SEGG Media Corporation Completes $1.7 Million Registered Direct Offering and Terminates Prior Financing Arrangements

SEGG Media Corporation (NASDAQ: SEGG, LTRYW), doing business as Lottery.com Inc., has completed a registered direct offering of 2,449,857 shares of its common stock for gross proceeds of approximately $1.7 million. The offering price was based on the average closing price for the five trading days prior to January 16, 2026, with closing occurring on January 20, 2026. The company 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. Dawson James Securities Inc. acted as sole placement agent for this transaction.

Concurrently, the company announced it has withdrawn from two previously disclosed financing arrangements. This includes agreeing 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, SEGG Media has terminated its $150 million loan agreement with United Capital Investments London Limited. The company stated this termination is not expected to result in significant equity issuances or dilution to existing shareholders.

This financial restructuring represents a strategic shift for SEGG Media as it seeks to strengthen its balance sheet while pursuing growth opportunities. The registered direct offering provides immediate capital infusion without the complexities and potential dilution associated with the terminated agreements. By focusing on smaller, targeted financing through the direct offering, the company maintains greater control over its capital structure while funding its operational needs and strategic initiatives.

The company's emphasis on acquiring revenue-generating, profitable, cash-flow positive businesses suggests a deliberate strategy to build sustainable operations rather than pursuing speculative growth. This approach may appeal to investors seeking companies with clear paths to profitability and operational stability. The termination of the larger financing arrangements, particularly the $150 million loan agreement, indicates a recalibration of the company's financial strategy toward more manageable and immediately accessible capital sources.

For investors and market observers, these developments signal SEGG Media's commitment to financial prudence while continuing to pursue expansion opportunities. The combination of securing new capital through a registered direct offering while exiting potentially burdensome financing arrangements positions the company to execute its business strategy with greater flexibility. The full details of these financial transactions are available in the company's official announcement at https://ibn.fm/pnk72, and ongoing updates relating to SEGG Media can be found through the company's newsroom at http://ibn.fm/SEGG.