debt
confidence high
sentiment neutral
materiality 0.70
Lottery.com enters $2.875M senior secured convertible note agreement with Evergreen Capital
Sports Entertainment Gaming Global Corp
- Issued $2.875M principal senior secured convertible promissory note to Evergreen Capital; net proceeds $2.5M after $375K OID.
- Initial $500K funded at Dec 2 closing; remaining $2M contingent on SEC registration and shareholder approval.
- Conversion shares trigger Nasdaq shareholder approval requirement due to potential issuance >20% of outstanding.
- Note is senior secured with OID covering transaction costs; funds bolster liquidity.