SEGG Media Corporation, trading on NASDAQ under the symbols SEGG and LTRYW and operating as Lottery.com Inc., has completed a registered direct offering raising approximately $1.7 million in gross proceeds. The company sold 2,449,857 shares of its common stock, with the offering price determined by the average closing price over the five trading days preceding January 16, 2026. The transaction closed on January 20, 2026, with Dawson James Securities Inc. serving as the sole placement agent for the offering.
The company stated it intends to allocate the net proceeds primarily toward general working capital needs, advancing previously announced acquisitions of revenue-generating, profitable, and cash-flow positive businesses, and other corporate purposes. This capital infusion comes as SEGG Media simultaneously announced the termination of two previously disclosed financing arrangements, marking a significant restructuring of its financial commitments.
In a parallel development, SEGG Media has withdrawn from two financing agreements. The company has agreed in principle to terminate its December 2025 note and securities purchase agreement with Evergreen Capital Markets LLC. Under this arrangement, SEGG Media received $500,000 and will not draw the remaining $2.0 million available. Additionally, the company has terminated its $150 million loan agreement with United Capital Investments London Limited. According to the company, this termination is not expected to result in significant equity issuances or dilution for existing shareholders.
This financial restructuring is important for investors and the broader technology and gaming sectors as it demonstrates SEGG Media's strategic pivot toward more controlled capital raising while reducing potential future dilution. The termination of the larger $150 million loan agreement, in particular, suggests a more conservative approach to debt financing that could stabilize the company's balance sheet. For the industry, this move highlights how technology and gaming companies are navigating capital markets amid evolving economic conditions, potentially setting a precedent for similar firms seeking to optimize their financial structures without excessive equity dilution.
The company's latest developments and updates relating to SEGG are available in its newsroom at http://ibn.fm/SEGG. The full press release detailing these financial transactions can be viewed at https://ibn.fm/pnk72. These financial maneuvers occur as SEGG Media continues to operate its portfolio of digital assets including Sports.com, Concerts.com and Lottery.com, focusing on immersive fan engagement, ethical gaming and AI-driven live experiences within the global sports, entertainment and gaming sectors.
