Form POS AM - Post-Effective amendments for registration statement (2024)

Form POS AM - Post-Effective amendments for registration statement

As filed with the Securities and Exchange Commissionon August 1, 2024.

Registration No. 333-262228

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

POST-EFFECTIVE AMENDMENT NO. 1

TO

FORM S-1

REGISTRATION STATEMENT NO. 333-262228

UNDER

THE SECURITIES ACT OF 1933

EBET, Inc.

(Exact Name of Registrant as Specified in ItsCharter)

Nevada 7900 85-3201309
(State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer
Incorporation or Organization) Classification Code Number) Identification Number)

3960 Howard Hughes Parkway, Suite 500

Las Vegas, NV 89169

(888) 411-2726

(Address, Including Zip Code, and TelephoneNumber, Including Area Code, of Registrant’s Principal Executive Offices)

Aaron Speach, President and Chief ExecutiveOfficer

3960 Howard Hughes Parkway, Suite 500

Las Vegas, NV 89169

(888) 411-2726

(Name, Address, Including Zip Code, and TelephoneNumber, Including Area Code, of Agent For Service)

Copies to:

Cavas S. Pavri

ArentFox Schiff LLP

1717 K Street NW

Washington, DC 20006

Telephone: (202) 857-6000

Fax: (202) 857-6395

Approximate date of commencement of proposedsale to the public: Not applicable.

From time to time after the effective date ofthis Registration Statement.

If any of the securities being registered on thisform are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box.

If this form is filed to register additional securitiesfor an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statementnumber of the earlier effective registration statement for the same offering.

If this form is a post-effective amendment filedpursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number ofthe earlier effective registration statement for the same offering.

If this form is a post-effective amendment filedpursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number ofthe earlier effective registration statement for the same offering.

Indicate by check mark whether the registrantis a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Securities Exchange Act of 1934. (Check one):

Large accelerated filer Accelerated filer
Non-accelerated filer Smaller reporting company
Emerging growth company

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountingstandards provided to Section 7(a)(2)(B) of the Securities Act.

EXPLANATORY STATEMENT – DEREGISTRATIONOF UNSOLD SECURITIES

This Post-Effective Amendment (this “Post-EffectiveAmendment”) relates to Registration Statement No. 333-262228 of EBET, Inc. (the “Company”) on Form S-1 (the “RegistrationStatement”) registering 6,897,776 shares of common stock, par value $0.001 per share (“Common Stock”), of the Company.

On July 15, 2024, the Company received a noticeof public foreclosure auction sale under Section 9-610 and 9-611 of the Uniform Commercial Code from its lender (the “Notice”).In accordance with the Notice, a public auction of certain Company assets occurred on August 1, 2024. The sale of the assets was effectedvia a statutory procedure under Article 9 of the Uniform Commercial Code, which permits a creditor to exercise its right of foreclosuresubsequent to a borrower’s loan default, take control of collateral assets of a borrower and sell them while reserving rights tocredit bid. On August 1, 2024, the foreclosure sale pursuant to the auction was completed, and the primary assets and certain of the Company’ssubsidiary equity holdings were sold. Effective as of the consummation of the sale, the Company ceased to have any further business operations.

As a result of the foreclosure, the Company hasterminated any and all offerings of its securities pursuant to the Registration Statement. Accordingly, the Company hereby terminatesthe effectiveness of the Registration Statement and, in accordance with the undertakings made by the Company in the Registration Statementto remove from registration, by means of a post-effective amendment, any securities that had been registered for issuance but remain unsoldat the termination of the offering, removes from registration any and all securities of the Company registered but unsold under the RegistrationStatement as of the date hereof.

2

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended,and Rule 478 thereunder, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements forfiling on Form S-1 and has duly caused this Post-Effective Amendment to the Registration Statement on Form S-1 to be signed on its behalfby the undersigned, thereunto duly authorized, in Las Vegas, Nevada, on August 1, 2024.

EBET,INC.
By:

/s/ Aaron Speach

Name: Aaron Speach
Title: President and Chief Executive Officer
3

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Form POS AM - Post-Effective amendments for registration statement (2024)

FAQs

Form POS AM - Post-Effective amendments for registration statement? ›

The SEC POS AM filing is submitted by companies that have filed a prospectus for registration with the U.S. Securities and Exchange Commission (SEC). It is a post-effective amendment to that registration statement that is not immediately effective upon filing.

What does it mean when a registration statement becomes effective? ›

After the SEC review and once any required amendments are made, the registration statement becomes effective, and the company can begin selling the securities to the public.

What does it mean when a company files a notice of effectiveness? ›

A notice of effectiveness is a formal declaration by the SEC that a company's registration statement is complete and available for public viewing. The SEC's thorough review shows that the company has met all of its legal and regulatory requirements.

What is the SEC POS am filing? ›

Companies typically file a POS AM to provide new or updated information about the offering, such as changes in the financial statements, risk factors, or business operations. It is crucial for companies to ensure that the amendment accurately represents the changes and is in compliance with SEC regulations.

What are the requirements for a registration statement? ›

(a) A registration statement shall consist of the facing sheet of the applicable form; a prospectus containing the information called for by Part I of such form; the information, list of exhibits, undertakings and signatures required to be set forth in Part II of such form; financial statements and schedules; exhibits; ...

What is a post-effective amendment to a registration statement? ›

The SEC POS AM filing is submitted by companies that have filed a prospectus for registration with the U.S. Securities and Exchange Commission (SEC). It is a post-effective amendment to that registration statement that is not immediately effective upon filing.

How long does it take for a registration statement to become effective? ›

Registration statements on Form 10 filed in accordance with Section 12(g) of the 1934 Act are automatically effective 60 days after the initial filing.

How long does the SEC have to review a registration statement? ›

Fin. reviews a company's registration statement to ensure compliance with SEC disclosure rules and federal securities laws, and to ensure the disclosure provided to investors is clear, balanced and not misleading. The typical timeframe for SEC review is between 90 to 150 days.

What is the difference between a prospectus supplement and a post-effective amendment? ›

Unlike a post-effective amendment, a prospectus supplement does not have to be declared effective by the SEC Staff. In a “continuous offering,” securities are offered promptly after effectiveness of the registration statement (within two days) and will continue to be offered from such date forward.

What is an automatically effective shelf registration statement? ›

Since December 1, 2005, issuers qualifying as well known seasoned issuers (WKSIs) have been able to file shelf registration statements with the SEC on Form S-3 or F-3 which become effective immediately upon filing.

What is a form 1 a pos? ›

Form 1-A is the offering document required to be filed for securities offerings that are qualified under Regulation A and Regulation A+. Issuers should take note of terms, conditions, and requirements of Regulation A, as the exemption is not available to all issuers or for every type of securities transaction.

What is SEC notice filing? ›

Key Takeaways. A notice filing refers to a document that SEC-registered advisors must file with state securities authorities. Notice filings always entail ADV forms, which outline an advisory firm's investment style, key personnel, and assets under management.

How long does it take to respond to a SEC comment letter? ›

The other parts of the letter will provide information on when a response should be made (typically 10 business days for an Exchange Act filing) and whether any changes to the company's disclosure as a result of the comments can be made in future filings with the SEC.

What are the two parts of a registration statement? ›

Registration statements have two principal parts.

The prospectus must also include audited financial statements. Part II contains additional information and exhibits that the company does not have to deliver to investors but must file with the SEC.

Who files the registration statement? ›

A registration statement is a document providing qualitative and quantitative information to investors that issuers must file with the Securities and Exchange Commission (SEC) in order to publicly offer securities.

How long are registration statements good for? ›

So you've got an issue – under Securities Act Rule 415(a)(5), shelf registration statements on Form S-3 for primary offerings and WKSI automatic shelves expire on the third anniversary of the original effective date. (Things are different for a secondary Form S-3 shelf, since they do not have a fixed expiration date.)

What does registration effective mean? ›

Effective Registration means the Company shall have (i) commenced the Exchange Offer for the Securities pursuant to an effective registration statement under the Securities Act or (ii) filed and caused to become effective the Shelf Registration under the Securities Act for the sale of Securities by Holders.

What does it mean when a registration statement becomes effective on Quizlet? ›

The effective date is when the SEC clears an issue to be sold to the public; the registration becomes effective. At no time does the SEC approve, disapprove, or make any representation that the information in the registration documents is accurate.

In which of the following does registration of an issue become effective when ordered by the administrator? ›

Registration by qualification is effective when determined by the Administrator. Qualification is the only form of registration where the timing of the effective date is determined by the Administrator. Under the Uniform Securities Act, one method of securities registration is Qualification.

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Introduction: My name is Chrissy Homenick, I am a tender, funny, determined, tender, glorious, fancy, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.