Business
Lottery.com Inc. Announces Closing of Registered Direct Public Offering
FORT WORTH, Texas, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Lottery.com Inc. dba: SEGG Media Corporation (Nasdaq: SEGG, LTRYW) (“SEGG Media” or “the Company”), today announced that it completed a registered direct offering of 2,449,857 shares of its common stock, for gross proceeds of approximately $1,700,000, before deducting placement agent fees and offering expenses. The offering price was determined based on the average closing price for the five trading days prior to January 16, 2026. The offering
About this update from Sports Entertainment Gaming Global Corporation
[{"type":"image","alt":"SEGG Media Corporation","displaySize":"","headline":null,"caption":"SEGG Media Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":181,"url":"https://media.zenfs.com/en/globenewswire.com/3b243fcbb036aecf0ac2413ae2ffefa3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jefLwvc.hbSQPBf_U3Oj4A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI1MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/3b243fcbb036aecf0ac2413ae2ffefa3","width":300,"height":181}},"lazy":false},{"type":"text","content":"FORT WORTH, Texas, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Lottery.com Inc. dba: SEGG Media Corporation (Nasdaq: SEGG, LTRYW) (“SEGG Media” or “the Company”), today announced that it completed a registered direct offering of 2,449,857 shares of its common stock, for gross proceeds of approximately $1,700,000, before deducting placement agent fees and offering expenses. The offering price was determined based on the average closing price for the five trading days prior to January 16, 2026. The offering closed on January 20, 2026.","length":528,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the offering primarily for general working capital, moving forward on previously announced acquisitions of revenue generating, profitable, cash-flow positive businesses and other corporate purposes.","length":247,"tagName":"p"},{"type":"text","content":"Dawson James Securities, Inc. is acting as the sole placement agent for the offering.","length":85,"tagName":"p"},{"type":"text","content":"In connection with the public offering, the Company was represented by ArentFox Schiff LLP (Washington, D.C.), and Dawson James Securities, Inc. was represented by Nelson Mullins Riley & Scarborough LLP (Atlanta, Ga and Raleigh, NC).","length":237,"tagName":"p"},{"type":"text","content":"The securities were offered and sold pursuant to a shelf registration statement on Form S-3, including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on November 13, 2025 and declared effective November 26, 2025. The offering was made only by means of a written prospectus. A prospectus supplement and accompanying prospectus describing the terms of the offering was filed with the SEC and can be found on its website at www.sec.gov. A Current Report on Form 8...
More updates from Sports Entertainment Gaming Global Corporation