Sports Entertainment Gaming Global Corp 8-K

What Happened
Sports Entertainment Gaming Global Corporation (SEGG) filed an 8‑K reporting the results of its virtual 2025 Annual Meeting held Feb 9, 2026 (record date Jan 15, 2026). Of 8,850,518 shares entitled to vote, 3,979,239 shares were voted (44.96%). Proposal 1 (a name-change proposal) was withdrawn because the company’s legal name change from Lottery.com Inc. to Sports Entertainment Gaming Global Corporation became effective Jan 27, 2026 when the Delaware Division of Corporations accepted the filing. Proposals 2–8 were each approved with 3,979,239 votes FOR, 0 AGAINST, and 0 ABSTAINED.

Key Details

• Shares entitled to vote (record date Jan 15, 2026): 8,850,518; shares voted: 3,979,239 (44.96%).
• Proposal 1 withdrawn; company name change effective Jan 27, 2026.
• Proposal 2: Election of one Class III director (term to 2028) — approved unanimously.
• Proposal 3: Ratified Boladale Lawal & Co. as independent registered public accounting firm for year ending Dec 31, 2025 and quarterly reviews in 2026 — approved unanimously.
• Proposal 4: Approved potential issuance of shares and warrants that could lead to a change of control and may equal or exceed 20% of outstanding shares (for Nasdaq compliance) — approved unanimously.
• Proposals 5 & 6: Board authorized to effect forward stock splits (2-for-1 to 30-for-1) and reverse stock splits (1-for-2 to 1-for-30), with timing and ratios at the board’s discretion — both approved unanimously.
• Proposal 7: Approved amendment to 2021 Incentive Plan to increase shares reserved to 3,750,000 — approved unanimously.
• Proposal 8: Advisory approval to adjourn the meeting if additional proxies were needed to approve the reverse split — approved unanimously.

Why It Matters
These votes give the board broad flexibility over the company’s capital structure (forward and reverse stock split authority) and authorize the potential issuance of significant shares/warrants that could affect ownership and dilution (including circumstances that may change control). The increase to the incentive-plan pool may also dilute existing holders if awards are granted. Ratification of the auditor ensures continuity of financial oversight. Investors should note the turnout (~45%) and that the company’s name change is already legally effective as of Jan 27, 2026.