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 preceding January 16, 2026, with the transaction closing on January 20, 2026. According to the company, net proceeds will be used primarily for general working capital, advancing previously announced acquisitions of revenue-generating and profitable businesses, and other corporate purposes.
Dawson James Securities Inc. served as the sole placement agent for the offering. The company simultaneously announced the termination of two previously disclosed financing arrangements. SEGG Media has 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 has terminated its $150 million loan agreement with United Capital Investments London Limited, which the company stated is not expected to result in significant equity issuances or dilution.
The termination of previous financing agreements and completion of the direct offering represents a strategic realignment of the company's capital structure as it pursues growth through targeted acquisitions. This financial restructuring comes as the company focuses on its portfolio of digital assets including Sports.com, Concerts.com and Lottery.com, with an emphasis on immersive fan engagement, ethical gaming and AI-driven live experiences. The company maintains a newsroom where investors can access the latest updates and information at http://ibn.fm/SEGG.
The financial developments at SEGG Media reflect ongoing adjustments in corporate financing strategies within the competitive digital entertainment and gaming sector. TechMediaWire, which distributed the announcement, provides specialized communications services for technology companies through its platform. The organization offers various distribution services including wire solutions via InvestorWire, syndication to thousands of outlets, press release enhancement, and social media distribution. Complete terms of use and disclaimers for TechMediaWire content are available at https://www.TechMediaWire.com/Disclaimer.
