SEGG Media Corporation Announces Next Steps in Corporate Transition with Planned CUSIP Number Change to Strengthen Shareholder Protections
SEGG Media Corporation (NASDAQ: SEGG), formerly Lottery.com, announced plans to change its CUSIP number as part of its corporate transition strategy. The initiative follows the company's recent rebranding and trading symbol change to 'SEGG' and aims to enhance shareholder protection against illicit trading activities, particularly naked short selling.
The company is working with Paul Hastings LLP to investigate potential illegal market activities affecting its stock performance. This move is part of SEGG Media's broader strategy to modernize its market identity and pursue its expansion plans in the sports, entertainment, and gaming sectors.
SEGG Media Corporation (NASDAQ: SEGG), precedentemente nota come Lottery.com, ha annunciato l'intenzione di modificare il proprio numero CUSIP nell'ambito della sua strategia di transizione aziendale. Questa iniziativa segue il recente rebranding e il cambio del simbolo di borsa in 'SEGG' e mira a rafforzare la protezione degli azionisti contro attività di trading illecite, in particolare il naked short selling.
L'azienda sta collaborando con Paul Hastings LLP per indagare su potenziali attività di mercato illegali che influenzano la performance del suo titolo. Questa mossa fa parte della strategia più ampia di SEGG Media per modernizzare la propria identità di mercato e perseguire piani di espansione nei settori sportivo, dell'intrattenimento e del gaming.
SEGG Media Corporation (NASDAQ: SEGG), anteriormente conocida como Lottery.com, anunció planes para cambiar su número CUSIP como parte de su estrategia de transición corporativa. Esta iniciativa sigue a la reciente renovación de marca y al cambio de su símbolo de cotización a 'SEGG' y tiene como objetivo fortalecer la protección de los accionistas contra actividades comerciales ilícitas, especialmente la venta corta desnuda.
La empresa está trabajando con Paul Hastings LLP para investigar posibles actividades ilegales en el mercado que afectan el desempeño de sus acciones. Esta acción forma parte de la estrategia más amplia de SEGG Media para modernizar su identidad en el mercado y avanzar en sus planes de expansión en los sectores de deportes, entretenimiento y juegos.
SEGG 미디어 코퍼레이션(NASDAQ: SEGG), 이전 명칭 Lottery.com은 기업 전환 전략의 일환으로 CUSIP 번호 변경 계획을 발표했습니다. 이 조치는 최근 회사의 리브랜딩과 거래 심볼을 'SEGG'로 변경한 데 따른 것으로, 무허가 공매도 등 불법 거래 행위로부터 주주 보호를 강화하는 것을 목표로 합니다.
회사는 Paul Hastings LLP와 협력하여 주가에 영향을 미치는 잠재적 불법 시장 활동을 조사 중입니다. 이 조치는 SEGG 미디어가 시장 정체성을 현대화하고 스포츠, 엔터테인먼트, 게임 분야에서 확장 계획을 추진하기 위한 광범위한 전략의 일부입니다.
SEGG Media Corporation (NASDAQ : SEGG), anciennement Lottery.com, a annoncé son projet de modifier son numéro CUSIP dans le cadre de sa stratégie de transition d'entreprise. Cette initiative fait suite au récent rebranding de la société et au changement de son symbole boursier en 'SEGG', visant à renforcer la protection des actionnaires contre les activités de trading illicites, notamment la vente à découvert non couverte.
L'entreprise collabore avec Paul Hastings LLP pour enquêter sur d'éventuelles activités illégales sur le marché affectant la performance de ses actions. Cette démarche s'inscrit dans la stratégie plus large de SEGG Media visant à moderniser son identité de marché et à poursuivre ses plans d'expansion dans les secteurs du sport, du divertissement et des jeux.
SEGG Media Corporation (NASDAQ: SEGG), ehemals Lottery.com, kündigte Pläne an, seine CUSIP-Nummer im Rahmen seiner Unternehmensübergangsstrategie zu ändern. Diese Initiative folgt auf das kürzliche Rebranding und die Änderung des Handelssymbols zu 'SEGG' und zielt darauf ab, den Schutz der Aktionäre vor illegalen Handelsaktivitäten, insbesondere dem Naked Short Selling, zu verbessern.
Das Unternehmen arbeitet mit Paul Hastings LLP zusammen, um mögliche illegale Marktaktivitäten zu untersuchen, die die Aktienperformance beeinflussen. Dieser Schritt ist Teil der umfassenderen Strategie von SEGG Media, seine Marktidentität zu modernisieren und Expansionspläne in den Bereichen Sport, Unterhaltung und Gaming voranzutreiben.
- Implementation of protective measures against naked short selling through CUSIP change
- Strategic rebranding completed with new trading symbol SEGG
- Active investigation of illegal trading activities with reputable legal counsel
- Planned roadmap for acquisitions and global expansion
- Ongoing issues with short selling negatively impacting trading performance
- Evidence of potentially unlawful trading activity targeting the stock
Insights
SEGG's CUSIP change aims to combat potential naked short selling and protect shareholders amid corporate rebranding.
SEGG Media Corporation (formerly Lottery.com) is implementing a CUSIP number change as the next phase in its corporate transition following its recent rebranding and ticker symbol change to 'SEGG'. This administrative action serves a dual purpose beyond simple rebranding - it's strategically designed to enhance shareholder protections against what the company describes as potentially illicit trading practices.
The company specifically mentions concerns about naked short selling, a controversial practice where shares are sold short without first being borrowed or ensuring they can be borrowed. This practice can artificially depress stock prices and harm existing shareholders. By changing the CUSIP number - the unique identifier for securities - the company may be attempting to force a reconciliation of outstanding shares, potentially exposing any discrepancies between legitimately issued shares and those being traded improperly.
Working with Paul Hastings LLP, a prestigious law firm, SEGG is investigating what it characterizes as "potentially unlawful activity targeting our stock." This suggests the company has observed trading patterns that raise regulatory concerns. The action signals management's active response to perceived market manipulation while simultaneously completing their strategic repositioning from a lottery-focused business to a broader sports, entertainment, and gaming enterprise.
While CUSIP changes alone cannot prevent determined market manipulation, this move demonstrates management's commitment to addressing shareholder concerns about stock performance and creating more transparent trading conditions as they execute their expansion strategy.
FORT WORTH, Texas, July 16, 2025 (GLOBE NEWSWIRE) -- SEGG Media Corporation, formerly known as Lottery.com Inc., (NASDAQ: SEGG, LTRYW) (“SEGG Media” or the “Company”), a leading technology company transforming the global intersection of sports, entertainment and gaming today announced the next steps in its corporate transition with the initiation of a CUSIP number change in conjunction with the corporate rebrand. This action is designed to protect shareholders, strengthen market transparency and address ongoing concerns around illicit trading activity targeting the company.
The Company recently completed its corporate rebrand and strategic overhaul and began trading under the ticker symbol ‘SEGG’ earlier this month. The upcoming CUSIP change is part of a broader effort to modernize SEGG’s market identity and enhance protections against short selling practices that have negatively impacted its trading performance.
“The company is continuing to work closely with its outside counsel, Paul Hastings LLP, to investigate and pursue potential illegal market activity, including the use of naked short selling,” said Christoper Gooding, Independent Director of SEGG Media and member of the Audit Committee. “The company is taking appropriate regulatory steps to protect its shareholders and ensure fair and orderly market conditions.”
“The CUSIP change represents the next piece of our transition from Lottery.com to SEGG Media,” continued Mr. Gooding. “This step not only aligns with our new corporate identity but also acts as a protective measure in light of the data we’ve seen regarding shorting patterns and potentially unlawful activity targeting our stock.”
SEGG Media remains committed to protecting shareholder value and executing on its aggressive roadmap of acquisitions, innovation and global expansion in the sports, entertainment, and gaming sectors.
For more information, please reference the Form 8-K filed on July 7, 2025 available at SEC.gov or at investors.seggmediacorp.com.
About SEGG Media Corporation
SEGG Media (Nasdaq: SEGG, LTRYW) is a global sports, entertainment and gaming group operating a portfolio of digital assets including Sports.com and Lottery.com. Focused on immersive fan engagement, ethical gaming and AI-driven live experiences, SEGG Media is redefining how global audiences interact with the content they love.
Forward-Looking Statement
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including, but not limited to: the Company’s ability to secure additional capital resources; the Company’s ability to continue as a going concern; the Company’s ability to complete acquisitions; the Company’s ability to remain in compliance with Nasdaq Listing Rules; and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
This press release was published by a CLEAR® Verified individual.
For additional information, visit www.seggmediacorp.com or contact media relations at media@seggmediacorp.com.
FAQ
What is the purpose of SEGG Media's CUSIP number change?
Why did Lottery.com change its name to SEGG Media?
What measures is SEGG taking against illegal trading activities?
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What are SEGG Media's future business plans?
