secwatch.observer — SEC 8-K summary
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Issuer:     Sports Entertainment Gaming Global Corp (SEGG)
CIK:        0001673481
Form:       8-K
Filed at:   2025-06-23T23:59:59+00:00
Accession:  0001641172-25-016016
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lottery.com enters $300M stock purchase agreement with Generating Alpha Ltd at 94% of VWAP
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- Generating Alpha Ltd to purchase up to $300M of LTRY common stock via put requests at 94% of 5-day VWAP.
- Minimum put amount $20,000; maximum put equals 100% of average daily trading volume; investor capped at 4.99% ownership.
- Commitment fee of 682,410 shares paid as prefunded stock purchase warrant on execution.
- Additional prefunded warrants for 1.5% of each $50M tranche after $100M drawn, priced at last put clearing VWAP.
- Agreement is an amendment to prior stock purchase arrangement; full terms to be filed later.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1673481/000164117225016016/0001641172-25-016016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1673481/000164117225016016/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-016016

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