FORT WORTH, Texas, Dec. 11, 2025 (GLOBE NEWSWIRE) -- SEGG Media Corporation (NASDAQ: SEGG, LTRYW)(the “Company” or “SEGG Media”), the global sports, entertainment, and gaming group, today announces that it has closed a $2.5 million Securities Purchase Agreement under a shelf registration statement on Form S-3 that was previously filed with the SEC and declared effective on November 28, 2025. The funds will be used by the Company to execute on reaching milestones outlined in its 90-day outline of key initiat ...

Core Insights - SEGG Media Corporation has announced significant leadership changes, terminating CEO Matthew McGahan and appointing CFO Robert Stubblefield as Interim CEO [1][2][5] - The company is entering a new growth phase, focusing on revenue expansion through its digital properties and strategic acquisitions [2][4] - Stubblefield aims to ensure financial stability and rebuild shareholder value by emphasizing responsible revenue growth and operational discipline [4][5] Leadership Changes - Matthew McGahan has been removed as CEO, Secretary, and President, while Robert Stubblefield has been appointed as Interim CEO and Marc Bircham as Chairman [1][5] - McGahan will remain a Company Director until the next annual meeting of shareholders [1] Growth Strategy - SEGG Media is leveraging its digital assets, including Sports.com, Concerts.com, and Lottery.com, to achieve over 102 million views across platforms in 2025 [2] - The leadership changes are intended to support upcoming strategic acquisitions and enhance operational discipline [2][4] Interim CEO's Vision - Robert Stubblefield emphasizes a focus on financial stability, disciplined execution, and long-term shareholder value [4][5] - He will oversee the expansion of the Sports.com brand and the launch of Concerts.com while maintaining the momentum of existing revenue drivers [4] Company Overview - SEGG Media integrates traditional assets with blockchain innovation, focusing on immersive fan engagement and ethical gaming [6]

Core Points - SEGG Media Corporation has regained full compliance with Nasdaq's continued listing requirements, marking a significant milestone since its rebranding from Lottery.com [1][2] - The compliance issue was related to shareholder approval for equity grants made in 2023 and early 2024, which have now been aligned with the approved 2021 Incentive Plan [2] - The current management team, which took over in May 2023, has addressed various legacy issues, allowing the company to focus on growth and shareholder value [3][4] Company Developments - The company has executed a multi-vertical acquisition strategy across sports, entertainment, esports, and live events [8] - SEGG Media is ramping up investor communications and focusing on revenue-generating activities across its core brands, including Sports.com and Concerts.com [3][4] - The company has worked with the SEC to declare two Form S-1 Registration Statements effective, enabling it to raise $450 million for global operations and revenue growth [8] Strategic Focus - SEGG Media aims to maximize value across its brand portfolio and generate revenue, with a strong emphasis on scaling operations and launching new programs [4] - The company is redefining audience engagement through immersive fan experiences and ethical gaming [5]

Core Insights - SEGG Media Corporation has been valued at over $100 million, supported by an independent analysis from Noble Capital Markets, which initiated coverage with an Outperform rating and a $20 price target, indicating a valuation more than 4 times its current market capitalization [1][2]. Company Assets - The company's brand portfolio includes globally recognized assets such as Sports.com, Lottery.com, Concerts.com, and TicketStub.com, along with the Boca Raton Sports Complex, which are considered cornerstone assets for the valuation [2]. Growth Catalysts - SEGG Media's transformational acquisitions and investments, including Veloce Media, Quadrant, Nook, Sports.com Studios, and advanced technology platforms like Spektrum, are identified as key catalysts for accelerated valuation growth in the latter half of 2025 and beyond [3]. Leadership Commentary - Chairman and President Matthew McGahan emphasized that the independent analysis confirms the company's undervaluation relative to its assets and growth pipeline, highlighting the solid foundation created by Sports.com, Lottery.com, and Concerts.com, and the potential for significant upside in shareholder value as acquisitions are finalized [4]. Company Overview - SEGG Media Corporation operates a global portfolio in sports, entertainment, and gaming, focusing on digital assets and immersive fan engagement, ethical gaming, and AI-driven live experiences [5].

Core Insights - SEGG Media Corporation's brands, Lottery.com and Sports.com, gained significant visibility during the NTT INDYCAR and INDY NXT events, showcasing strong performances from SEGG Media-backed drivers [3][11]. Performance Highlights - Callum Ilott achieved a remarkable performance, finishing P6 after starting from P24, marking his career-best result and PREMA's fourth consecutive top-10 finish [4][5]. - Louis Foster, despite facing early setbacks, finished P13 and maintained his lead in the 2025 INDYCAR Series Rookie of the Year standings [7][8]. - Seb Murray, in his Portland debut, finished P16 after being involved in an early incident, gaining valuable experience ahead of the final races [9][10]. Branding and Visibility - Ilott's helmet prominently featured the Lottery.com logo, enhancing brand visibility during the race [6]. - Foster's car displayed Sports.com branding on key areas, contributing to high-visibility moments throughout the event [8][13]. - Murray's vehicle showcased both Lottery.com and Sports.com branding, ensuring comprehensive representation for SEGG Media in the Indy NXT paddock [10][13]. Company Overview - SEGG Media Corporation operates a portfolio of digital assets, including Sports.com, Concerts.com, and Lottery.com, focusing on immersive fan engagement and ethical gaming [11].

Core Insights - SEGG Media Corporation is enhancing its presence in the sports, entertainment, and gaming sectors through strategic partnerships and talent investments, as demonstrated by the recent performances of its sponsored drivers at the Java House Grand Prix of Monterey [1][7][8] Performance Highlights - Callum Ilott achieved a remarkable performance by moving from P24 to P6, marking PREMA Racing's best result in the NTT INDYCAR Series [2] - Louis Foster secured P7 in qualifying, showcasing his consistency as a rookie despite facing challenges during the race [3] - Sebastian Murray made a significant comeback, finishing P5 in INDY NXT after overcoming previous setbacks, which highlighted his resilience and skill [4][5][6] Brand Exposure and Strategy - The performances of the drivers resulted in substantial brand exposure for Sports.com and Lottery.com, reinforcing SEGG Media's strategy of leveraging talent for market visibility [6][7] - SEGG Media's recent acquisitions of Veloce and Quadrant, along with a partnership with the Kerala Super League, are aimed at expanding its global footprint in sports and entertainment [7] - The company emphasizes a long-term strategy focused on smart investments in talent and intellectual property, aiming to create value both on and off the track [8]

Core Insights - SEGG Media Corporation is enhancing its presence in the sports, entertainment, and gaming sectors through strategic partnerships and talent investments [9][10] - The recent performances of drivers sponsored by SEGG Media, particularly in the Java House Grand Prix of Monterey, have provided significant brand exposure for Sports.com and Lottery.com [8][9] Company Performance - Callum Ilott achieved a remarkable P6 finish from P24 on the grid, marking PREMA Racing's best result in the NTT INDYCAR Series [4] - Louis Foster qualified P7 and demonstrated consistent performance despite an early race incident, reinforcing his status as a promising rookie [5] - Sebastian Murray made a strong comeback, finishing P5 in INDY NXT after overcoming previous setbacks, showcasing resilience and skill [6][8] Strategic Developments - SEGG Media's recent acquisitions of Veloce and Quadrant, along with a partnership with the Kerala Super League, are aimed at expanding its global footprint in sports and entertainment [9] - The company emphasizes a long-term strategy focused on talent investment and intellectual property, aiming to create value both on and off the track [10] Brand Exposure - The performances of the sponsored drivers have resulted in substantial media coverage, enhancing brand visibility for Sports.com and Lottery.com [8][9] - The CEO of SEGG Media highlighted the importance of these performances in delivering value to shareholders and partners [9]

Core Insights - SEGG Media Corporation announced strong performance from its drivers at the 2025 Ontario Honda Dealers Indy Toronto, with Callum Ilott achieving a career-best finish of P8 and Louis Foster showcasing his qualifying prowess by securing P7 [2][3][4] Company Performance - Callum Ilott's performance marked the team's highest finish of the season, moving from 13th to 8th place during the race [2] - Louis Foster maintained an impressive qualifying average of 8.4 over the last five races, including a pole position at Road America [3] - Despite a setback due to a suspension issue, Foster's early race performance demonstrated his competitive edge [3] Strategic Developments - The weekend was significant for SEGG Media as it coincided with strategic meetings aimed at expanding the 2026 Young Drivers Academy [4] - The company confirmed acquisitions of Veloce and Quadrant, along with a broadcast partnership for the Kerala Super League, enhancing its market presence [4][5] Upcoming Events - The next race will take place at Laguna Seca, where Foster previously excelled in Indy NXT, indicating potential for continued success [5][6]

Core Insights - SEGG Media Corporation is actively participating in the 2025 Ontario Honda Dealers Indy Toronto, showcasing its flagship brands Sports.com and Lottery.com through drivers Callum Ilott and Louis Foster [3][4] - The Toronto race is noted for its challenging layout, which includes an 11-turn, 2.874 km circuit that requires high levels of focus and strategy [4] - The company has recently made significant strategic advancements, including the acquisition of Veloce and Quadrant, and a partnership with the Kerala Super League, marking a milestone week for SEGG Media [8] Company Activities - SEGG Media is leveraging the IndyCar platform for brand engagement, with on-car branding and global broadcast coverage to enhance visibility [8][9] - Marc Bircham, Director of Sports.com, will be present at the Toronto race, emphasizing the company's commitment to building a strategic presence in the motorsport sector [7] - The company aims to use the Toronto race as a catalyst for future initiatives in 2026, focusing on performance and development [8] Driver Performance - Louis Foster is coming off a strong performance at Iowa, maintaining a consistent qualifying average of 12.5 in a competitive field [5][6] - Callum Ilott is looking to improve his previous best finish in Toronto, indicating a focus on achieving breakthrough results [6] Event Details - The race weekend includes multiple practice sessions, qualifying, and the main race, with specific attention to strategy factors such as limited overtaking and fuel-saving [9]

Core Insights - SEGG Media Corporation is expanding its portfolio through a significant investment in Veloce Media Group and the acquisition of Quadrant, marking a pivotal moment in its growth strategy [1][4] Investment Details - SEGG Media has entered a Subscription Agreement for $7.59 million, which will result in a 12.4% ownership stake in Veloce Media [4] - The initial tranche of the investment funded the acquisition of Quadrant, with a Call Option Agreement allowing SEGG Media to increase its stake to 51% in Veloce [4] Quadrant Acquisition - Veloce Media Group acquired majority control of Quadrant, a motorsport and apparel brand co-founded by Formula 1 driver Lando Norris, enhancing its digital presence [2] - Lando Norris retains over 20% equity in Quadrant and has reinvested in Veloce, indicating strong confidence in the venture [2] Shareholder Composition - Quadrant's cap table includes notable shareholders such as McLaren Racing CEO Zak Brown and other prominent investors like Animoca Brands and Adrian Newey [3] Leadership Perspectives - SEGG Media's leadership emphasizes the strategic alignment of talent and digital scale to create a dominant motorsport-media platform [5] - Veloce's leadership highlights the validation of their digital-first approach through the acquisition and SEGG Media's investment [5] Market Position and Performance - Veloce reported $17.5 million in revenue and $1.14 million in EBITDA for the fiscal year ending June 2024, indicating strong financial performance [11] - The company has a substantial digital reach with 55 million subscribers and 750 million monthly views, enhancing its commercial leverage [11]