FAQ: SEGG Media Corporation's 1-for-10 Reverse Stock Split

What is the main announcement from SEGG Media Corporation?

SEGG Media Corporation’s Board of Directors has approved a 1-for-10 reverse stock split of its issued and outstanding common stock, effective at the opening of trading on August 29, 2025, subject to coordination with NASDAQ, FINRA, and the company’s transfer agent.

Why is SEGG Media implementing a reverse stock split?

The reverse stock split is intended to support SEGG Media’s strategic objectives of attracting institutional investors, improving market structure through tighter spreads and steadier trading volumes, and limiting market manipulation.

When does the reverse stock split take effect?

The reverse stock split is scheduled to take effect at the opening of trading on August 29, 2025, pending final coordination with NASDAQ, FINRA, and the company’s transfer agent.

Was shareholder approval obtained for this reverse stock split?

Yes, shareholder approval for the reverse stock split was obtained at the company’s annual meeting on February 20, 2025.

What are SEGG Media Corporation’s main business operations?

SEGG Media is a global sports, entertainment and gaming group operating a portfolio of digital assets including Sports.com, Concerts.com and Lottery.com, focused on immersive fan engagement, ethical gaming and AI-driven live experiences.

Where can investors find more information about SEGG Media?

The latest news and updates relating to SEGG are available in the company’s newsroom at http://ibn.fm/SEGG, and the full press release can be viewed at https://ibn.fm/V7gXP.

What stock exchanges and ticker symbols does SEGG Media trade under?

SEGG Media trades on NASDAQ under the ticker symbols SEGG and LTRYW for its common stock.

What is the ratio of the reverse stock split?

The reverse stock split is being implemented at a 1-for-10 ratio, meaning every ten shares of common stock will be consolidated into one share.