8-K
filed September 9, 2022, 7:59 PM ET
ticker SEGG
CIK 0001673481
other material
confidence high
sentiment negative
materiality 0.85
Lottery.com board reduced to one; Nasdaq non-compliance; $2.5M loan from Woodford Eurasia
Sports Entertainment Gaming Global Corp
- Four directors resigned Sep 2 & 8, 2022; board reduced from five to one member.
- Nasdaq notified of non-compliance with independent majority and audit committee rules.
- Term sheet with Woodford Eurasia for $2.5M convertible loan with warrants (15% of equity at 25% discount).
- Additional potential expansion capital up to $50M subject to conditions.
- CLO/COO Kathryn Lever resigned Sep 5, 2022.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lisa M. Borders resigned as Member of the Board at Sports Entertainment Gaming Global Corp.
- Action
- resigned
- Role
- Member of the Board
Exact text from the filing
On September 2, 2022, Lisa M. Borders, a member of the Board, the Chair of the Nominating and Governance Committee, a member of the Compensation Committee, and a member of the Audit Committee, notified the Board of her resignation from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven M. Cohen resigned as Member of the Board at Sports Entertainment Gaming Global Corp.
- Action
- resigned
- Role
- Member of the Board
Exact text from the filing
Also on September 2, 2022, Steven M. Cohen, a member and co-Chair of the Board and a member of the Audit Committee, notified the Board of his resignation from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kathryn Lever resigned as Chief Legal Officer, Chief Operating Officer and Secretary at Sports Entertainment Gaming Global Corp.
- Action
- resigned
- Role
- Chief Legal Officer, Chief Operating Officer and Secretary
Exact text from the filing
On September 5, 2022, Kathryn Lever, the Chief Legal Officer (“CLO”), Chief Operating Officer (“COO”) and Secretary of the Company, provided a notice of resignation as CLO, COO and Secretary of the Company, its wholly owned subsidiary, AutoLotto, Inc., and all of its other subsidiaries and affiliates.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William C. Thompson, Jr. resigned as Member of the Board at Sports Entertainment Gaming Global Corp.
- Action
- resigned
- Role
- Member of the Board
Exact text from the filing
Also on September 2, 2022, William C. Thompson, Jr., a member of the Board, the Chair of the Audit Committee and a member of the Compensation Committee, notified the Board of his resignation from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lawrence Anthony "Tony" DiMatteo III resigned as Member of the Board at Sports Entertainment Gaming Global Corp.
- Action
- resigned
- Role
- Member of the Board
Exact text from the filing
On September 8, 2022, Lawrence Anthony “Tony” DiMatteo III, a member of the Board, notified the Board of his resignation from the Board, effective immediately.
View on SEC.gov
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