Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 227

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part II, Item 8
Chunk 227
---
 of common stock which repaid the loan in full.

Note
16. Subsequent Events

Corporate
Name Change

On
July 7, 2025. the Company announced that it was rebranding under the name Sports Entertainment Gaming Global Media Corporation
(SEGG) to reflect the broadened focus on three key pillars: sports, entertainment, and gaming. The legal name of the Company will
remain “Lottery.com Inc.” until the formal name change to “SEGG Media Corporation” is approved by the
Company’s shareholders which is expected to occur before the end of September 2025. The Company’s shares began trading
under the ticker symbol (Nasdaq: SEGG) effective July 8, 2025. The Company’s warrants continue to trade under the ticker
symbol (Nasdaq: LTRYW).

Sports.com
All-Sports Arena, designed by David Lloyd

The
Company announced that it had entered into a binding Letter of Intent (“LOI”) with David Lloyd on July 9, 2025. The LOI allows
the Company to acquire the rights to David Lloyd’s All-Sports Area in Boca Raton, FL at a $14 million valuation. The facility is
a 100,000 square-foot brick-built arena already completed in the heart of Boca Raton. The terms of LOI state that the facility will be
branded as “Sports.com All-Sports Arena, designed by David Lloyd.” The venue will be the first of its kind in Florida, blending
state-of-the-art sporting infrastructure with cutting-edge co-working and business amenities.

Veloce
Esports Limited Investment

On
July 14, 2025, the Company announced that it had entered into a Subscription Agreement (the “Subscription Agreement”)
and a Call Option Agreement (the “Call Option”) with Veloce Esports Limited (“Veloce”). The agreements
outline the intent of the Company to purchase a minimum of 12.4% and up to a 51% ownership stake in Veloce. In its most recent fiscal
year ended March 2025, Veloce reported £12.8 million ($17.5 million USD) in revenue. Veloce   has built the world’s
largest racing and gaming media network with more than 750 million monthly digital views and reaches a rapidly growing Gen-Z and millennial
audience.

The
Subscription Agreement calls for the Company to pay Veloce £5,675,444