SCHEDULE: John Boreta Shifts Agassi Sports Stake to Passive 6%

John Boreta has transitioned his beneficial ownership in Agassi Sports Entertainment Corp. to a passive 6.0% stake, dissolving a previous reporting group.

Summary

• John Boreta now beneficially owns 591,735 shares of Agassi Sports Entertainment Corp. common stock.
• This represents 6.0% of the company's outstanding common stock.
• The percentage is based on 9,785,056 shares outstanding as of August 13, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.
• Boreta previously reported his ownership as part of a group on a Schedule 13D filed on July 5, 2025.
• He is no longer part of that group, which included Ronald S. Boreta, All-American Golf Center, Inc., and Boreta Enterprises, Ltd.
• Boreta no longer beneficially owns securities held by All-American Golf Center, Inc. or Boreta Enterprises, Ltd.
• The filing indicates a passive investment intent, stating the securities are not held to change or influence control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. The filing is a routine disclosure of a change in beneficial ownership reporting status, from an active group (Schedule 13D) to a passive individual (Schedule 13G). While the dissolution of the group might be seen as a slight negative, the passive intent is generally neutral.

Positives

• The transition to a Schedule 13G indicates a passive investment intent from John Boreta, potentially reducing concerns about activist pressure or control changes.

Negatives

• The dissolution of the reporting group and the reduction in John Boreta's reported beneficial ownership (by excluding shares held by All-American Golf Center, Inc. and Boreta Enterprises, Ltd.) could be interpreted as a decrease in overall insider alignment or a reduction in a larger block of shares previously reported together.

Risks

• Potential for misinterpretation of the change in reporting status from Schedule 13D to Schedule 13G, which might be seen as a reduction in commitment or influence by a significant shareholder.

Future Outlook

The filing explicitly states that the securities are not held for the purpose of changing or influencing the control of the issuer, indicating a passive investment stance from John Boreta going forward.

Industry Context

This filing is a routine disclosure of a significant shareholder's ownership stake and a change in their reporting status from an active (Schedule 13D) to a passive (Schedule 13G) investor. Such shifts are common and generally indicate that the investor no longer intends to influence management or control, aligning with typical passive investment strategies rather than active engagement.

Stakeholder Impact

• Shareholders: The shift to a passive 6.0% stake by John Boreta indicates less potential for activist intervention or control changes from this specific shareholder, which could be viewed positively by some seeking stability or negatively by those hoping for shareholder-driven changes.

Key Dates

Recommendation

The filing primarily details a change in reporting status for a significant shareholder, John Boreta, from a Schedule 13D (active intent) to a Schedule 13G (passive intent), and the dissolution of a previous reporting group. This indicates a reduced likelihood of activist pressure or control-seeking activities from this shareholder. While the reduction in the reported group's aggregate ownership might be a minor concern, the passive stance is generally neutral. There are no new financial metrics or strategic updates to warrant a change in investment thesis based solely on this filing, thus a 'hold' recommendation is appropriate.

Keywords

Agassi Sports Entertainment Corp, John Boreta, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Shareholder, SEC Filing