UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 15, 2022
___________________________
EBET, Inc.
(Exact name of registrant as specified in its
charter)
___________________________
| Nevada |
001-40334 |
85-3201309 |
|
(State or other jurisdiction of
incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
197 E. California Ave Ste 302, Las Vegas,
NV 89104
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: (888) 411-2726
Not Applicable
(Former Name or Former Address, if Changed
Since Last Report)
___________________________
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section
12(b) of the Act:
| Title of each class |
Trading
Symbols(s) |
Name
of each exchange on which registered |
| Common stock, par value $0.001 per share |
EBET |
The NASDAQ Stock Market LLC |
| Item 1.01. |
Entry into a Material Definitive Agreement. |
On June 15, 2022, EBET, Inc.
(the “Company”) entered into lock-up extensions with three of its pre-IPO shareholders holding an aggregate of 3,033,770 shares
of Company common stock. The initial lock-up period was set to expire on July 15, 2022. The extension provides that the lock-up period
be extended until June 15, 2023, provided that if the common stock price is over $12.00 per share, then the shareholder can sell shares
subject to a maximum sale on any trading day of 2% of the daily volume; and if the common stock price is over $20.00 per share, then the
shareholder can sell shares subject to a maximum sale on any trading day of 6% of the daily volume.
SIGNATURE
Pursuant to the requirements
of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| |
EBET, INC. |
| Date: June 22, 2022 |
|
| |
By: /s/ Jim Purcell |
| |
Jim Purcell |
| |
Chief Financial Officer |
