Sports Entertainment Gaming Global issues $3.5 million convertible note to Amorua Global

Sports Entertainment Gaming Global Corporation

Sports Entertainment Gaming Global Corporation

SEGG

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  • Sports Entertainment Gaming Global entered a Securities Purchase Agreement with Amorua Global on May 26, 2026, issuing a USD 3.5 million unsecured convertible promissory note.
  • Note carries 12% annual interest, matures in 24 months, includes a 15% original issue discount.
  • Conversion price set at the lower of issuance-date close or 95% of the lowest 5-day VWAP; 9.99% ownership cap applies.
  • Company plans to file a Form S-1 within 45 days to register resale shares issuable on conversion.
  • Proceeds earmarked for general corporate purposes, including about USD 500,000 to repay the Alumni Capital note.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sports Entertainment Gaming Global Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-027127), on June 03, 2026, and is solely responsible for the information contained therein.