SEGG Media Corporation, which operates 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 common stock at a price based on the average closing price for the five trading days prior to January 16, 2026, with the transaction closing on January 20, 2026. Dawson James Securities Inc. served as the sole placement agent for the offering.
The company stated it intends to use the net proceeds primarily for general working capital, advancing previously announced acquisitions of revenue-generating, profitable, cash-flow positive businesses, and other corporate purposes. This financial move comes as SEGG Media, which operates a portfolio of digital assets including Sports.com, Concerts.com and Lottery.com, focuses on immersive fan engagement, ethical gaming and AI-driven live experiences.
Concurrently, SEGG Media announced it has withdrawn from two previously disclosed financing arrangements. The company agreed in principle to terminate its December 2025 note and securities purchase agreement with Evergreen Capital Markets LLC, under which it received $500,000 and will not draw the remaining $2.0 million. Additionally, the company terminated its $150 million loan agreement with United Capital Investments London Limited, which the company said is not expected to result in significant equity issuances or dilution.
This financial restructuring is significant for investors and the digital entertainment industry as it demonstrates SEGG Media's strategic shift toward more controlled financing while maintaining focus on its core business operations. The company's decision to terminate larger financing agreements in favor of a smaller, direct offering suggests a more conservative approach to capital management, potentially reducing dilution risk for existing shareholders.
The latest news and updates relating to SEGG are available in the company's newsroom at http://ibn.fm/SEGG. The full press release detailing these financial developments can be viewed at https://ibn.fm/pnk72. For more information about TechMediaWire, the communications platform that distributed this announcement, please visit https://www.TechMediaWire.com. Full terms of use and disclaimers applicable to all content provided by TechMediaWire are available at https://www.TechMediaWire.com/Disclaimer.
This financial repositioning comes as SEGG Media continues to operate its global sports, entertainment and gaming group, positioning itself within the competitive digital entertainment landscape where capital efficiency and strategic financing decisions can significantly impact long-term viability and growth potential.
