Lottery.com signs placement agent for up to $1M convertible note and warrant offering

Sports Entertainment Gaming Global Corp

Offering of Units: up to $1,000,000; each Unit a convertible note ($2.2751/share) and a warrant (exercise $2.2751, expires Dec 5, 2028).
Conversion limit: 4.99% beneficial ownership; warrant exercise limit: 9.9% beneficial ownership.
Registration statement for resale of shares must be filed by March 5, 2024.
Placement agent receives $7,500 cash fee and 10,000 warrants at $2.2751, exercisable for 5 years from final closing.
Offering is concurrent private placement to institutional/accredited investors under Section 4(a)(2).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sports Entertainment Gaming Global Corp entered into Placement Agent Agreement with Univest Securities, LLC valued at up to $1,000,000 (effective 2023-12-06).

Action: entry
Counterparty: Univest Securities, LLC
Value: up to $1,000,000
Effective: 2023-12-06

Exact text from the filing

the Company entered into a placement agent agreement (the “Placement Agent Agreement”) with Univest Securities, LLC (the “Placement Agent”), whereby the Placement Agent agreed to act as placement agent in connection with the Company’s offering (“Offering”) of units (“Units”) up to $1,000,000

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Sports Entertainment Gaming Global Corp filing history →

Source: SEC EDGAR

accession 0001493152-23-045224

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