secwatch.observer — SEC 8-K summary
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Issuer:     Sports Entertainment Gaming Global Corp (SEGG)
CIK:        0001673481
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001493152-26-011299
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEGG raises up to $11.8M via convertible notes with 12% interest, 15% OID
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673481/000149315226011299/0001493152-26-011299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673481/000149315226011299/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-011299

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