Ebet, INC

EBET Inc. has completed a foreclosure sale of its key assets, including its Karamba Limited subsidiary and associated websites, leading to the resignation of its board and management.

EBET Inc. is facing a public auction of its key assets, including its online gaming platforms, due to a loan default.

EBET Inc. is facing likely foreclosure and cessation of operations after a lender terminated a forbearance agreement, triggering immediate repayment of over $37 million in debt.

EBET Inc. has changed its independent registered public accounting firm, dismissing BF Borgers CPA, PC and appointing Astra Audit & Advisory, LLC.

EBET Inc. has increased its revolving line of credit to $11 million while navigating a forbearance agreement and a recent arbitration award.

EBET Inc.'s Q2 2024 revenue decreased significantly due to business restructuring, the loss of the German market, and faces substantial doubt about its ability to continue as a going concern.

EBET Inc.'s Q1 2024 revenue decreased significantly due to business restructuring, the loss of the German market, and reduced marketing efforts, while the company continues to address its going concern status through cost-cutting and financing efforts.

EBET, Inc. has filed an amendment to its annual report to include information previously omitted regarding directors, executive compensation, and related matters.

EBET Inc.'s annual report reveals significant financial losses, a strategic review, and ongoing efforts to restructure debt, highlighting the company's struggle to achieve profitability.