SEGG Media regains full Nasdaq compliance

SEGG Media Corporation (NASDAQ: SEGG) announced it has regained full compliance with Nasdaq's continued listing requirements, according to a company statement based on a press release.

The company received formal notice from Nasdaq on October 16, 2025, confirming that a compliance deficiency related to shareholder approval under Listing Rule 5635(c) has been resolved and the case is closed. The issue involved equity grants made in 2023 and early 2024 that were later aligned under the company's shareholder-approved 2021 Incentive Plan with proper SEC disclosures filed.

SEGG Media will no longer appear on Nasdaq's Non-Compliant list for the first time in over three years. The company disclosed the compliance notice in a Form 8-K filing.

"We inherited a company with significant legacy issues and have methodically addressed every item — legal, financial, structural and operationally— bringing SEGG Media in full compliance with Nasdaq," said Matthew McGahan, Chairman and CEO of SEGG Media.

Since current management arrived in May 2023, the company has worked with the SEC to have two Form S-1 Registration Statements declared effective, permitting the company to raise $450 million for operations. The company also rebranded from Lottery.com to SEGG Media Corporation and executed acquisitions across sports, entertainment, esports, and live events.

SEGG Media operates digital assets including Sports.com, Concerts.com and Lottery.com. The company describes itself as focused on fan engagement, gaming and live experiences.

"What comes next is revenue growth," added Gregory Potts, COO of SEGG Media.

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