{"url_path":"/sec/mgam/10-q/2026/item-1a","section_key":"item-1a","section_title":"Item 1A Risk Factors.","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1886362/0001213900-26-057173-index.html","accession_number":"0001213900-26-057173","cik":"0001886362","ticker":"MGAM","issuer_name":"Mobile Global Esports, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1886362/0001213900-26-057173-index.html","primary_entity_key":"0001886362","primary_entity_name":"Mobile Global Esports, Inc."},"word_count":408,"has_tables":true,"body_markdown":"Item 1A. Risk Factors.\n\n \n\nRISK FACTORS\n\n* *\n\nYou should carefully review and consider the information\nregarding certain factors which could materially affect our business, financial condition or future results set forth under the heading\n“Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. There have\nbeen no material changes from the risk factors previously disclosed therein, except as set forth below;\n\n* *\n\n*We will require additional financing in\norder to implement and execute our business plan, and we cannot be certain that such additional financing will be available on reasonable\nterms when required, or at all.*\n\n \n\nAs of March 31, 2026, we had a cash balance of\napproximately $185,000. We believe we may need to raise additional funding to meet our cash, operational and liquidity requirements to\ncontinue operating for at least 12 months after the date of this quarterly report.\n\n \n\nWe have obtained some additional financing during\nthe three months ended March 31, 2026. However, we continue to seek additional financing and there can be no assurance that such additional\ncapital will be available on a timely basis, or on terms acceptable to the Company. If adequate funds are not available or are not available\non acceptable terms when needed, the Company may not be able to fund its business or its expansion, take advantage of strategic acquisitions\nor investment opportunities or respond to competitive pressures. Such inability to obtain additional financing when needed could have\na material adverse effect on the Company’s business, results of operations, cash flow, financial condition and prospects. Any future\nequity financing may involve substantial dilution to existing shareholders.\n\n \n\nIf we raise additional funds by issuing equity\nor convertible debt securities, we will reduce the percentage ownership of our then-existing stockholders, and the holders of those newly-issued\nequity or convertible debt securities may have rights, preferences, or privileges senior to those possessed by our then-existing stockholders\nand/or note holders. Additionally, future sales of a substantial number of shares of our Common Stock or other equity-related securities\ncould depress the market price of our Common Stock in the public market, and could impair our current or future ability to raise capital\nthrough the sale of additional equity or equity-linked securities or the sale of debt. We cannot predict the effect that future sales\nof our Common Stock or other equity-related securities would have on the market price of our Common Stock.\n\n \n\n25"}