---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-055135"
form_type: "8-K"
ticker: "SEGG"
cik: "0001673481"
company_name: "Sports Entertainment Gaming Global Corp"
filed_at: "2022-09-09T23:59:59+00:00"
generated_at: "2026-06-23T12:03:00.314637+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lottery.com board reduced to one; Nasdaq non-compliance; $2.5M loan from Woodford Eurasia

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-055135
- form_type: 8-K
- ticker: SEGG
- cik: 0001673481
- company_name: Sports Entertainment Gaming Global Corp
- filed_at: 2022-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1673481/000121390022055135/0001213900-22-055135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1673481/000121390022055135/ea165611-8k_lottery.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-055135
- JSON: https://secwatch.observer/filing/0001213900-22-055135.json
- Plain text: https://secwatch.observer/filing/0001213900-22-055135.txt

## Key facts
- Executive change
  Lisa M. Borders resigned as Member of the Board at Sports Entertainment Gaming Global Corp.
  - Action: resigned
  - Role: Member of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000121390022055135/0001213900-22-055135-index.htm
- Executive change
  Steven M. Cohen resigned as Member of the Board at Sports Entertainment Gaming Global Corp.
  - Action: resigned
  - Role: Member of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000121390022055135/0001213900-22-055135-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000121390022055135/0001213900-22-055135-index.htm
- Executive change
  William C. Thompson, Jr. resigned as Member of the Board at Sports Entertainment Gaming Global Corp.
  - Action: resigned
  - Role: Member of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000121390022055135/0001213900-22-055135-index.htm
- Executive change
  Lawrence Anthony "Tony" DiMatteo III resigned as Member of the Board at Sports Entertainment Gaming Global Corp.
  - Action: resigned
  - Role: Member of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000121390022055135/0001213900-22-055135-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.