Sports Entertainment Gaming Global Corp (SEGG): debt financing — SEGG raises up to $11.8M via convertible notes with 12% interest, 15% OID

Sports Entertainment Gaming Global Corp

Up to $11,764,706 aggregate face value in multiple tranches; initial $3,529,412 funded at signing.
Notes sold at 15% original issue discount, bear 12% annual interest, mature 24 months from issuance.
Conversion price set at lower of issuance-date closing price or 95% of 5-day minimum VWAP, with 20% floor.
Company also entered Registration Rights Agreement and engaged Dawson James Securities as placement agent.
Holders subject to 4.99% beneficial ownership limitation, may increase to 9.99% on notice.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

Sports Entertainment Gaming Global Corp incurred convertible notes of aggregate initial principal (face) amount of up to $11,764,705.88 with certain institutional investors at twelve percent (12%) per annum maturing twenty-four (24) months from its respective issuance date.

Instrument: convertible notes
Principal: aggregate initial principal (face) amount of up to $11,764,705.88
Counterparty: certain institutional investors
Rate: twelve percent (12%) per annum
Maturity: twenty-four (24) months from its respective issuance date
Event: incurrence

Exact text from the filing

On March 16, 2026, Sports Entertainment Gaming Global Corporation, a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain institutional investors (the “ Purchasers ”), pursuant to which the Company agreed to issue and sell to the Purchasers unsecured convertible promissory notes (the “ Notes ”) in an aggregate initial principal (face) amount of up to $11,764,705.88.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

Sports Entertainment Gaming Global Corp issued The Notes are convertible into shares of Common Stock of convertible note to certain institutional investors for initial principal amount of $3,529,411.76 with 15% OID.

Security: convertible note
Shares: The Notes are convertible into shares of Common Stock
Purchaser: certain institutional investors
Consideration: initial principal amount of $3,529,411.76 with 15% OID

Exact text from the filing

of Regulation D promulgated thereunder. The Notes will be issued in multiple tranches as follows: (i) an initial tranche (the “ Initial Tranche ”) in an aggregate face amount of $3,529,411.76, to be funded upon execution of the transaction documents; (ii) a second tranche in an aggregate face amount of $588,235.29, to be funded upon filing of the Registration

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sports Entertainment Gaming Global Corp entered into Placement Agency Agreement with Dawson James Securities, Inc. (effective 2026-03-16).

Action: entry
Agreement: underwriting
Counterparty: Dawson James Securities, Inc.
Effective: 2026-03-16

Exact text from the filing

the Company entered into a Placement Agency Agreement, dated March 16, 2026, by and between the Company and Dawson James Securities, Inc., as placement agent

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sports Entertainment Gaming Global Corp entered into Securities Purchase Agreement with certain institutional investors valued at $11,764,705.88 (effective 2026-03-16).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: $11,764,705.88
Effective: 2026-03-16

Exact text from the filing

On March 16, 2026, Sports Entertainment Gaming Global Corporation, a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain institutional investors

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sports Entertainment Gaming Global Corp entered into Registration Rights Agreement with certain institutional investors (effective 2026-03-16).

Action: entry
Counterparty: certain institutional investors
Effective: 2026-03-16

Exact text from the filing

Concurrently with the Purchase Agreement, the Company entered into a Registration Rights Agreement (the “ Registration Rights Agreement ”) with the Purchasers

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35 debt financings filed in the last 30 days. Browse all debt financings →

Sports Entertainment Gaming Global Corp filing history →

Source: SEC EDGAR

accession 0001493152-26-011299

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