SEGG closes Veloce Esports acquisition; pro forma shows $10.3M revenue, $18.2M net loss for 2025

Sports Entertainment Gaming Global Corp

Acquired 67.73% of Veloce; purchase price ~$80.6M including $41.3M goodwill and $13.8M intangible assets.
Pro forma combined assets $131.7M, liabilities $54.6M, equity $77.1M as of Dec 31, 2025.
Pro forma 2025 revenue $10.34M, net loss $18.15M (SEGG attributable loss $18.03M).
Veloce previously acquired majority stake in Quadrant (co-founded by F1 driver Lando Norris) in July 2025.
Noncontrolling interest of $24.8M reflects 32.27% minority stake retained by Veloce's other shareholders.

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