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SEGG Media ( (SEGG) ) has shared an update.
On January 20, 2026, SEGG Media Corporation closed a registered direct offering of 2,449,857 shares of common stock at $0.70 per share, raising roughly $1.7 million in gross proceeds, after appointing Dawson James Securities as placement agent under a best-efforts mandate. The company plans to deploy the funds for working capital, to advance previously announced acquisitions of revenue-generating, cash-flow-positive businesses and for other general corporate purposes, while it simultaneously withdrew from two earlier financing arrangements—a $2.5 million note and securities purchase agreement with Evergreen Capital Markets LLC, under which only $500,000 was drawn, and a $150 million loan agreement with United Capital Investments London Limited—moves it says should avoid significant equity issuance and dilution, support its acquisition-focused growth strategy, and better align its capital structure with its long-term objectives without materially affecting current liquidity or operations.
The most recent analyst rating on (SEGG) stock is a Buy with a $15.50 price target. To see the full list of analyst forecasts on SEGG Media stock, see the SEGG Stock Forecast page.
More about SEGG Media
SEGG Media Corporation, formerly operating as Lottery.com Inc., is a global sports, entertainment and gaming group that integrates traditional assets with blockchain technology. Through a portfolio of digital platforms including Sports.com, Concerts.com, TicketStub.com and Lottery.com, the Nasdaq-listed company focuses on immersive fan engagement, ethical gaming and AI-driven live experiences for global audiences.
Average Trading Volume: 6,549,661
Technical Sentiment Signal: Sell
Current Market Cap: $6.58M
Learn more about SEGG stock on TipRanks’ Stock Analysis page.