secwatch.observer — SEC 8-K summary
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Issuer:     Sports Entertainment Gaming Global Corp (SEGG)
CIK:        0001673481
Form:       8-K
Filed at:   2025-12-04T23:59:59+00:00
Accession:  0001493152-25-026120
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lottery.com enters $2.875M senior secured convertible note agreement with Evergreen Capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673481/000149315225026120/0001493152-25-026120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673481/000149315225026120/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-026120

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