Form 4: Significant Shareholder John Boreta Divests All Beneficial Ownership in Agassi Sports Entertainment Corp.
Insider Transaction Report
John Boreta has reported the complete divestment of his direct and indirect beneficial ownership in Agassi Sports Entertainment Corp., transferring holdings to his brother and relinquishing control over shares held by associated entities.
Summary
- John Boreta is no longer subject to Section 16 obligations of the Securities Exchange Act of 1934.
- Effective June 30, 2025, John Boreta assigned all ownership of All-American Golf Center, Inc. to his brother, Ronald Boreta, in a private transaction.
- As a result of this assignment, John Boreta no longer beneficially owns or controls All-American Golf Center, Inc., nor the 1,495,390 shares of Agassi Sports Entertainment Corp. common stock held by that entity.
- John Boreta has determined he no longer has voting or dispositive control over the 360,784 shares of common stock held by Boreta Enterprises, Ltd., where he was a minority member.
- Following these transactions, John Boreta's direct beneficial ownership of 591,735 shares of Agassi Sports Entertainment Corp. common stock has been reduced to zero.
- John Boreta now beneficially owns 0 shares of Agassi Sports Entertainment Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a factual report of a change in beneficial ownership, not inherently positive or negative for the company's operational or financial outlook.
Negatives
- John Boreta, who was previously a 10% owner, has divested all beneficial ownership in Agassi Sports Entertainment Corp., which could be seen as a reduction in a significant holder's stake.
Future Outlook
No forward-looking statements or guidance regarding Agassi Sports Entertainment Corp.'s operations or financial performance are provided.
Industry Context
This filing reports a change in beneficial ownership by a significant individual shareholder and does not provide information related to broader industry trends or competitive landscape for Agassi Sports Entertainment Corp.
Related Party Transactions
- John Boreta assigned all ownership of All-American Golf Center, Inc. to his brother, Ronald Boreta, in a private transaction.
Stakeholder Impact
- Shareholders will note the complete divestment of beneficial ownership by a previously significant holder, John Boreta.
Next Steps
- John Boreta is no longer subject to Section 16 reporting obligations for Agassi Sports Entertainment Corp.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Effective date of assignment of All-American Golf Center, Inc. ownership and determination of loss of control over Boreta Enterprises, Ltd. shares. |
| 07/03/2025 | Date the Form 4 was signed and filed. |
Keywords
Agassi Sports Entertainment Corp., AASP, John Boreta, Beneficial Ownership, SEC Form 4, Insider Transaction, All-American Golf Center, Boreta Enterprises
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