SEGG Media Regains Full Compliance with Nasdaq
SEGG Media (NASDAQ: SEGG) announced it has regained full compliance with Nasdaq's continued listing requirements, with Nasdaq confirming the case closed in a notice dated October 16, 2025. The compliance deficiency related to shareholder approval under Listing Rule 5635(c) and equity grants made in 2023–early 2024, which were retroactively aligned under the company’s 2021 Incentive Plan and disclosed to the SEC.
Since new management arrived in May 2023, the company says it rebranded to SEGG Media, executed a multi-vertical acquisition strategy, and had two Form S-1 registration statements declared effective, permitting the company to raise up to $450 million to support global growth across Sports.com, Concerts.com and Lottery.com.
SEGG Media (NASDAQ: SEGG) ha annunciato di aver ripristinato pienamente la conformità ai requisiti di listing continuativo di Nasdaq, con Nasdaq che ha confermato la chiusura del caso in un avviso datato 16 ottobre 2025. La carenza di conformità era relativa all'approvazione degli azionisti secondo la Listing Rule 5635(c) e alle assegnazioni azionarie effettuate nel 2023–inizio 2024, che sono state allineate retroattivamente al Piano Incentivi 2021 dell'azienda e divulgate alla SEC.
Da quando è arrivata la nuova direzione nel maggio 2023, l'azienda afferma di aver cambiato marchio in SEGG Media, di aver implementato una strategia di acquisizioni multi-verticale e di avere due dichiarazioni di registrazione Form S-1 dichiarate efficaci, che hanno permesso all'azienda di raccogliere fino a 450 milioni di dollari per sostenere la crescita globale di Sports.com, Concerts.com e Lottery.com.
SEGG Media (NASDAQ: SEGG) anunció que ha recuperado el pleno cumplimiento de los requisitos de listado continuo de Nasdaq, con Nasdaq confirmando el cierre del caso en un aviso fechado el 16 de octubre de 2025. La deficiencia de cumplimiento estaba relacionada con la aprobación de los accionistas bajo la Regla de Listado 5635(c) y las adjudicaciones de acciones realizadas en 2023–principios de 2024, que fueron alineadas retroactivamente con el Plan de Incentivos 2021 de la empresa y divulgadas a la SEC.
Desde que llegó la nueva dirección en mayo de 2023, la empresa dice que se rebrandearon a SEGG Media, ejecutaron una estrategia de adquisición multi-vertical y tuvieron dos declaraciones de registro Form S-1 declaradas efectivas, permitiendo a la empresa recaudar hasta $450 millones para respaldar el crecimiento global de Sports.com, Concerts.com y Lottery.com.
SEGG Media (NASDAQ: SEGG)는 나스닥의 계속적 상장 요건에 대한 완전한 준수를 회복했다고 발표했으며, 나스닥은 2025년 10월 16일자로 기한이 종료된 사건을 종결로 확인하는 공지를 발표했습니다. 준수 결함은 Listing Rule 5635(c) 하의 주주 승인 및 2023년~2024년 초에 이루어진 주식 보상 부여와 관련되며, 이는 회사의 2021 인센티브 계획에 따라 소급 정렬되었고 SEC에 공시되었습니다.
2023년 5월에 새 경영진이 도착한 이후, 회사는 SEGG Media로 리브랜딩하고 다중 수직 분야의 인수 전략을 수행했으며, 두 건의 Form S-1 등록서가 효력을 얻었다고 밝혔습니다. 이를 통해 회사는 Sports.com, Concerts.com, Lottery.com의 글로벌 성장을 지원하기 위해 최대 $450 million를 조달할 수 있게 되었습니다.
SEGG Media (NASDAQ: SEGG) a annoncé avoir retrouvé une pleine conformité avec les exigences de cotation continues de Nasdaq, Nasdaq confirmant la clôture du dossier dans un avis daté du 16 octobre 2025. Le déficit de conformité concernait l'approbation des actionnaires en vertu de la Listing Rule 5635(c) et les attributions d'actions effectuées entre 2023 et début 2024, qui ont été rétroactivement alignées sur le Plan d'incitations 2021 de l'entreprise et divulguées à la SEC.
Depuis l'arrivée de la nouvelle direction en mai 2023, l'entreprise dit s'être rebaptisée SEGG Media, avoir mis en œuvre une stratégie d'acquisitions multi-sectorielle et avoir deux déclarations d'enregistrement Form S-1 déclarées efficaces, permettant à l'entreprise de lever jusqu'à $450 millions pour soutenir la croissance mondiale de Sports.com, Concerts.com et Lottery.com.
SEGG Media (NASDAQ: SEGG) gab bekannt, dass es die volle Einhaltung der fortlaufenden Börsennotierungsanforderungen von Nasdaq wiedererlangt hat, wobei Nasdaq den Abschluss des Falls in einer Mitteilung vom 16. Oktober 2025 bestätigte. Die Compliance-Lücke betraf die Zustimmung der Aktionäre gemäß Listing Rule 5635(c) und Aktienzuteilungen, die in 2023–Anfang 2024 vorgenommen wurden, welche retroaktiv mit dem 2021 Incentive Plan des Unternehmens in Einklang gebracht und der SEC offengelegt wurden.
Seit dem Antritt des neuen Managements im Mai 2023 sagt das Unternehmen, es habe sich in SEGG Media umbenannt, eine Multi-Vertical-Akquisitionsstrategie verfolgt und zwei Form S-1-Registrierungsstatements für wirksam erklärt erhalten, die es dem Unternehmen ermöglichen, bis zu $450 Millionen zur Unterstützung des globalen Wachstums von Sports.com, Concerts.com und Lottery.com aufzubringen.
SEGG Media (NASDAQ: SEGG) أعلنت أنها استردت الامتثال الكامل لمتطلبات الإدراج المستمر في ناسداك، مع تأكيد ناسداك أن القضية أُغلِقت في إشعار مؤرخ 16 أكتوبر 2025. تتعلق عجز الامتثال بموافقة المساهمين بموجب قاعدة الإدراج 5635(c) ومنح الأسهم الذي حدث في 2023–أواخر 2024، والتي وُسِّعت retroactively وفقًا لـ خطة الحوافز 2021 للشركة وكشفتها لـ SEC.
منذ وصول الإدارة الجديدة في مايو 2023، تقول الشركة إنها أعادت تسمية إلى SEGG Media، ونفذت استراتيجية استحواذ متعددة القطاعات، وصدرت بيانتي تسجيل Form S-1 صالحتين، مما سمح للشركة بجمع حتى $450 مليون لدعم النمو العالمي عبر Sports.com، Concerts.com وLottery.com.
SEGG Media (NASDAQ: SEGG) 宣布已重新达到纳斯达克持续上市要求的全部合规性，纳斯达克在日期为 2025年10月16日 的通知中确认此案已结案。合规缺陷与 5635(c) 规则 的股东批准以及在 2023–2024 年初 期间作出的股权授予有关，这些授予依据公司的 2021 年激励计划 进行追溯调整并向 SEC 披露。
自 2023年5月 新管理层到任以来，公司表示将品牌重塑为 SEGG Media，执行了多垂直领域的并购策略，并有两份 Form S-1 注册声明被宣布有效，使公司能够募集最多 $450 百万美元，以支持 Sports.com、Concerts.com 和 Lottery.com 的全球增长。
- Nasdaq compliance restored; case closed Oct 16, 2025
- Form S-1 filings declared effective enabling up to $450 million raise
- Company was on Nasdaq non-compliant list for over 3 years
- Compliance deficiency related to equity grants in 2023–early 2024
Insights
Regained Nasdaq compliance removes a structural listing risk and clarifies past equity authorization issues.
SEGG Media resolved a Nasdaq Listing Rule 5635(c) shareholder‑approval deficiency and received a formal closure letter dated
The business mechanism is simple: remediation of past equity grants and retroactive alignment to the 2021 Incentive Plan removed a continued‑listing defect, eliminating the immediate regulatory threat to public listing status.
Key dependencies and risks include the accuracy of the retroactive disclosures filed with the SEC and the board’s adherence to governance practices going forward; any future omissions could revive scrutiny quickly. Watch SEC filings and any further Nasdaq correspondence over the next several quarters to confirm sustained compliance.
Nasdaq compliance restoration enables capital access claims and supports planned funding actions.
SEGG Media reports two Form S‑1 registration statements were declared effective, creating a path to raise
Regaining compliance restores investor confidence in listing continuity and removes a barrier to accessing public capital markets; this supports the company’s stated acquisition and revenue plans tied to domains like Sports.com and Concerts.com.
Risks remain around execution: the timing and uptake of any capital raise and the effectiveness of integration for announced acquisitions. Monitor the use of proceeds, actual filings related to an offering, and quarterly SEC disclosures across the next
FORT WORTH, Texas, Oct. 20, 2025 (GLOBE NEWSWIRE) -- SEGG Media Corporation (NASDAQ: SEGG, LTRYW)(the “Company” or “SEGG Media”), the global sports, entertainment, and gaming group is pleased to announce that it has regained full compliance with Nasdaq's continued listing requirements. The Company formally disclosed the compliance notice it received from Nasdaq on on a its Form 8-K filing last Friday. The news marks the first time the Company is fully compliant with Nasdaq since evolving from Lottery.com to SEGG Media with its ticker symbol change to SEGG and launching a new era of growth and revenue generation focused on capitalizing on the Company's strong domains and brands, namely Sports.com, Concerts.com and Lottery.com. The Company will no longer appear on Nasdaq's Non-Compliant list for the first time in over 3 years.
In a formal notice letter received by the Company from Nasdaq on October 16, 2025, the exchange confirmed that the compliance deficiency related to shareholder approval under Listing Rule 5635(c) has been fully resolved and the case is now closed. The issue related equity grants made in 2023 and early 2024, which were later retroactively aligned under the Company’s shareholder approved 2021 Incentive Plan, with proper disclosures filed with the SEC.
“We inherited a company with significant legacy issues and have methodically addressed every item — legal, financial, structural and operationally— bringing SEGG Media in full compliance with Nasdaq,” said Matthew McGahan, Chairman & CEO of SEGG Media. “We’re now in a position of strength and stability that allows us to focus even more on creating shareholder value by pursuing growth, strategic acquisitions, and scale innovation.”
Since the arrival of the current management team in May 2023, SEGG Media has:
- Worked with SEC to cause two Form S-1 Registration Statements to be declared effective, which permits the Company to raise
$450 million to grow its global operations and revenue - Rebranded from Lottery.com to SEGG Media Corporation
- Executed a multi-vertical acquisition strategy across sports, entertainment, esports, and live events
- Regained full compliance with Nasdaq's Continued Listing rules
This compliance confirmation arrives at a time when SEGG Media is ramping up investor communications and focusing on revenue generating activities across its core brands including Sports.com and Concerts.com.
“We set out in 2023 to turn around a troubled public company. We did that and now with the compliance deficiencies cured, our team can focus even more on scaling operations and launching programs that maximize value across our brand portfolio and generate revenue for the Company. What comes next is revenue growth,” added Gregory Potts, COO of SEGG Media.
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, Concerts.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.
Important Notice Regarding Forward-Looking Statements
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, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, 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
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