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