secwatch.observer — SEC 8-K summary
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Issuer:     Sports Entertainment Gaming Global Corp (SEGG)
CIK:        0001673481
Form:       8-K/A
Filed at:   2025-09-30T23:59:59+00:00
Accession:  0001493152-25-016390
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lottery.com amends $300M stock purchase agreement with Generating Alpha Ltd.
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- Commitment Amount remains $300M; Purchase Price set at 94% of Market Price (lowest VWAP in Valuation Period).
- Safety Net Price no less than 80% of closing price on Put Notice date; only one Put Adjustment per Valuation Period.
- On execution, Lottery issued Generating Alpha 682,410 pre-funded common stock warrants as commitment fee.
- If Common Stock bid price < $0.50, Purchase Price becomes 90% of Market Price; Trading Cushion removed.
- In default, Put Adjustment reduces to 33% of original put amount; further 1.5% warrant fee per $50M tranche after $100M drawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673481/000149315225016390/0001493152-25-016390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673481/000149315225016390/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-016390

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer