SEGG Media Closes $2.5 Million Funding Agreement

Core Insights - SEGG Media Corporation has closed a $2.5 million Securities Purchase Agreement to fund key initiatives aimed at completing acquisitions and strengthening operations [1][5] - The company is committed to a disciplined approach focusing on realistic planning, transparent communication, and dependable delivery to maximize asset value and stabilize operations [2][5] - The company has outlined a $5 million 90-day plan that emphasizes sustainable revenue growth, operational efficiency, and financial stewardship [3][5] Key Initiatives - Finalize the acquisition of a controlling interest in Veloce Media Group, valued at $53 million pre-money, which is expected to add nearly $20 million in annual revenue starting Q1 2026 [9] - Fund commitments related to the DotCom Ventures acquisition to secure intellectual property for Concerts.com and TicketStub.com, aiming to launch a fan-focused ticket buying platform [9] - Invest in international gaming operations, starting with Mexico, to accelerate growth and reinforce existing infrastructure [9] - Continue investment in the development of the Sports.com All-Sports Arena in Boca Raton, projected to deliver over $6 million in EBITDA in its first year [9] - Address general operational needs by improving internal processes and tightening financial controls [9]