Annual report pursuant to Section 13 and 15(d)

Reverse Merger and Recapitalization (Details)

v3.21.1
Reverse Merger and Recapitalization (Details)
12 Months Ended
Dec. 31, 2020
shares
Reverse Merger and Recapitalization (Textual)  
Contingent consideration, description All of AEM capital stock outstanding immediately prior to the merger was exchanged for (i) 11,602,754 shares of AESE common stock, (ii) warrants for the purchase of 3,800,003 shares of AESE common stock with an exercise price of $11.50 per share, and (iii) 3,846,153 contingent shares (“Contingent Consideration Shares”). If any holder elects to convert their Bridge Note into common stock, they would be entitled to receive Contingent Consideration Shares equal to the product of (i) 3,846,153 shares, multiplied by (ii) that holder’s investment amount, divided by (iii) $100,000,000, if at any time within five years after the August 9, 2019 closing date, the last exchange-reported sale price of common stock trades at or above $13.00 for thirty (30) consecutive calendar days.
Business combination shares of common stock 11,492,999
Shares issued to former parent 3,528,679
Merger Agreement [Member]  
Reverse Merger and Recapitalization (Textual)  
Contingent consideration, description On the Closing Date, pursuant to the Merger Agreement, in order to extinguish amounts owed to the Former Parent by WPT and Allied Esports in the aggregate amount of $32,672,622, AESE (i) repaid $3,500,000 of the amount due to the Former Parent in cash, (ii) assumed $10,000,000 principal of the convertible debt obligations of the Former Parent plus $992,877 of related accrued interest, (iii) issued 2,928,679 shares of the Company’s common stock to the Former Parent with no limitations or encumbrances on sale and (iii) transferred 600,000 shares of the Company’s common stock to the Former Parent which was subject to a lockup period for one year from the Closing Date. 
BRAC shareholders [Member]  
Reverse Merger and Recapitalization (Textual)  
Business combination shares of common stock 7,964,320