secwatch.observer — SEC 8-K summary
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Issuer:     Sports Entertainment Gaming Global Corp (SEGG)
CIK:        0001673481
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001493152-24-007581
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lottery.com boosts credit facility to $149M; Prosperity Investment begins $18M funding
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- Total loan capacity increased by $100M to $149M via Amendment No. 2 dated Feb 16, 2024.
- Prosperity Investment Management began funding $18M commitment through UCIL loan agreement.
- Loan carries 10% annual interest; conversion price floor of $1.50/share subject to Nasdaq rules.
- Borrower is Lottery.com (LTRY); warrants (LTRYW) also listed on Nasdaq.
- Amendment restates loan agreement originally dated July 2023, as amended Aug 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673481/000149315224007581/0001493152-24-007581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673481/000149315224007581/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-007581

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