Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 44

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 select U.K. legal matters
at the close of business on June 30, 2025, in order to maintain his indepencce as director of the Company. Other than any matters wherein
Mr. Gooding is a named defendant along with the Company, Mr. Gooding strictly provides his opinions on all Board matters, legal or otherwise,
as an independent member of the Board of Directors and in no other capacity, and without any additional compensation from the Company
or its outside general counsel.

During
the quarter ended September 30, 2024, the Company entered into a borrowing arrangement with Robert Stubblefield, the Company’s
Chief Financial Officer, to provide funding for certain operating expenses of the Company. At September 30, 2024 the Loan amount was
$57,682.
Additional amounts were provided by Mr. Stubblefield during the quarter ended December 31, 2024. The loan amount at year end was
$67,941.
The Loan was issued at zero
percent interest. In February of 2025, the Company granted shares 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-S