other_material
confidence high
sentiment neutral
materiality 0.75
Lottery.com enters amended stock purchase agreement with Generating Alpha for up to $300M
Sports Entertainment Gaming Global Corp
- Generating Alpha Ltd. commits to buy up to $300M of Lottery.com common stock at 94% of Market Price (lowest 5-day VWAP).
- Company issued 682,410 shares as a prefunded Common Stock Purchase Warrant for commitment fee.
- Each Put limited to 100% of average daily trading volume; investor cannot own more than 4.99% of common stock.
- Additional prefunded warrants equal to 1.5% of $50M tranche after first $100M drawn from commitment.
- Minimum Put amount is $20,000; Maximum Put Amount may be increased by mutual consent.
item 1.01item 9.01