Agassi Sports Entertainment Corp. (AASP) changed its name from Global Acquisitions Corporation on March 31, 2025, and ceased being a shell company on May 31, 2025. The company is strategically pivoting to become a leader in the global sports entertainment and media industry, with an initial focus on high-growth court sports like pickleball and padel. AASP is developing an AI-powered comprehensive digital platform, 'Agassi Intelligence,' and a mobile application, expected to launch by Q2 2026 and Q3/Q4 2026, respectively. The company acquired the trademark for 'World Series of Pickleball' on May 31, 2025, with plans to launch a new championship property headquartered in Las Vegas. A net loss of $9,491,534 was reported for the year ended December 31, 2025, a substantial increase from $793,749 in 2024. The accumulated deficit reached $39,630,102 as of December 31, 2025. Working capital significantly decreased from $2,272,365 in 2024 to $1,975 in 2025. Independent auditors expressed 'substantial doubt about the Company's ability to continue as a going concern' due to recurring losses and negative cash flows. Significant stock-based compensation expense of $7,232,145 was incurred in 2025, contributing to the net loss. The company has substantial future payment obligations to IBM, including approximately $2.1 million for platform development and a minimum $500,000 commitment for cloud services in the first year (Feb 2026-Jan 2027), followed by $3.3 million (Feb 2027-Jan 2031). Stefanie Graf, spouse of Andre Agassi (the largest stockholder), joined as a Brand Partner, receiving warrants to purchase 1,000,000 shares. Material weaknesses were identified in internal control over financial reporting and disclosure controls and procedures due to insufficient personnel for segregation of duties.