SEC Company Response from ESPORTS ENTERTAINMENT GROUP, INC. (GMBL, GMBLP, GMBLW, GMBLZ) (CIK 0001451448) (GMBL) — Mar 9, 2020
ESPORTS ENTERTAINMENT GROUP, INC. (GMBL, GMBLP, GMBLW, GMBLZ) (CIK 0001451448)
Date: March 9, 2020 · CIK: 0001451448 · Accession: 0001213900-20-005778
AI Filing Summary & Sentiment
File numbers found in text: 333-231167
Referenced dates: February 27, 2020
Letter
Re: Esports Entertainment Group, Inc. Amendment No. 3 to Registration Statement on Form S-1 Filed February 24, 2019 File No. 333-231167
Dear Mr. Brown,
By letter dated February 27, 2020, the staff (the “Staff,” “you” or “your”) of the U.S. Securities & Exchange Commission (the “Commission”) provided Esports Entertainment Group, Inc. (the “Company,” “we,” “us” or “our”) with its comments to the Company’s Amendment No. 3 to Registration Statement on Form S-1 filed on February 24, 2020. We are in receipt of your letter and set forth below are the Company’s responses to the Staff’s comments. For your convenience, the comments are listed below, followed by the Company’s responses.
Amended Form S-1 filed February 24, 2020
Use of Proceeds, page 39
1. We note the disclosure regarding your potential acquisition of Argyll Entertainment AG. Please tell us whether any offering proceeds would be used for such a transaction. If offering proceeds would be used for such a transaction please provide the disclosure required by Instruction 6 to Item 504 of Regulation S-K.
Response: The Company does not have any current plans to use any of the offering proceeds for the potential acquisition of Argyll Entertainment AG. The Company’s potential transaction with Argyll remains subject to due diligence, negotiation of definitive documentation and other contingencies. Thus, there is no assurance that such transaction will occur in the near future if at all. Accordingly, should the Company decide to move forward with this transaction, depending on the terms of such transaction at that time, the Company would seek to use any number of different sources of capital including, but not limited to, existing revenues or the sale of additional debt or equity securities.
Thank you for your assistance in reviewing this filing.
Very
Truly Yours,
/s/
Grant Johnson
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filename1.htm
ESPORTS
ENTERTAINMENT GROUP, INC.
170
PATER HOUSE, PSAILA STREET
BIRKIRKARA,
MALTA, BKR 9077
March
9, 2020
John
Dana Brown
U.S.
Securities & Exchange Commission
100
F Street, N.E.
Washington,
D.C. 20549
Re:
Esports Entertainment Group, Inc.
Amendment
No. 3 to Registration Statement on Form S-1
Filed
February 24, 2019
File
No. 333-231167
Dear
Mr. Brown,
By
letter dated February 27, 2020, the staff (the “Staff,” “you” or “your”)
of the U.S. Securities & Exchange Commission (the “Commission”) provided Esports Entertainment Group, Inc.
(the “Company,” “we,” “us” or “our”) with its comments
to the Company’s Amendment No. 3 to Registration Statement on Form S-1 filed on February 24, 2020. We are in receipt of
your letter and set forth below are the Company’s responses to the Staff’s comments. For your convenience, the comments
are listed below, followed by the Company’s responses.
Amended
Form S-1 filed February 24, 2020
Use
of Proceeds, page 39
1. We
note the disclosure regarding your potential acquisition of Argyll Entertainment AG.
Please tell us whether any offering proceeds would be used for such a transaction. If
offering proceeds would be used for such a transaction please provide the disclosure
required by Instruction 6 to Item 504 of Regulation S-K.
Response: The Company does not have
any current plans to use any of the offering proceeds for the potential acquisition of Argyll Entertainment AG. The Company’s
potential transaction with Argyll remains subject to due diligence, negotiation of definitive documentation and other contingencies.
Thus, there is no assurance that such transaction will occur in the near future if at all. Accordingly, should the Company decide
to move forward with this transaction, depending on the terms of such transaction at that time, the Company would seek to use any
number of different sources of capital including, but not limited to, existing revenues or the sale of additional debt or equity
securities.
Thank
you for your assistance in reviewing this filing.
Very
Truly Yours,
/s/
Grant Johnson
Grant
Johnson
Chief
Executive Officer
Esports
Entertainment Group, Inc.
170
Pater House, Psaila Street
Birkirkara,
Malta, BKR 9077