secwatch.observer — SEC 8-K summary
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Issuer:     Sports Entertainment Gaming Global Corp (SEGG)
CIK:        0001673481
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001493152-23-045224
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673481/000149315223045224/0001493152-23-045224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673481/000149315223045224/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-045224

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