SEGG Media (NASDAQ: SEGG, LTRYW), dba Lottery.com Inc., today announced it has completed a registered direct offering of 2,449,857 shares of its common stock for gross proceeds of approximately $1.7 million, before deducting placement agent fees and offering expenses, with the offering price based on the average closing price for the five trading days prior to Jan. 16, 2026, and closing on Jan. 20, 2026. The Company said it intends to use the net proceeds primarily for general working capital, advancing previously announced acquisitions of revenue-generating, profitable, cash-flow positive businesses, and other corporate purposes. Dawson James Securities Inc. acted as sole placement agent. The Company also announced it has withdrawn from two previously disclosed financing arrangements, including agreeing in principle to terminate its December 2025 note and securities purchase agreement with Evergreen Capital Markets LLC, under which it received $500,000 and will not draw the remaining $2.0 million, and terminating its $150 million loan agreement with United Capital Investments London Limited, which the Company said is not expected to result in significant equity issuances or dilution.
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