other material
confidence high
sentiment negative
materiality 0.65
Lottery.com enters $100M stock purchase agreement with Generating Alpha at 10% discount
Sports Entertainment Gaming Global Corp
- Generating Alpha Ltd. commits to buy up to $100M of Lottery.com common stock at 90% of 20-day VWAP.
- Each Put minimum $20,000; maximum equals 100% of average daily trading volume; 4.99% ownership cap.
- Commitment fee: 1.5% of half Commitment Amount in shares; additional 1.5% after half drawn.
- Agreement dated November 21, 2024; filed November 27, 2024.
- Proceeds intended to provide additional capital; company has going concern risks.