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Posted On: 07/18/2025 4:07:25 PM
Post# of 67
NetworkNewsBreaks – SEGG Media Corporation (NASDAQ: SEGG, LTRYW) Details Veloce Investment and Quadrant Acquisition in Motorsport Expansion Push
SEGG Media (NASDAQ: SEGG, LTRYW), released further details on its strategic investment in Veloce Media Group, including Veloce’s July 12, 2025 acquisition of Quadrant, a motorsport and content brand co-founded by Formula 1 driver Lando Norris. Funded by the initial tranche of SEGG’s $7.59 million subscription agreement, the deal gives SEGG a 12.4% stake in Veloce and the option to increase to 51% ownership. With Veloce reporting $17.5 million in FY2024 revenue and 750 million monthly digital views, and Quadrant bringing strong brand equity and shareholders like Zak Brown and Adrian Newey, SEGG positions itself for high-growth dominance in digital motorsports media through its Sports.com division.
NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company’s newsroom at https://nnw.fm/SEGG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
SEGG Media (NASDAQ: SEGG, LTRYW), released further details on its strategic investment in Veloce Media Group, including Veloce’s July 12, 2025 acquisition of Quadrant, a motorsport and content brand co-founded by Formula 1 driver Lando Norris. Funded by the initial tranche of SEGG’s $7.59 million subscription agreement, the deal gives SEGG a 12.4% stake in Veloce and the option to increase to 51% ownership. With Veloce reporting $17.5 million in FY2024 revenue and 750 million monthly digital views, and Quadrant bringing strong brand equity and shareholders like Zak Brown and Adrian Newey, SEGG positions itself for high-growth dominance in digital motorsports media through its Sports.com division.
NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company’s newsroom at https://nnw.fm/SEGG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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