Welcome to our dedicated page for Lottery Com SEC filings (Ticker: SEGG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Lottery.com, Inc. (SEGG) reported continued operating losses and liquidity strain in its Form 10-Q for the quarter ended June 30, 2025. The company shows working capital of approximately negative $15.3 million and reported a quarterly loss of $3.99 million and a six鈥憁onth loss of $7.28 million. For year ended December 31, 2024 the company recorded a net loss of $28.2 million. Management discloses a substantial doubt about the company鈥檚 ability to continue as a going concern given recurring operating losses and expected additional losses over the next twelve months. The balance sheet includes significant intangible assets and goodwill (goodwill noted at $9.06 million) and prepaid expenses of about $14.46 million. The filing states no marketable securities as of June 30, 2025 and identifies prior impairment charges including $6.71 million of goodwill impairments in 2023. The company discloses multiple strategic and M&A initiatives, including acquisitions in Latin America and transaction agreements related to Veloce, Sports.com and other partnerships and earnout arrangements.
Lottery.com Inc., doing business as SEGG Media, filed an 8-K announcing a definitive Asset Purchase Agreement signed 30 Jul 2025 with Galaxy Racer Holdings (GXR). SEGG will acquire 100% of the GXR platform, app, tech stack, user base and related licenses for a total consideration of US$10 million.
Payment is structured as (1) US$5.1 million in Payment-in-Kind, issued as restricted stock units (RSUs) at a fixed $3.00/share鈥攊mplying potential issuance of c. 1.7 million shares鈥攁nd (2) transfer of 49 % equity in a newly formed subsidiary (鈥淣ewCo鈥�) that will house the acquired assets, valued at US$4.9 million. The RSUs carry full piggy-back registration rights and must be delivered within three business days of closing. Closing date and additional performance conditions remain to be set by the parties. An accompanying press release (Ex. 99.1) is referenced but not included.
No financial statements or pro-forma metrics were provided, and there is no immediate change to SEGG鈥檚 Nasdaq listings (common: SEGG; warrants: LTRYW). The transaction is considered material and is intended to expand SEGG鈥檚 media and gaming capabilities while limiting upfront cash outflow, but it introduces share dilution and cedes nearly half of the new entity.
Lottery.com, Inc. (SEGG) filed a Form 144 indicating an insider鈥檚 intention to sell 148,266 common shares through Charles Schwab at an estimated aggregate value of $171,988.56. The proposed trade date is on or after 25 Jul 2025.
The shares equal roughly 3.1 % of the 4,780,380 shares outstanding and were received on 24 Jan 2024 as director-fee compensation. No other insider sales have been reported in the past three months. Rule 144 requires this advance notice but does not guarantee that the sale will occur.
Given the modest dollar size but meaningful percentage of the float, the filing could apply slight downward supply pressure and may be viewed as a mild negative signal for insider sentiment. The transaction is personal; the company will not receive any proceeds.