SEGG Media completes $1.7 million stock offering

SEGG Media Corporation (NASDAQ: SEGG) completed a registered direct offering of 2,449,857 shares of common stock for gross proceeds of approximately $1.7 million before fees and expenses. The offering closed January 20, 2026, with pricing based on the average closing price for the five trading days prior to January 16, 2026.

The company plans to use net proceeds primarily for general working capital, previously announced acquisitions of revenue generating businesses, and other corporate purposes. Dawson James Securities served as the sole placement agent for the offering.

SEGG Media announced it has withdrawn from two previously disclosed financing arrangements. The company agreed in principle to terminate its note and securities purchase agreement with Evergreen Capital Markets LLC, which provided $500,000 in December 2025. The company will not draw the remaining $2 million available under that arrangement.

The company also terminated its $150 million loan agreement with United Capital Investments London Limited, which was amended in August 2023. SEGG Media stated the termination means no significant equity issuances or related dilution are expected from that agreement.

The securities were offered under a shelf registration statement filed with the Securities and Exchange Commission on November 13, 2025, and declared effective November 26, 2025.

SEGG Media operates digital assets including Sports.com, Concerts.com, TicketStub.com and Lottery.com. The company previously announced plans to acquire cash-generative businesses including Veloce Media Group, Nook Holdings Ltd., and other targets while developing revenue for existing assets.

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