secwatch.observer — SEC 8-K summary
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Issuer:     Sports Entertainment Gaming Global Corp (SEGG)
CIK:        0001673481
Form:       8-K
Filed at:   2026-06-03T21:15:09+00:00
Accession:  0001493152-26-027127
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

SEGG issues $3.5M 12% convertible note with 15% OID to Amorua Global
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- Principal $3.5M, 12% annual interest, 24-month maturity, 15% original issue discount.
- Conversion price is lower of issuance closing price or 95% of lowest 5-day VWAP; 9.99% ownership cap.
- Net proceeds for general corporate purposes; $500k to repay Alumni Capital note.
- Company to file S-1 registration for resale of conversion shares within 45 days.
- Note issued under Section 4(a)(2)/Reg D exemption; securities not registered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673481/000149315226027127/0001493152-26-027127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673481/000149315226027127/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027127

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