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FAQ: SEGG Media Corporation's $2.5 Million Securities Purchase Agreement
TL;DR
SEGG Media secured $2.5 million to acquire Veloce Media Group, gaining a controlling interest that could enhance its sports and entertainment portfolio for competitive advantage.
SEGG Media closed a $2.5 million securities purchase under an S-3 shelf registration, allocating funds to complete its investment in Veloce Media Group within a 90-day plan.
SEGG Media's funding supports immersive fan engagement and ethical gaming initiatives, aiming to improve how global audiences interact with sports and entertainment content.
SEGG Media, a global sports and gaming group, raised $2.5 million to expand its digital assets like Sports.com and Concerts.com through strategic acquisitions.
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SEGG Media Corporation has closed a $2.5 million Securities Purchase Agreement under a previously filed and effective Form S-3 shelf registration statement.
SEGG Media Corporation is a global sports, entertainment and gaming group operating a portfolio of digital assets including Sports.com, Concerts.com and Lottery.com, focused on immersive fan engagement, ethical gaming and AI-driven live experiences.
The company plans to use the proceeds to execute milestones in its 90-day initiative plan, including completing its investment to acquire a controlling interest in Veloce Media Group.
The Securities Purchase Agreement was closed under a previously filed and effective Form S-3 shelf registration statement, which allows the company to efficiently raise capital through securities offerings.
SEGG Media trades on NASDAQ under the ticker symbols SEGG and LTRYW.
The full press release is available at https://ibn.fm/eXhlu, and the latest news and updates relating to SEGG are available in the company's newsroom at http://ibn.fm/SEGG.
MissionIR is a specialized communications platform that assists IR firms with syndicated content to enhance the visibility of private and public companies within the investment community, and they published this news content about SEGG Media.
SEGG Media focuses on immersive fan engagement, ethical gaming and AI-driven live experiences, operating digital assets including Sports.com, Concerts.com and Lottery.com.
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Curated from InvestorBrandNetwork (IBN)
