SEGG Media Secures $2.5M to Fuel Acquisition and 90-Day Growth Plan

SEGG Media Corporation (NASDAQ: SEGG, LTRYW), a global sports, entertainment and gaming group, has successfully closed a significant $2.5 million Securities Purchase Agreement. This funding, secured under a previously filed and effective Form S-3 shelf registration statement, is earmarked for executing key milestones in the company's ambitious 90-day initiative plan. A primary objective of this plan is to complete SEGG Media's investment to acquire a controlling interest in Veloce Media Group, a strategic move that could significantly expand its portfolio and market influence. The company operates a diverse portfolio of digital assets including Sports.com, Concerts.com, and Lottery.com, focusing on immersive fan engagement, ethical gaming, and AI-driven live experiences to redefine how global audiences interact with content.

The announcement was disseminated through MissionIR (“MIR”), a specialized communications platform that is part of the broader Dynamic Brand Portfolio at IBN (InvestorBrandNetwork). MissionIR assists IR firms by providing syndicated content to enhance the visibility of companies within the investment community. Their services include access to a vast network of wire solutions via InvestorWire, article and editorial syndication to over 5,000 outlets, enhanced press release enhancement, and extensive social media distribution. This infrastructure ensures that news like SEGG Media's funding round reaches a wide audience of investors, influencers, and the general public, cutting through the information overload in today's market.

For investors and industry watchers, the latest news and updates relating to SEGG are available in the company’s dedicated newsroom. The successful closure of this $2.5 million agreement marks a pivotal step for SEGG Media as it seeks to leverage new capital to accelerate growth, particularly through the anticipated acquisition in Veloce Media Group. This development underscores the company's active strategy in the competitive digital sports and entertainment landscape, where securing funding and making strategic acquisitions are crucial for scaling operations and enhancing technological capabilities like AI-driven experiences.