Agassi Sports Entertainment Corp.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 31, 2026
Contents
PART ICAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Part I
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K (this “Report”) contains forward-looking statements. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this Report. These factors include:
| • | our limited operating history, history of losses and lack of experience in certain aspects of our business, including the court sports industry; |
| • | our ability to continue as a going concern and to generate sufficient revenues to achieve and sustain profitability; |
| • | our need for additional capital to fund operations and satisfy obligations, including under agreements with the IBM Parties (defined below), the availability and terms of such financing and potential dilution to existing stockholders; |
| • | our ability to execute our business plan, including the development, launch and commercialization of our planned platform and mobile application, the timing and costs associated therewith and the extent to which we generate revenues from such initiatives; |
| • | the anticipated benefits of our arrangements with the IBM Parties and the extent to which such benefits are realized, as well as the demands such arrangements place on our management and resources; |
| • | the acceptance by consumers of our products and services and their willingness to adopt and pay for our offerings; |
| • | the size, growth and development of the markets in which we operate, including pickleball and padel, and for our planned platform and application; |
| • | our ability to compete effectively in a highly competitive and evolving industry and to respond to changes in market conditions and consumer preferences; |
| • | the impact of general economic, financial and business conditions, including inflation, interest rates, tariffs, trade policies, economic slowdowns or recessions and geopolitical events, on discretionary spending and demand for our products, services and events; |
| • | our ability to successfully plan, launch and operate events, including the planned World Series of Pickleball, including securing venues, obtaining permits, attracting sponsorships, partners and participants, and managing operational and logistical challenges; |
| • | risks related to injuries, accidents, security incidents or other liabilities arising from our operations or events and the adequacy of our insurance coverage; |
| • | disruptions to our information technology systems, cybersecurity threats and unauthorized access to data, and the resulting operational, legal and reputational risks; |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.