0001209191-23-009863.txt : 20230215 0001209191-23-009863.hdr.sgml : 20230215 20230215175349 ACCESSION NUMBER: 0001209191-23-009863 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230206 FILED AS OF DATE: 20230215 DATE AS OF CHANGE: 20230215 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CP BF Lending, LLC CENTRAL INDEX KEY: 0001911119 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40334 FILM NUMBER: 23636595 BUSINESS ADDRESS: STREET 1: 1910 FAIRVIEW AVE E STREET 2: SUITE 300 CITY: SEATTLE STATE: WA ZIP: 98102 BUSINESS PHONE: 206-728-9063 MAIL ADDRESS: STREET 1: 1910 FAIRVIEW AVE E STREET 2: SUITE 300 CITY: SEATTLE STATE: WA ZIP: 98102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EBET, Inc. CENTRAL INDEX KEY: 0001829966 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 853201309 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 3960 HOWARD HUGHES PARKWAY, SUITE 500 CITY: LAS VEGAS STATE: NV ZIP: 89169 BUSINESS PHONE: 888-411-2726 MAIL ADDRESS: STREET 1: 3960 HOWARD HUGHES PARKWAY, SUITE 500 CITY: LAS VEGAS STATE: NV ZIP: 89169 FORMER COMPANY: FORMER CONFORMED NAME: Esports Technologies, Inc. DATE OF NAME CHANGE: 20210309 FORMER COMPANY: FORMER CONFORMED NAME: eSports Technologies, Inc. DATE OF NAME CHANGE: 20201026 3 1 doc3.xml FORM 3 SUBMISSION X0206 3 2023-02-06 0 0001829966 EBET, Inc. EBET 0001911119 CP BF Lending, LLC 1910 FAIRVIEW AVE. E. SUITE 300 SEATTLE WA 98102 0 0 1 0 Convertible Note 3.58 2023-02-06 2024-11-29 Common Stock 1396648 D Common Stock Warrants (right to buy) 16.95 2021-11-29 2026-11-29 Common Stock 2312449 D On November 29, 2021, the Reporting Person entered into a credit agreement with the Registrant (the "Credit Agreement"). In connection with the Credit Agreement, the parties entered into an option agreement to permit, at any time after the Registrant completes common equity financings of at least $5 million (the "Financing Condition"), $5 million of the outstanding loan balance under the Credit Agreement to became convertible to common stock at the Reporting Person's election (the "Note Conversion Option"). In connection with the closing the Registrant's common equity financing on February 6, 2023, the Financing Condition was achieved, and the Reporting Person's Note Conversion Option became exercisable. The Note Conversion Option expires upon the earlier of (i) maturity of the loan on November 29, 2024, subject to extension in accordance with the terms of the Credit Agreement, or (ii) repayment of the loan in full. CP BF Lending, LLC, By: CP Business Finance GP, LLC, its manager, By: Columbia Pacific Advisors, LLC, its manager /s/ Alan Spragins, Authorized Signatory 2023-02-15