Sports Entertainment Gaming Global (OTC: LTRYW) notifies SEC of delayed 2025 10-K

Rhea-AI Filing Summary

Sports Entertainment Gaming Global Corporation filed a Form 12b-25 notifying the SEC it cannot timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The company states it is working diligently and expects to file within the fifteen-calendar-day extension permitted by Rule 12b-25.

Key Figures

Fiscal year end: December 31, 2025 Extension period: 15 calendar days Notification date: April 1, 2026 +1 more

4 metrics

Fiscal year end December 31, 2025 Annual reporting period covered by the delayed Form 10-K

Extension period 15 calendar days Permitted extension under Rule 12b-25 the company expects to use

Notification date April 1, 2026 Date the Form 12b-25 was signed by the CFO

Contact phone (650) 823-3727 Phone number listed for Robert J. Stubblefield, CFO

Key Terms

Rule 12b-25, Form 10-K, Form 12b-25

3 terms

Rule 12b-25 regulatory

"expects to file the Form 10-K within the fifteen-calendar-day extension permitted under Rule 12b-25"

Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.

Form 10-K financial

"unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

Form 12b-25 regulatory

"FORM 12b-25 NOTIFICATION OF LATE FILING"

Form 12b-25 is a notice a publicly traded company files with the U.S. Securities and Exchange Commission when it cannot deliver a required periodic report (like a quarterly or annual financial report) on time. It explains the reason for the delay and gives the company a short, temporary window to finish the report without being marked as delinquent; investors watch it because late filings can signal accounting, operational, or control issues that may affect a company’s reliability and stock risk, much like a missed homework deadline can raise concerns about a student’s preparedness.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

SEC File Number: 001-38508

CUSIP NUMBER: 54570M306

(Check One): ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR

For Period Ended: December 31, 2025

	☐	Transition Report on Form 10-K
	☐	Transition Report on Form 20-F
	☐	Transition Report on Form 11-K
	☐	Transition Report on Form 10-Q

For the Transition Period Ended: ________________________

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates:

PART I — REGISTRANT INFORMATION

Sports Entertainment Gaming Global Corporation

Full Name of Registrant

N/A

Former Name if Applicable

5049 Edwards Ranch Rd, 4^th Floor

Address of Principal Executive Office (Street and Number)

Fort Worth, Texas 76109

City, State and Zip Code

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate).

	(a)	☒	The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
	(b)	☒	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)		The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III— NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR or the transition report portion thereof, could not be filed within the prescribed time period.

Sports Entertainment Gaming Global Corporation (the “Company”) is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 within the prescribed time period without unreasonable effort and expense.

The Company is working diligently to complete the Form 10-K and currently expects to file the Form 10-K within the fifteen-calendar-day extension period permitted under Rule 12b-25.

PART IV — OTHER INFORMATION

Name and telephone number of person to contact in regard to this notification:

Robert J. Stubblefield		(650)		823-3727
(Name)		(Area code)		(Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). ☒ Yes ☐ No

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

☐ Yes ☒ No.

If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

Forward-looking Statements

This Form 12b-25 includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including the Company’s ability to file the December 31, 2025 Annual Report on Form 10-K during the extension period. Such forward-looking statements are based on assumptions about many important factors, which could cause actual results to differ materially from those in the forward-looking statements, including those risks identified in the Company’s most recent Form 10-K and Form 10-Q and other SEC filings. Unless otherwise required by applicable law, the Company assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.

Sports Entertainment Gaming Global Corporation

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 1, 2026	By	/s/ Robert J. Stubblefield
	Name:	Robert J. Stubblefield
	Title:	Chief Financial Officer

FAQ

Why did LTRYW file a Form 12b-25?

They filed to notify the SEC of a delayed Form 10-K submission. The company says it cannot complete the annual report without unreasonable effort and expense and expects to use the fifteen-calendar-day extension under Rule 12b-25.

When does LTRYW expect to file the 2025 Form 10-K?

The company expects to file within the fifteen-calendar-day extension. The Form 12b-25 states the company currently expects to file the Form 10-K within that permitted extension period.

Who is the contact for this notification for LTRYW?

The contact is Robert J. Stubblefield, Chief Financial Officer. The Form 12b-25 lists his telephone as (650) 823-3727 and provides him for inquiries regarding the notification.

Does the Form 12b-25 state any anticipated change in results for LTRYW?

No anticipated change checkbox is not marked with details in the excerpt. The form asks whether significant changes are anticipated but does not present a quantitative explanation here.

What is the effective date of LTRYW's Form 12b-25 filing?

The Form 12b-25 is signed and dated April 1, 2026. The signature block shows the notification was executed by CFO Robert J. Stubblefield on that date.