FAQ: SEGG Media's Acquisition of Racing Women Assets and Expansion into Women's Motorsport

What is the main announcement in this press release?

SEGG Media’s subsidiary Sports.com Media Group has signed a Letter of Intent to acquire all assets of Racing Women Limited, which supports female drivers in motorsport. The acquisition includes a 51% controlling stake in a new entity holding Racing Women’s assets at a $1 million valuation, with options for full ownership.

Why is this acquisition significant for SEGG Media?

This acquisition positions Racing Women’s intellectual property and global rights as a core asset within SEGG Media’s motorsport expansion strategy. It represents a strategic move into women’s motorsport following the successful inaugural Sports.com Nations Trophy event.

How does this acquisition work structurally?

Sports.com Media will acquire a 51% controlling stake in a new entity that holds Racing Women’s assets, with the transaction valued at $1 million. The agreement includes options to expand to full ownership of the Racing Women assets.

What specific assets are included in this acquisition?

The acquisition includes Racing Women’s intellectual property and global rights. These assets will become part of SEGG Media’s portfolio as they expand into women’s motorsport.

Who are the key parties involved in this transaction?

SEGG Media Corporation (NASDAQ: SEGG, LTRYW) and its subsidiary Sports.com Media Group Ltd are acquiring assets from Racing Women Limited. The transaction follows Racing Women’s participation in the Sports.com Nations Trophy where Jorden Dolischka won the championship.

When did the recent Racing Women competition take place and what were the results?

The inaugural Sports.com Nations Trophy took place at Donington Park, where eight Racing Women competitors represented seven nations. Austria’s Jorden Dolischka claimed the championship, securing a funded drive at the Radical Gulf Cup in Abu Dhabi this November.

What is SEGG Media’s broader business focus?

SEGG Media is a global sports, entertainment and gaming group operating digital assets including Sports.com, Concerts.com and Lottery.com. The company focuses 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. The full press release can be viewed at https://ibn.fm/bHF15.