SCHEDULE 13D/A: Andre Agassi Entities Boost Stake in Agassi Sports Entertainment Corp. to 21.9% Through Warrant Vesting

Entities associated with tennis legend Andre Agassi have increased their beneficial ownership in Agassi Sports Entertainment Corp. to 21.9% following the expected vesting of additional warrants.

Summary

• This Amendment No. 3 to Schedule 13D reports an increase in beneficial ownership by Investments AKA, LLC, Agassi Ventures, LLC, The Andre Agassi Trust, and Andre K. Agassi (collectively, the "Reporting Persons") in Agassi Sports Entertainment Corp.
• The increase is primarily due to the expected vesting of warrants to purchase 352,709 shares of Common Stock on July 3, 2025.
• As of May 7, 2025, the Reporting Persons beneficially own an aggregate of 2,294,584 shares of Common Stock, which represents 21.9% of the Issuer's outstanding common stock.
• This total includes 705,417 shares issuable upon the exercise of warrants, which were issued on July 3, 2024, to Investments AKA, LLC at an exercise price of $0.397 per share.
• The warrants were issued in connection with services provided, and to be provided, by Andre K. Agassi, with no cash involved in their acquisition.

Sentiment

Score: 7

Explanation: The filing indicates a continued and increasing significant stake by Andre Agassi and his associated entities, which can be viewed positively by investors as a sign of confidence. The increase is due to the expected vesting of warrants, which is a pre-planned event.

Positives

• The Reporting Persons' beneficial ownership increased to 21.9%, indicating continued significant interest and a substantial stake in Agassi Sports Entertainment Corp.
• The vesting of warrants signifies the fulfillment of prior agreements related to services provided by Andre K. Agassi, reinforcing his commitment to the company.
• No sales or dispositions of shares by the Reporting Persons were reported in the last sixty days, suggesting a stable holding pattern.

Risks

• The document does not explicitly mention specific risks related to the Issuer or the Reporting Persons' investment, beyond the general statement that the Reporting Persons do not have plans for actions that would result in extraordinary corporate transactions, asset sales, management changes, or changes in capitalization or dividend policy, "except as may occur in the ordinary course of business of the Issuer."

Future Outlook

The Reporting Persons state that they may, in the future, purchase or acquire additional securities or dispose of some or all of their currently owned securities, depending on general market and economic conditions and other relevant factors. However, they currently have no specific plans or proposals for extraordinary corporate transactions, material asset sales, changes in management or board, capitalization or dividend policy changes, or other material changes to the Issuer's business or corporate structure, beyond what may occur in the ordinary course of business.

Industry Context

This filing is a standard disclosure of a significant shareholder's beneficial ownership and changes, common in the financial industry. It does not provide information to analyze broader industry trends or competitive landscape for Agassi Sports Entertainment Corp.

Comparison to Industry Standards

• NA

Related Party Transactions

• The Issuer issued warrants to Investments AKA, LLC (an entity related to Andre K. Agassi, a Reporting Person) to purchase 705,417 shares of Common Stock.
• These warrants were issued in connection with services provided, and to be provided, by Andre K. Agassi, either individually or through AKA (or a related entity), with no cash involved in the acquisition of the warrants.

Stakeholder Impact

• Shareholders: The increased beneficial ownership by Andre Agassi and his entities may be perceived as a positive signal, indicating strong insider confidence and alignment of interests. It could potentially enhance investor confidence.
• Management: The continued significant stake by Andre Agassi suggests his ongoing involvement and commitment to the company's direction.

Next Steps

• The vesting of 352,709 warrants is expected on July 3, 2025, which will allow for their exercise into common stock.
• The Reporting Persons retain the right to change their investment intent and may acquire or dispose of additional securities in the future.

Key Dates

Keywords

Agassi Sports Entertainment Corp, Andre Agassi, Schedule 13D, beneficial ownership, warrants, common stock, SEC filing, insider ownership, investment, corporate governance