Sports Entertainment Gaming Global (SEGG) Announces 7-for-1 Reverse Stock Split

What Happened
Sports Entertainment Gaming Global Corporation (SEGG) filed a Certificate of Amendment on July 30, 2026 to effect a 7-for-1 reverse stock split of its common stock, effective at 5:30 p.m. Eastern Time on July 31, 2026. At the effective time every seven shares of common stock (issued, outstanding or in treasury) will be reclassified into one new share. The company’s common stock will begin trading on Nasdaq on a split-adjusted basis on August 3, 2026 under the existing symbol “SEGG.”

Key Details

• Reverse split ratio: 7-for-1, effective 5:30 p.m. ET on July 31, 2026 (Certificate of Amendment filed July 30, 2026).
• Share structure: Par value remains $0.001 per share; total number of authorized shares does not change. New common stock CUSIP: 54570M405.
• Trading and warrants: Common stock to trade adjusted on Nasdaq Aug 3, 2026 under “SEGG.” Publicly traded warrants will continue trading under symbol “LTRYW” with unchanged CUSIP.
• Equity adjustments and fractions: Outstanding equity awards, warrants and incentive-plan share amounts and exercise/grant prices will be proportionally adjusted. No fractional shares will be issued; holders entitled to fractions will receive a cash payment (without interest) equal to the fraction times the Nasdaq closing price on July 31, 2026.

Why It Matters
A reverse stock split reduces the number of outstanding shares and increases the per-share price proportionally; it does not change the company’s market value or authorized share count. For investors, expect a higher per-share trading price and adjusted share counts for holdings, equity awards and warrants after the split. Fractional-share cash-outs will use the July 31, 2026 Nasdaq close to determine payments.