Agassi Sports Entertainment Corp. Announces \$400,000 Private Placement; Insider Participation Revealed
LAS VEGAS, NV — March 17, 2026 — Agassi Sports Entertainment Corp. (“Agassi Sports” or the “Company”) has announced a significant corporate development that investors should note. The Company entered into two Subscription Agreements with accredited investors for the sale of restricted common stock in a private placement, raising a total of \$400,000. This transaction includes substantial insider participation, which may be of particular interest to current and prospective shareholders.
Key Highlights of the Report
- Private Placement Completed: On March 13, 2026, Agassi Sports entered into two Subscription Agreements, selling an aggregate of 80,000 shares of restricted common stock at a price of \$5.00 per share.
- Total Proceeds Raised: The private placement generated \$400,000 in gross proceeds for the Company.
- Insider Participation: One of the investors is the Boreta Lifetime Trust, whose trustee is Ronald S. Boreta, the Company’s President, CEO, and Director. The Boreta Trust purchased 50,000 shares for \$250,000.
- Terms and Conditions: The Subscription Agreements included customary representations and warranties from both the Investors and the Company. The shares issued are restricted securities and were not registered under the Securities Act of 1933.
- Exemption from Registration: The Company claims exemption from registration for these sales under Section 4(a)(2) and/or Rule 506 of Regulation D, as the offering was made only to accredited investors and did not involve general solicitation.
- No Sales Commissions: The Company confirmed that no sales commissions were paid in connection with this offering.
Implications for Shareholders
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Insider Commitment: With the Company’s CEO and President, Ronald S. Boreta, participating in the offering through his trust, this signals strong insider confidence in the future prospects of Agassi Sports. Insider buying is often interpreted as a positive signal by the market, indicating management’s belief in the Company’s valuation and growth trajectory.
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Capital Infusion: The \$400,000 capital raise provides the Company with additional cash resources, which may be used to support its operations, fund growth initiatives, or strengthen its balance sheet.
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Potential for Share Price Movement: The combination of insider participation and new capital could be viewed as price-sensitive information. Investors may interpret these developments as a sign of positive internal outlook and financial health, potentially impacting the Company’s share price.
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Dilution Consideration: The issuance of new shares does result in some dilution of existing shareholders. However, the limited number of shares (80,000) and the high participation by an insider may mitigate negative investor sentiment.
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Restricted Status: The issued shares are restricted and cannot be freely traded unless registered or an applicable exemption from registration is available. This means no immediate increase in trading float.
Regulatory and Legal Notes
- The securities offered have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an exemption.
- The Company’s actions are in compliance with applicable SEC regulations, including the use of Regulation D exemptions for private placements.
Company Overview and Contact
- Corporate Name: Agassi Sports Entertainment Corp.
- Headquarters: 1120 N. Town Center Dr #160, Las Vegas, NV 89144
- President & CEO: Ronald S. Boreta
- Business Phone: (702) 400-4005
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult their financial advisor before making any investment decisions. The information contained herein is based on public filings and may be subject to change or further disclosure by Agassi Sports Entertainment Corp.
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