Lottery.com Inc. Announces Closing of Registered Direct Public Offering

Core Viewpoint - SEGG Media Corporation has completed a registered direct offering of 2,449,857 shares of common stock, raising approximately $1,700,000 before fees and expenses, with the offering closing on January 20, 2026 [1] Group 1: Offering Details - The offering price was based on the average closing price for the five trading days prior to January 16, 2026 [1] - The net proceeds from the offering will primarily be used for general working capital and to advance previously announced acquisitions of profitable businesses [2] - Dawson James Securities, Inc. acted as the sole placement agent for the offering [2] Group 2: Financing Arrangements - The company has withdrawn from two previously disclosed financing arrangements, which is not expected to materially impact its liquidity or operations [6] - SEGG Media has agreed in principle to terminate a note and securities purchase agreement with Evergreen Capital Markets LLC, which included a $500,000 advance received in December [7] - The company has also terminated a $150 million loan agreement with United Capital Investments London Limited, which was amended in August 2023, with no significant equity issuances expected as a result [8] Group 3: Strategic Focus - The company remains focused on acquiring cash-generative businesses, including Veloce Media Group and Nook Holdings Ltd., while also developing revenue from existing assets like Sports.com and Lottery.com [9] - SEGG Media does not anticipate undertaking large financing transactions that would dilute existing shareholders or pursue acquisitions requiring significant ongoing cash [9] Group 4: Company Overview - SEGG Media Corporation is a global sports, entertainment, and gaming group that integrates traditional assets with blockchain innovation [10] - The company aims to build immersive fan engagement and ethical gaming through its portfolio of digital assets [10]