regulatory
confidence high
sentiment negative
materiality 0.85
Sports Entertainment Gaming Global Corp (SEGG): Nasdaq/NYSE listing notice — Nasdaq Hearing Panel grants Lottery.com continued listing subject to strict filing deadlines
Sports Entertainment Gaming Global Corp
- Panel requires lottery.com to file amended 2021 10-K and Q1 2022 10-Q by May 15, 2023, and provide updated financial projections.
- Company restated $30M revenue from inCircle affiliate; now has 9 employees, 20 contractors, auditor Yusufali & Associates.
- Plans reverse stock split to regain bid price compliance; shareholder meeting July 31, 2023, split implementation Aug 3, 2023.
- Resumed lottery operations, sold 7M Texas tickets in April 2023; expects up to $38M revenue from lottery and Sports.com launch.
- $50M funding commitment from Woodford Eurasia contingent on curing filing delinquencies; Panel cited serious long-term concerns.