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Lottery.com Inc. (NASDAQ:SEGG), currently trading at $6.1 with a market capitalization of approximately $24 million, implemented a 1-for-10 reverse stock split of its common stock, effective as of 5:30 p.m. Eastern Time on August 28, 2025, according to a statement included in a recent SEC filing. InvestingPro data shows the stock has demonstrated significant price volatility, with the shares trading between $2.20 and $26.45 over the past 52 weeks.
Under the terms of the reverse stock split, every ten shares of Lottery.com’s common stock issued and outstanding or held as treasury stock were automatically combined into one new share. The par value per share remains at $0.001, and the total number of authorized shares was not changed by the split.
The company’s common stock began trading on a reverse split-adjusted basis on The Nasdaq Stock Market LLC under its existing ticker symbol SEGG on August 29. The new CUSIP number for the common stock is 54570M306.
Lottery.com’s publicly traded warrants continue to trade on Nasdaq under the symbol LTRYW, with no change to their CUSIP number.
According to the company, proportionate adjustments have been made to the number of shares underlying outstanding equity awards, warrants, and shares issuable under equity incentive plans and certain agreements. Exercise, grant, and acquisition prices for these instruments have also been adjusted as applicable.
No fractional shares were issued in connection with the reverse stock split. Stockholders who would otherwise have received fractional shares are entitled to a cash payment, calculated by multiplying the fraction of a share by the closing price per share of common stock on Nasdaq on August 28, 2025.
The reverse stock split was approved by Lottery.com stockholders at the company’s 2024 annual meeting held on February 20, 2025, and by the board of directors on August 13, 2025.
This information is based on a press release statement contained in the company’s recent SEC filing.
In other recent news, SEGG Media Corporation has announced its plans to acquire a controlling stake in DotCom Ventures for $5 million. This acquisition will give SEGG Media a 51% interest and includes assets like the domain names concerts.com and ticketstub.com. Additionally, the company disclosed agreements to purchase up to 51% of Veloce Media Group, with a minimum initial stake of 12.4%. These strategic moves are part of SEGG Media’s broader efforts to expand its market presence.
Furthermore, SEGG Media has initiated a CUSIP number change to combat alleged short selling, following its recent rebranding from Lottery.com Inc. This action is intended to protect shareholders and modernize the company’s market identity. The company also began trading under the new ticker symbol "SEGG" on the Nasdaq Stock Market. Meanwhile, SEGG Media recently concluded its inaugural Racing Women Training Camp, a four-day event aimed at preparing female drivers for motorsport careers. These developments highlight SEGG Media’s ongoing strategic initiatives and corporate transformations.
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