Business: Esports Entertainment Group, Inc. 10.0% Series A Cumulative Redeemable Convertible Preferred Stock liquidation preference $11.00 per share, redeemable at the issuer's option on or after 01/01/2023 at $11.00 per share plus accrued and unpaid dividends, and maturing 11/(__)/2026. <p> Cumulative distributions of 10% per annum ($1.00 per annum or $0.0833333 per month) will be paid quarterly on the last day of the month to holders of record on the 15th day of the month prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-38 of the prospectus for further information). <p> Upon the occurrence of a Change of Control, the issuer is required to redeem all of the then issued and outstanding shares of Series A Convertible Preferred Stock for cash at $11.00 per share, plus an amount equal to all to all dividends accrued or in arrears on the redemption date. <p> The preferred shares are convertible any time at the holder’s option into shares of common stock. <p>This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.