racket sports participation, emphasizing not only performance tracking, but also physical, mental, and social well-being.

Key features of the platform are expected to include:

• Performance logging and analytics, enabling
 users to record matches, practice sessions, drills, and cross-training
 activities, with integration capabilities for wearables such as Apple Watch
 and Garmin devices to capture detailed statistics including time on court,
 rally counts, heart rate, training load, and shot speed.

• A robust community and social layer that is
 expected to allow users to follow friends, teammates, and local players;
 share match summaries, highlights, and achievements; and participate in
 challenges, leaderboards, and rankings at local club, city, and global
 levels, inspired by legendary figures such as Andre Agassi and Stefanie Graf,
 our largest stockholder and Brand Partner, respectively.

• Premium coaching and educational content,
 featuring short-form instructional videos and masterclasses drawing from the
 philosophies of prominent racket sports icons, along with curated training
 plans tailored to various skill levels from beginner to advanced, live
 question-and-answer sessions, ask-me-anything events, and occasional virtual
 interactions with professional players and coaches.

• Play and partner discovery functionality to
 connect users with compatible playing partners based on location, skill
 rating, and preferred racket sport, with planned future integrations (in
 later development phases) for direct booking with club facilities and event
 systems.

Through these integrated elements, the Platform will seek to position itself as the primary destination for racket sports health and wellness, extending beyond traditional scorekeeping or competition to support users' overall physical fitness, mental resilience, and social connections within the racket sports ecosystem.

Our platform has two main AI powered products, Swing Analysis AI and AI Coaching LLM.

• Our swing analysis is built using both open
 source and publicly available (licensable) computer vision models, and
 proprietary and internally developed models. The publicly available models
 power key point and object detection from video, where we can mitigate risk
 and try different models, or change licenses if needed. The proprietary models
 analyze the extracted data to provide personalized feedback to a user in a
 mobile app, these models have a carefully designed data pipeline which
 utilize the extracted key point data, which hence qualifies the utility of
 the open source models.

• The LLM experience is created in
 partnership with IBM & Delphi (proprietary technology from partners,
 respectively), handling the majority of the performance of the LLM experience
 for users. Our input to this model is carefully selected training data for
 text and voice, which helps us ensure the expected quality in coaching for
 users. We use a proprietary hierarchical coaching methodology on top of the
 extracted data to create a unique experience for the user. The methodology is
 not an AI model, but helps us mitigate both risk and hallucination from the
 LLM experience, by selecting and translating core coaching principles that we
 agree with.

The Platform, which is currently in beta testing, is currently planned to launch by the end of the second quarter of 2026, with a staggered roll-out of e-commerce (tennis racquets, paddles, sports nutrition, etc.), a personalized racquet/paddle recommender and an AI coaching model.

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The App launch is anticipated to occur in the third or fourth quarter of 2026, and is planned to include the same coaching AI feature, as well as swing analysis feedback, motivational challenges, progress tracking, and social sharing. While it is expected to initially focus on tennis, the Company's current goal is to expand all features of the app to pickleball and padel, in the future, with the goal of helping position the platform as a single hub for racquet sports.

The estimated cost for the digital platform is segmented into two elements. The first is the launch of "Darren AI". The costs associated with that launch are estimated to be $100,000. The second is the launch of "Agassi Intelligence", which we estimate to cost a total of approximately $2,400,000 to implement. Currently, IBM is in final development of the platform.

We hope that the Platform and App will create strong and recurring revenue streams, while also fostering a fun, thriving and informative racquet sports community on a global scale under the iconic Agassi brand.

***World Series of Pickleball***

On May 31, 2025, we acquired the rights to the trademark for "*<u>World Series of Pickleball</u>*" (the "<u>Trademark</u>"). Our current plans include launching the World Series of Pickleball, which is intended to be a new championship property owned and developed by the Company.

The Company hopes that the World Series of Pickleball, which is planned to feature a marquee open, a team-based championship week welcoming players of all skill levels from around the world, with prize purses and global celebrity participants, including involvement from Andre Agassi, alongside everyday competitors and professionals who choose to enter. The World Series of Pickleball is planned to be headquartered and launched in Las Vegas. The multi-day event is expected to bring together competitors from across the globe, supported by planned premium production, hospitality programming, and integrated media distribution which is expected to be designed to deliver a world-class experience for fans and partners.

The Company intends for the World Series of Pickleball to serve as a long-term commercial platform encompassing sponsorship, media rights, ticketing, hospitality, and strategic brand partnerships, and the Company is currently pursuing relationships with leading hospitality and media organizations to support distribution, audience growth, and sustained commercial expansion.

To date, the planning and production of the World Series of Pickleball is in its initial stages, and the Company does not currently have a timeline for the initial event, and has not entered into any material agreements in connection therewith, other than with service providers who are helping the Company plan the event, including TEAM Marketing AG, a Switzerland-based global leader in the development, sales and delivery of world-class sports events.

Costs associated with the World Series of Pickleball are expected to have a minimal impact on the Company's cash flow because of expected sponsorship agreements which we hope to enter into in connection with such planned event. As a result, we currently anticipate that substantially all expenses associated with the planned event will be covered by those agreements and associated sponsorship revenue sources.

***Facilities; Programs and Content***

The following are in the early stages of development, and we expect the World Series of Pickleball and our planned digital platform to take priority in the coming months:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Acquire, build and/or create physical facilities, leagues, tournaments, events, social communities, and merchandisers.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Develop strategic relationships with "Best of Class" operators and developers in key segments within the pickleball and padel communities through co-branding and acquisition opportunities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Develop our "ACE Program" of certifying facilities, social media communities, content creators, coaches, third-party leagues, and events under a planned marketing brand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Create and distribute proprietary and curated content through various media channels.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• IP development and collaboration.

We also plan to eventually launch a "Pickleball for All" charitable initiative to introduce, grow, and develop pickleball in underserved and disadvantaged communities across the United States. We expect to work with best of class brands to provide access to our "Fun for Free" courts and equipment in public parks, schools, and other locations that will serve as home courts to communities across the country for social wellness, practice, learning, and pickleball fun for all. We plan to work with select merchandisers and retailers to create quality equipment and offer merchandise at price points which will appeal to beginners and families, with a portion of the revenue to be reinvested into the Pickleball for All program.

***<u>Material Agreements/Transactions</u>***

*<u>Statement of Work</u>*

On July 2, 2025, the Company entered into a Statement of Work (the "<u>SOW</u>") with IBM Norge AS ("<u>IBM</u>"), pursuant to which IBM agreed to support, and provide services to the Company in connection with, the Company's goal of launching a state-of-the-art racquet sport experience, including design and digital product concept services.

The SOW sets forth project responsibilities, timelines and milestones. The project is expected to start on July 7, 2025, and to be completed on or before October 30, 2025, and the Company has agreed to pay IBM $75,000 in consideration for services rendered pursuant to the SOW, payable upon the completion of certain project milestones as described in greater detail in the SOW. The SOW may be terminated by either party with 30 days prior written notice. The SOW was completed and $75,000 was paid in 2025.

*<u>Collaboration and Licensing Agreement</u>*

On July 10, 2025, the Company entered into a Collaboration and Licensing Agreement (the "<u>Collaboration Agreement</u>") with Sport Squad, Inc., which entity owns JOOLA.

Pursuant to the Collaboration Agreement, the parties confirmed their intention to identify various ventures (collectively "<u>Ventures</u>", each a "<u>Venture</u>") which they might pursue together. Each party may suggest a Venture to the other, and if there is mutual interest, the parties agree to discuss in good faith how they might best collaborate and how such Venture can best be brought to fruition, including the preferred path of development, production and exploitation. Neither party shall be obligated to pursue any particular Venture, or any specific number of Ventures.

Ventures may include, without limitation, the development of products or product lines, live events, exhibitions, competitions and tournaments, wellness projects, and content for exploitation in and across various media. It is anticipated that certain Ventures will involve the use of iconic brands, logos, and related trademarks, and/or the name, image and likeness rights of various athletes and celebrities. The acquisition or licensing of the rights in and to any brands, logos, and/or trademarks, and the name, image, and likeness (NIL) rights of celebrities and athletes will be the sole responsibility of the Company to obtain.

The Collaboration Agreement continues in effect until terminated by either party thereto with written notice to the non-terminating party and includes customary confidentiality obligations of the parties.

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No Ventures have been identified as of the date of this Report.

*<u>Partnership Agreement for Consulting Services</u>*

On October 31, 2025, the Company entered into a Partnership Agreement for Consulting Services (the "<u>Services Agreement</u>") and a Commitment Agreement (the "<u>Commitment Agreement</u>") with IBM. Pursuant to the Services Agreement, IBM will provide us certain consulting services to be described in one or more statements of work. The first statement of work, entered into simultaneously with the Services Agreement ("<u>SoW 1</u>"), provides for IBM to create a website, mobile application, e-commerce, and A.I.-powered video analysis model for the Company (the "<u>A.I. Model</u>") designed to serve the racquet sports community and create multiple revenue streams between November 1, 2025 and June 30, 2026, in exchange for a total payment of $2,134,716, payable in monthly installments in accordance with the terms of SoW 1, including $100,000 within 15 days after invoice from IBM, for each of November and December 2025, and January and February 2026, with $204,387 due before February 28, 2026 and $613,161 before March 20, 2026, and $229,292 due for each month of March through June 2026. We are also required to reimburse certain travel expenses, living expenses, and reasonable expenses incurred by IBM in connection with the services provided under SoW 1. To date, $604,387 has been paid under the Commitment Agreement.

We believe the partnership with IBM supports and will facilitate the acceleration of our mission to build a global commercial digital ecosystem around wellness, learning and entertainment. We expect the partnership, and the A.I. Model, to create strong and recurring revenue streams, while also fostering a fun, thriving and informative racquet sports community on a global scale under our iconic Agassi brand.

*<u>Brand Partner Agreement</u>*

On November 22, 2025, we entered into a Brand Partner Agreement with Stefanie Graf (the "<u>Brand Partner Agreement</u>"), who is the spouse of Andre Agassi, our largest shareholder, and who is a former professional tennis player who among numerous other accolades was ranked as the world No. 1 in women's singles by the Women's Tennis Association (WTA) for a record 377 weeks, and finished as the year-end No. 1 a record eight times, pursuant to which Ms. Graf (a "<u>Brand Partner</u>") has agreed to serve as a Company advisor, spokesperson, celebrity endorser and brand partner. Pursuant to the Brand Partner Agreement, the Brand Partner will (i) participate in certain Company projects and initiatives, subject to agreement as to scope and compensation in each instance; (ii) promote the Company's brand and content through public appearances, interviews, and social media activity, subject to mutual agreement as to each social media post; and (iii) provide advice and consultation upon Company request with respect to the Company's brand and content. The Brand Partner has also licensed her image, name and likeness to the Company for use in our public relations, advertising and marketing, on a worldwide basis, subject to the Brand Partner's right to disapprove of any particular use. The Brand Partner Agreement has a five-year term, subject to extension by mutual agreement.

In consideration for her services under the Brand Partner Agreement, we granted Ms. Graf warrants to purchase 1,000,000 shares of the Company's common stock at an exercise price of $5.50 per share (the "<u>Graf Warrants</u>"). The Graf Warrants vested immediately and have a five-year term. The Graf Warrants are exercisable as to one half of the shares of common stock immediately, and exercisable as to the remaining half of the shares of common stock one year following the grant date. The Graf Warrants may be exercised either by cash payment or via cashless exercise based on a formula set forth in the Graf Warrants.

The Brand Partner Agreement may be terminated by either party at any time, with or without cause, upon written notice. The Brand Partner Agreement includes customary representations of the parties and confidentiality provisions. The Company may assign its rights under the Brand Partner Agreement to an affiliate or in connection with the bona fide sale of the Company's business, whether by way of sale, merger or acquisition, but the Brand Partner Agreement is otherwise non-assignable.

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*<u>IBM Embedded Solution Agreement</u>*

On February 2, 2026, we and International Business Machines Corporation ("<u>International Business</u>") entered into an Embedded Solution Agreement – IBM Cloud Enterprise Savings PLAN ESA Transaction Document (the "<u>Embedded Solution Agreement</u>") and an Embedded Solution Agreement Attachment for Build Fund Cloud Credits (the "<u>Cloud Credits Attachment</u>").

Pursuant to the Embedded Solution Agreement, the Company plans to order and for International Business to integrate certain International Business cloud services in an AI-powered self-improvement mobile application for active tennis and pickleball players to be developed by the Company (the "<u>App</u>"), in exchange for a minimum payment commitment of $500,000 for the period between February 1, 2026 and January 31, 2027 (the "<u>First Commitment Period</u>") and $3,300,000 for the period between February 1, 2027 and January 31, 2031 (the "<u>Second Commitment Period</u>"). The initial $500,000 commitment is non-refundable and the subsequent $3,300,000 commitment will become non-refundable unless the Company terminates such commitment by written notice to International Business on or before December 31, 2026. The Embedded Solution Agreement has an initial term of one year and will automatically renew for an additional four years (unless the parties agree to a different renewal term), unless the Company terminates it by written notice to International Business on or before December 31, 2026. If International Business and the Company do not execute a renewal for the continued purchase of International Business cloud services after the initial renewal term, the Embedded Solution Agreement will continue on a month-to-month basis until terminated by either the Company or International Business upon 30 days' prior written notice. International Business will also provide technical support for its cloud services during the term.

Pursuant to the Cloud Credits Attachment, International Business will grant the Company up to $250,000 in cloud credits in three installments over the First Commitment Period, with each set of cloud credits expiring six months from the date the credits are applied. Cloud credits are to be used for development and testing of the Company's embedded solution as part of International Business's Build Fund Program. International Business may terminate the Company's cloud credits for any reason, in International Business's discretion, including if it determines that any information supporting the Company's eligibility for participation was untrue or if the Company breaches the terms of the Cloud Credits Attachment or the Embedded Solution Agreement.

***<u>Recent Funding Transactions</u>***

Between November 4, 2024 and November 7, 2024, the Company entered into a series of subscription agreements (the "<u>Subscription Agreements</u>"), in connection with a private placement offering to accredited investors (the "<u>Investors</u>"), which offering closed on November 7, 2024, and pursuant to which we raised aggregate gross proceeds of $2,500,000 (the "<u>Offering</u>"). Under the Subscription Agreements, the maximum amount of the Offering was $2,500,000, which amount was fully subscribed. In connection with the Offering, we sold to 23 Investors, an aggregate of 2,631,543 shares of our restricted common stock, par value $0.001 per share (the "<u>Shares</u>") for $0.95 per Share.

The Company currently plans to use the net proceeds from the Offering to advance business operations in the global racquet sports entertainment business, with an initial focus on consolidating, building and growing pickleball and Padel related opportunities, and for working capital and general corporate purposes.

On March 13, 2026, the Company entered into two Subscription Agreements with two accredited investors (the "<u>2026 Investors</u>"), pursuant to which the 2026 Investors purchased an aggregate of 80,000 shares of restricted common stock from the Company, for $5.00 per share, or a total of $400,000. The Subscription Agreements included customary representations and warranties of the Investors and the Company and provided piggyback registration rights for the investors.

One of the 2026 Investors was the Boreta Lifetime Trust, whose trustee is Ronald S. Boreta, the Company's President, Chief Executive Officer and director. The Boreta Trust purchased 50,000 shares of restricted common stock for $5.00 per share or $250,000 in aggregate.

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On April 28, 2026, the Company entered into a Subscription Agreement with Investments AKA, LLC, a limited liability company indirectly controlled by former professional tennis player Andre K. Agassi, 8-time Grand Slam winner, and the Company's largest stockholder ("<u>Investments AKA</u>"), pursuant to which Investments AKA purchased an aggregate of 50,000 shares of restricted common stock from the Company, for $5.00 per share, or a total of $250,000. The Subscription Agreement included customary representations and warranties of AKA and the Company and piggyback registration rights.

**<u>Plan of Operations</u>**

We had a working capital deficit of $873,810 as of March 31, 2026; mainly due to our current liabilities of $1,191,997. We expect to require funding in the future, including to complete payments due under our agreements with the IBM Parties, which require us to make payments to the IBM Parties under the Services Agreement and SoW 1 totaling approximately $2.1 million, payable in monthly installments in accordance with the terms of SoW 1, including $100,000 within 15 days after invoice from IBM, for each of November and December 2025, and January and February 2026, with $204,387 due before February 28, 2026 and $613,161 before March 20, 2026, and $229,292 due for each of March through June 2026, as discussed above. To date, $454,387 has been paid.

We plan on raising additional required funding through the sale of equity in the future, which is expected to be on similar terms as our recent $1,000,000 raised through the sale of common stock in March and April 2026. We anticipate that this capital will be sufficient to make all monthly payments to the IBM Parties under the Services Agreement.

We also hope to begin generating revenues in April 2026 from our Agassi Intelligence software, website and future expected sponsorship relations.

Notwithstanding the above, we may sell additional equity in the future, which may not be available on favorable terms, if at all, and may, if sold, cause significant dilution to existing stockholders. If we are unable to access additional capital moving forward, it may hurt our ability to grow and to generate revenues.

**<u>Results of Operations</u>**

***Results of Operations for the Three Months Ended March 31, 2026 Compared to the Three Months Ended March 31, 2025.***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We generated no revenues for the three months ended March 31, 2026 or 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the three months ended March 31, 2026 and 2025, we had general and administrative expenses, consisting of stock-based compensation, audit fees, amounts paid under the embedded solution agreement with the IBM Parties (as discussed above)(for the three months ended March 31, 2026) and miscellaneous administrative costs, that totaled $2,510,314 and $1,665,246, respectively, an increase of $845,065 from the prior period, which increase was mainly the result of an increase in accounts paid under the agreements with the IBM Parties, discussed above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We had a net loss of $2,510,314 and $1,665,246, for the three months ended March 31, 2026, and 2025, respectively, which net loss increased for the reason described above.

***<u>Liquidity and Capital Resources</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following table summarizes our current assets, liabilities, and working capital at March 31, 2026 and December 31, 2025.

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **March 31,** | **December 31,** | **Increase/** |  |
|  | **2026** | **2025** | **(Decrease) $** | **%** |
| Current assets | $318187 | $496375 | $(178188) | -35.9% |
| Current liabilities | $1191997 | $494400 | $697597 | 141.1% |
| Working capital (deficit) | $873810 | $(1975) | $875785 | -44,343.5% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The decrease of $875,785 in working capital was mainly due to an increase in accounts payable from the agreements with the IBM Parties, discussed above.

***Cash Flows***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We had $417,620 of net cash used in operating activities for the three months ended March 31, 2026, which was mainly due to $2,510,314 in net loss, offset by $981,455 of stock-based compensation expense, $706,176 of accounts payable and accrued expenses and $399,429 of prepaid expenses and other current assets. We had $247,761 of net cash used in operating activities for the three months ended March 31, 2025, which was mainly due to $1,665,246 in net loss, offset by $1,440,777 of stock-based compensation expense and $496 of depreciation expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We had $11,139 of net cash used in investing activities for the three months ended March 31, 2026, which was due solely to the purchase of IT equipment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We had $650,000 of net cash provided by financing activities for the three months ended March 31, 2026, which was solely due to proceeds from shares issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We do not currently have any additional commitments or identified sources of additional capital from third parties or from our officers, directors or majority stockholders. Additional financing may not be available on favorable terms, if at all.

In the future, we may be required to seek additional capital by selling additional debt or equity securities, or otherwise be required to bring cash flows in balance when we approach a condition of cash insufficiency. The sale of additional equity or debt securities, if accomplished, may result in dilution to our then stockholders. Financing may not be available in amounts or on terms acceptable to us, or at all. In the event we are unable to raise additional funding and/or obtain revenues sufficient to support our expenses, we may be forced to curtail or abandon our business operations, and any investment in the Company could become worthless.

***Going Concern***

The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2026, we had an accumulated deficit of $42,140,416. In addition, the Company's current liabilities exceed its current assets by $873,810 as of March 31, 2026.

The Company has no significant assets and continues to depend on equity raises to provide funds to pay its ongoing expenses. There can be no assurance however that the Company will be able to raise additional capital when needed, or at terms deemed acceptable, if at all. These factors raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the unaudited condensed financial statements are issued.

The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

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***Off-Balance Sheet Arrangements***

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

**<u>Critical Accounting Policies and Estimates</u>**

The preparation of financial statements and related disclosures in conformity with U.S. generally accepted accounting principles and the Company's discussion and analysis of its financial condition and operating results require the Company's management to make judgments, assumptions and estimates that affect the amounts reported. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates, and such differences may be material.

"<u>Note 2. Summary of Significant Accounting Policies</u>" in Part I, Item 1 of this Form 10-Q and "<u>Note 2. Summary of Significant Accounting Policies</u>" in the Notes to Financial Statements in Part II, Item 8, of the 2025 Annual Report, describe the significant accounting policies and methods used in the preparation of the Company's consolidated financial statements.

***Related party transactions***

Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.

 ****

***Stock-Based Compensation***

The Company accounts for stock-based compensation to employees in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 718, "Compensation-Stock Compensation". ASC 718 requires companies to measure the cost of employee services received in exchange for an award of equity instruments, including stock options, based on the grant date fair value of the award and to recognize it as compensation expense over the period the employee is required to provide service in exchange for the award, usually the vesting period. Stock option forfeitures are recognized at the date of employee termination.

***Recent Accounting Developments***

The Company believes there are no new accounting standards adopted but not yet effective that are relevant to the readers of our financial statements.

**Item 3. Quantitative and Qualitative Disclosures about Market Risk**

Pursuant to Item 305(e) of Regulation S-K (§ 229.305(e)), the Company is not required to provide the information required by this Item as it is a "<u>smaller reporting company,</u>" as defined by Rule 229.10(f)(1).

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**Item 4. Controls and Procedures**

*<u>Evaluation of Disclosure Controls and Procedures</u>*

We have established and maintain a system of disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act, that is designed to provide reasonable assurance that information required to be disclosed in our reports filed with the Securities and Exchange Commission pursuant to the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Commission and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, who are our principal executive officer (CEO) and principal financial/accounting officer (CFO), respectively, to allow timely decisions regarding required disclosures.

In connection with the preparation of this Quarterly Report on Form 10-Q, our management, with the participation of our CEO (our Principal Executive Officer) and CFO (Principal Financial/Accounting Officer), carried out an evaluation of the effectiveness of our disclosure controls and procedures as of March 31, 2026, as required by Rules 13a-15(e) and 15d-15(e) of the Exchange Act. Based on the evaluation described above, our management, including our Principal Executive Officer and Principal Financial/Accounting Officer, concluded that, as of March 31, 2026, our disclosure controls and procedures were not effective. That was because at March 31, 2026, we did not have sufficient personnel to allow segregation of duties to ensure the completeness or accuracy of our information. Due to the size of the Company and its limited operations, we are unable to remediate this deficiency until we raise additional funding and expand our operations.

*<u>Changes in Internal Control Over Financial Reporting</u>*

We regularly review our system of internal control over financial reporting to ensure we maintain an effective internal control environment. There were no changes in our internal control over financial reporting that occurred during the quarter ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

*<u>Limitations on Effectiveness of Controls and Procedures</u>*

The Company's disclosure controls and procedures are designed to provide the Company's Chief Executive Officer and Chief Financial Officer with reasonable assurances that the Company's disclosure controls and procedures will achieve their objectives. However, the Company's management does not expect that the Company's disclosure controls and procedures or the Company's internal control over financial reporting can or will prevent all human error. A control system, no matter how well designed and implemented, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Furthermore, the design of a control system must reflect the fact that there are internal resource constraints, and the benefit of controls must be weighed relative to their corresponding costs. Because of the limitations in all control systems, no evaluation of controls can provide complete assurance that all control issues and instances of error, if any, within the Company are detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur due to human error or mistake. Additionally, controls, no matter how well designed, could be circumvented by the individual acts of specific persons within the organization. The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated objectives under all potential future conditions.

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**Part II – Other Information**

**Item 1. Legal Proceedings**

Although we may, from time to time, be involved in litigation and claims arising out of our operations in the normal course of business, we are not currently a party to any material legal proceeding. In addition, we are not aware of any material legal or governmental proceedings against us or contemplated to be brought against us.

**Item 1A. Risk Factors**

There have been no material changes from the risk factors previously disclosed in Part I, Item 1A of the Company's Form 10-K for the year ended December 31, 2025, filed with the Commission on March 31, 2026 (the "<u>Form 10-K</u>"), under the heading "<u>Risk Factors</u>", and investors should review the risks provided in the Form 10-K, prior to making an investment in the Company. The business, financial condition and operating results of the Company can be affected by a number of factors, whether currently known or unknown, including but not limited to those described in the Form 10-K, under "<u>Risk Factors</u>", any one or more of which could, directly or indirectly, cause the Company's actual financial condition and operating results to vary materially from past, or from anticipated future, financial conditions and operating results. Any of these factors, in whole or in part, could materially and adversely affect the Company's business, financial condition, operating results and stock price.

**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds**

*<u>Unregistered Sales of Equity Securities</u>*

There have been no sales of unregistered securities during the quarter ended March 31, 2026 and from the period from April 1, 2026 to the filing date of this Report that have not previously been disclosed in a Current Report on Form 8-K, except as discussed below:

On February 6, 2026, the Company issued an aggregate of 19,223 shares of common stock of the Company to an individual upon the conversion (effective December 31, 2024), of all principal and interest due under a $7,500 convertible promissory note dated September 30, 2024, held by the individual as of December 31, 2024, and pursuant to the conversion rights set forth in such convertible promissory note, including a conversion price of $0.40 per share. We claim an exemption from registration provided by Section 3(a)(9) of the Securities Act for the conversion of the convertible note and the issuance of the conversion shares, as the securities were exchanged by us with our existing security holder in a transaction where no commission or other remuneration was paid or given directly or indirectly for soliciting such exchange.

On March 30, 2026, the Company entered into a Subscription Agreement with an accredited investor (the "<u>Investor</u>"), pursuant to which the Investor purchased an aggregate of 50,000 shares of restricted common stock from the Company, for $5.00 per share, or a total of $250,000. The Subscription Agreements included customary representations and warranties of the Investor and the Company. The Subscription Agreement also provided the Investor three year piggyback registration rights. Pursuant to a side letter entered into with the Investor at the time of the subscription, the Investor was also granted demand registration rights, in the event that the shares purchased by the Investor were not already registered under the Securities Act or available for sale under Rule 144 one year from the date of the sale, and we also granted the Investor first opportunity rights with respect to the sale of pickleball equipment at World Series of Pickleball events, the specific terms of which will be negotiated in good faith by the parties and a free basic sponsorship placement in the Company's inaugural World Series of Pickleball event, which the Company expects to occur next year. The Company claims an exemption from registration for the issuance of the shares to the Investor pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act, since the offer and sale of such shares did not involve a public offering and the recipient was an "<u>accredited investor</u>" and had access to similar information as would be included in a registration statement under the Securities Act. The securities were offered without any general solicitation by us or our representatives. The securities offered have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act. No sales commissions were paid in connection with the sales of these securities.

29<br>

On April 16, 2026, the Company entered into a letter agreement with an investor relations firm pursuant to which the firm agreed to provide investor relations services to the Company for an initial term of three months, automatically extending thereafter until either party provides the other at least 30 days' notice of termination. Pursuant to the agreement, we agreed to pay the service provider $6,000 a month in cash and 19,149 shares of restricted common stock of the Company, issuable 1/4<sup>th</sup> upon execution of the agreement, which shares the Company is in the process of issuing and the remaining 3/4<sup>th</sup> of the shares at the rate of 1/3<sup>rd</sup> of such shares on each of June 30, 2026, September 30, 2026 and December 31, 2026, to the extent the agreement remains in place and the service provider is still providing services to the Company on such dates. The agreement contains customary representations of the parties and confidentiality obligations of the service provider and requires us to indemnify the service provider against certain claims and liabilities in connection with the services, subject to customary exceptions. The Company claims an exemption from registration for the issuance of the shares to the service provider pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act, since the offer and sale of such shares did not involve a public offering and the recipient was an "accredited investor" and had access to similar information as would be included in a registration statement under the Securities Act. The securities were offered without any general solicitation by us or our representatives. The securities offered have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act. No sales commissions were paid in connection with the sales of these securities.

On April 27, 2026, the Company granted warrants to purchase 50,000 shares of common stock of the Company to a financial advisor in consideration for services agreed to be rendered. The warrants have an exercise price of $5.00 per share, a term of five years, and cashless exercise rights. The Company claims an exemption from registration for the grant of the warrants pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act, since the offer and sale of such warrants did not involve a public offering and the recipient was an "accredited investor" and had access to similar information as would be included in a registration statement under the Securities Act. The securities were offered without any general solicitation by us or our representatives. The securities offered have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act. No sales commissions were paid in connection with the sales of these securities.

On May 9, 2026, the Company entered into a consulting agreement with an investor relations consulting service provider which has a term of six months. Pursuant to the agreement, the Company agreed to issue the consultant 60,000 shares of restricted common stock, with 10,000 shares earned and issuable each month the agreement is in place. The agreement includes customary representations and warranties of the parties and confidentiality obligations of the consultant, and granted piggyback registration rights to the consultant which remain in place until May 1, 2027. The Company claims an exemption from registration for the issuance of the shares to the consultant pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act, since the offer and sale of such shares did not involve a public offering and the recipient was an "accredited investor" and had access to similar information as would be included in a registration statement under the Securities Act. The securities were offered without any general solicitation by us or our representatives. The securities offered have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act. No sales commissions were paid in connection with the sales of these securities.

*<u>Use of Proceeds From Sale of Registered Securities</u>*

None.

30<br>

*<u>Purchases of Equity Securities by the Issuer and Affiliated Purchasers</u>*

None.

**Item 3. Defaults Upon Senior Securities**

None.

**Item 4. Mine Safety Disclosures**

Not applicable.

**Item 5. Other Information.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) *Form 8-K Information*. The information and disclosures which are set forth above under "<u>Part II, Item 2. Unregistered Sales of Equity Securities and Use of Proceeds</u>", are incorporated by reference into this "<u>Item 5. Other Information</u>", in their entirety, and shall serve as disclosure of such information pursuant to <u>Item 3.02</u> of Form 8-K .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Rule *10b5*-*1*(c) Trading Plans.* Our director and executive officer *may* from time to time enter into plans or other arrangements for the purchase or sale of our shares that are intended to satisfy the affirmative defense conditions of Rule *10b5*-*1*(c) or *may* represent a non-Rule *10b5*-*1* trading arrangement under the Exchange Act. During the quarter ended *March 31, 2026,* none of the Company's directors or officers (as defined in Rule *16a*-*1*(f)) adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule *10b5*-*1*(c) or any "non-Rule *10b5*-*1* trading arrangement."

31<br>

**Item 6. Exhibits**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | **Incorporated By Reference** | **Incorporated By Reference** | **Incorporated By Reference** | **Incorporated By Reference** |
| **Exhibit**<br>**Number** | <br>**Description of Exhibit** | **Filed/**<br>**Furnished**<br>**Herewith** | **Form** | **Exhibit** | **Filing** <br>**Date** | **File Number** |
| [10.1#♦](https://www.sec.gov/Archives/edgar/data/930245/000147237526000012/exhibit10-1.htm) | [Embedded Solution Agreement – IBM Cloud Enterprise Savings PLAN ESA Transaction Document dated February 2, 2026, by and between Agassi Sports Entertainment Corp. and International Business Machines Corporation](https://www.sec.gov/Archives/edgar/data/930245/000147237526000012/exhibit10-1.htm) |  | 8-K | 10.1 | 2/3/2026 | 000-24970 |
| [10.2#](https://www.sec.gov/Archives/edgar/data/930245/000147237526000095/exhibit10-2.htm) | [Embedded Solution Agreement Attachment for Build Fund Cloud Credits dated February 2, 2026, by and between Agassi Sports Entertainment Corp. and International Business Machines Corporation](https://www.sec.gov/Archives/edgar/data/930245/000147237526000012/exhibit10-2.htm) |  | 8-K | 10.2 | 2/3/2026 | 000-24970 |
| [10.3†](https://www.sec.gov/Archives/edgar/data/930245/000147237526000095/exhibit10-1.htm) | [Executive Employment Agreement dated March 25, 2026, by and between Agassi Sports Entertainment Corp. and Ronald S. Boreta](https://www.sec.gov/Archives/edgar/data/930245/000147237526000095/exhibit10-1.htm) |  | 8-K | 10.1 | 3/26/2026 | 000-24970 |
| [10.4†](https://www.sec.gov/Archives/edgar/data/930245/000147237526000095/exhibit10-2.htm) | [Agassi Sports Entertainment Corp. 2026 Equity Incentive Plan](https://www.sec.gov/Archives/edgar/data/930245/000147237526000095/exhibit10-2.htm) |  | 8-K | 10.2 | 3/26/2026 | 000-24970 |
| [10.5](https://www.sec.gov/Archives/edgar/data/930245/000147237526000130/exhibit10-1.htm) | [Form of Agassi Sports Entertainment Corp. Subscription Agreement](https://www.sec.gov/Archives/edgar/data/930245/000147237526000130/exhibit10-1.htm) |  | 8-K | 10.1 | 4/30/2026 | 000-24970 |
| [10.6†](https://www.sec.gov/Archives/edgar/data/930245/000147237526000122/exhibit99-4.htm) | [Form of RSU Award Grant Notice and Award Agreement (2026 Equity Incentive Plan)](https://www.sec.gov/Archives/edgar/data/930245/000147237526000122/exhibit99-4.htm) |  | S-8 | 99.4 | 4/16/2026 | 333-295102 |
| [31.1\*](exhibit31-1.htm) | [Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act](exhibit31-1.htm) | [X] |  |  |  |  |
| [31.2\*](exhibit31-2.htm) | [Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act](exhibit31-2.htm) | [X] |  |  |  |  |
| [32.1\*\*](exhibit32-1.htm) | [Certification of Principal Officer Pursuant to Section 906 of the Sarbanes-Oxley Act](exhibit32-1.htm) | [X] |  |  |  |  |
| [32.2\*\*](exhibit32-2.htm) | [Certification of Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act](exhibit32-2.htm) | [X] |  |  |  |  |
| 101.INS\* | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document | [X] |  |  |  |  |
| 101.SCH\* | XBRL Taxonomy Extension Schema Document | [X] |  |  |  |  |
| 101.CAL\* | XBRL Taxonomy Extension Calculation Linkbase Document | [X] |  |  |  |  |
| 101.DEF\* | XBRL Taxonomy Extension Definition Linkbase Document | [X] |  |  |  |  |
| 101.LAB\* | XBRL Taxonomy Extension Label Linkbase Document | [X] |  |  |  |  |
| 101.PRE\* | XBRL Taxonomy Extension Presentation Linkbase Document | [X] |  |  |  |  |
| 104\* | Inline XBRL for the cover page of this Quarterly Report on Form 10-Q included in the Exhibit 101 Inline XBRL Document Set | [X] |  |  |  |  |

---

\* Filed herewith.

\*\* Furnished herewith.

† Exhibit constitutes a management contract or compensatory plan or agreement.

# Certain confidential portions of this Exhibit were omitted by means of marking such portions with brackets ("[\*\*\*]") because the identified confidential portions (i) are not material and (ii) the Company customarily and actually treats that information as private or confidential.

♦ Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of such schedules and exhibits, or any section thereof, to the SEC upon request; provided, however, that the Company may request confidential treatment pursuant to Rule 24b-2 under the Exchange Act for any exhibits or schedules so furnished.

32<br>

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Agassi Sports Entertainment Corp.** | **Agassi Sports Entertainment Corp.** |
| Date: May 13, 2026 | By: | */s/ Ronald Boreta* |
|  |  | Ronald Boreta |
|  |  | Chief Executive Officer, President and Treasurer |
|  |  | (Principal Executive Officer) |

---

------

## Exhibit 31.1

------

**Exhibit 31.1**

**Certification of Principal Executive Officer**

I, Ronald S. Boreta, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this Quarterly Report on Form 10-Q of Agassi Sports
 Entertainment Corp. (the " <u>registrant</u> ");

2. Based on my knowledge, this report does not contain any untrue
 statement of a material fact or omit to state a material fact necessary to
 make the statements made, in light of the circumstances under which such
 statements were made, not misleading with respect to the period covered by
 this report;

3. Based on my knowledge, the financial statements, and other financial
 information included in this report, fairly present in all material respects
 the financial condition, results of operations and cash flows of the registrant
 as of, and for, the periods presented in this report;

4. The Registrant's other certifying officer(s) and I are responsible
 for establishing and maintaining disclosure controls and procedures (as
 defined in Exchange Act Rules 13a-15(e) and 15d-15(e)), and internal
 control over financial reporting (as defined in Exchange Act Rules
 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such
 disclosure controls and procedures to be designed under our supervision, to
 ensure that material information relating to the registrant, including its
 consolidated subsidiaries, is made known to us by others within those
 entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused
 such internal control over financial reporting to be designed under our
 supervision, to provide reasonable assurance regarding the reliability of
 financial reporting and the preparation of financial statements for external
 purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls
 and procedures and presented in this report our conclusions about the
 effectiveness of the disclosure controls and procedures, as of the end of the
 period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal
 control over financial reporting that occurred during the registrant's most
 recent fiscal quarter (the registrant's fourth fiscal quarter in the case of
 an annual report) that has materially affected, or is reasonably likely
 to materially affect, the registrant's internal control over financial
 reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Registrant's other certifying officer(s) and I have disclosed,
 based on our most recent evaluation of internal control over financial
 reporting, to the registrant's auditors and the audit committee of the
 registrant's board of directors (or persons performing the equivalent
 functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or
 operation of internal control over financial reporting which are reasonably
 likely to adversely affect the registrant's ability to record, process,
 summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other
 employees who have a significant role in the registrant's internal control
 over financial reporting.

---

| |
|:---|
| Date: May 13, 2026 |
| */s/ Ronald Boreta* |
| Ronald S. Boreta |
| President and Chief Executive Officer |
| (Principal Executive Officer) |

---

------

## Exhibit 31.2

------

**Exhibit 31.2**

**Certification of Principal Financial Officer**

I, Shawn Cable, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this Quarterly Report on Form 10-Q of Agassi Sports
 Entertainment Corp. (the " <u>registrant</u> ");

2. Based on my knowledge, this report does not contain any untrue
 statement of a material fact or omit to state a material fact necessary to make
 the statements made, in light of the circumstances under which such
 statements were made, not misleading with respect to the period covered by
 this report;

3. Based on my knowledge, the financial statements, and other financial
 information included in this report, fairly present in all material respects
 the financial condition, results of operations and cash flows of the
 registrant as of, and for, the periods presented in this report;

4. The Registrant's other certifying officer(s) and I are responsible
 for establishing and maintaining disclosure controls and procedures (as
 defined in Exchange Act Rules 13a-15(e) and 15d-15(e)), and internal
 control over financial reporting (as defined in Exchange Act Rules
 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such
 disclosure controls and procedures to be designed under our supervision, to
 ensure that material information relating to the registrant, including its
 consolidated subsidiaries, is made known to us by others within those
 entities, particularly during the period in which this report is being
 prepared;

b) Designed such internal control over financial reporting, or caused
 such internal control over financial reporting to be designed under our
 supervision, to provide reasonable assurance regarding the reliability of
 financial reporting and the preparation of financial statements for external
 purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls
 and procedures and presented in this report our conclusions about the
 effectiveness of the disclosure controls and procedures, as of the end of the
 period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal
 control over financial reporting that occurred during the registrant's most
 recent fiscal quarter (the registrant's fourth fiscal quarter in the case of
 an annual report) that has materially affected, or is reasonably likely
 to materially affect, the registrant's internal control over financial
 reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Registrant's other certifying officer(s) and I have disclosed,
 based on our most recent evaluation of internal control over financial
 reporting, to the registrant's auditors and the audit committee of the
 registrant's board of directors (or persons performing the equivalent
 functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or
 operation of internal control over financial reporting which are reasonably
 likely to adversely affect the registrant's ability to record, process,
 summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other
 employees who have a significant role in the registrant's internal control
 over financial reporting.

---

| |
|:---|
| Date: May 13, 2026 |
| /s/ *Shawn Cable* |
| Shawn Cable |
| Chief Financial Officer |
| (Principal Financial/Accounting Officer) |

---

------

## Exhibit 32.1

------

**Exhibit 32.1**

**Certification of Principal Executive Officer**

**Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of The Sarbanes-Oxley Act of 2002**

I, Ronald S. Boreta, certify, as of the date hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Agassi Sports Entertainment Corp. on Form 10-Q for the quarter ended March 31, 2026, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of Agassi Sports Entertainment Corp. at the dates and for the periods indicated.

---

| |
|:---|
| Dated: May 13, 2026 |
| */s/ Ronald Boreta* |
| Ronald S. Boreta |
| President and Chief Executive Officer |
| (Principal Executive Officer) |

---

*A signed original of this written statement required by Section 906 has been provided to Agassi Sports Entertainment Corp. and will be retained by Agassi Sports Entertainment Corp. and furnished to the Securities and Exchange Commission or its staff upon request.*

------

## Exhibit 32.2

------

**Exhibit 32.2**

**Certification of Principal Financial Officer**

**Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of The Sarbanes-Oxley Act of 2002**

I, Shawn Cable, certify, as of the date hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Agassi Sports Entertainment Corp. on Form 10-Q for the quarter ended March 31, 2026, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of Agassi Sports Entertainment Corp. at the dates and for the periods indicated.

---

| |
|:---|
| Dated: May 13, 2026 |
| /s/ *Shawn Cable*  |
| Shawn Cable |
| Chief Financial Officer |
| (Principal Financial/Accounting Officer) |

---

*A signed original of this written statement required by Section 906 has been provided to Agassi Sports Entertainment Corp. and will be retained by Agassi Sports Entertainment Corp. and furnished to the Securities and Exchange Commission or its staff upon request.*

------