Form 8-K

8-K — Sports Entertainment Gaming Global Corp

Accession: 0001493152-26-027127

Filed: 2026-06-03

Period: 2026-05-26

CIK: 0001673481

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Entry into a Material Definitive Agreement

Item: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item: Unregistered Sales of Equity Securities

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 OR 15(d)

the Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): May 26, 2026

Sports

Entertainment Gaming Global Corporation

(Exact

Name of Registrant as Specified in Its Charter)

Delaware

001-38508

No.

81-1996183

(State

or Other Jurisdiction

of Incorporation)

(Commission

File

Number)

(I.R.S.

Employer

Identification No.)

5049

Edwards Ranch Rd., 4th Floor

Fort

Worth, Texas

76109

(Address

of Principal Executive Offices)

(Zip

Code)

(737)

787-3798

(Registrant’s

Telephone Number, Including Area Code)

n/a

(Former

Name or Former Address, if Changed Since Last Report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Exchange Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock, par value $0.001 per share

SEGG

The

Nasdaq Stock Market LLC

Warrants

to purchase one share of common stock, each at an exercise price of $2,300.00

LTRYW

The

Nasdaq Stock Market LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Act. ☐

Item

1.01 Entry into a Material Definitive Agreement

May 26, 2026 (the “Closing Date”), Sports Entertainment Gaming Global Corporation (the “Company”) entered into

a Securities Purchase Agreement (the “Purchase Agreement”) with Amorua Global, Inc. (“Amorua” or the “Investor”),

pursuant to which the Company issued to the Investor an unsecured convertible promissory note (the “Note”) in an original

principal amount of $3,500,000.

The

Note bears interest at a rate of 12% per annum and matures 24 months from the Closing Date, unless earlier converted, repaid or otherwise

terminated in accordance with its terms. The Note was issued with an original issue discount of 15%.

Subject

to the terms and conditions of the Note, amounts outstanding under the Note, including accrued interest, may be converted into shares

of the Company’s common stock at a conversion price equal to the lower of (i) the closing price of the Company’s common stock

on the issuance date and (ii) 95% of the lowest daily VWAP of the Company’s common stock during the five business days immediately

preceding the applicable conversion notice, in each case subject to adjustment pursuant to the terms of the Note. The Investor’s

conversion rights are subject to a 9.99% beneficial ownership limitation.

Pursuant

to the Purchase Agreement, the Company agreed to file, within 45 days following execution of the definitive transaction documents, a

registration statement on Form S-1 registering for resale the shares of common stock issuable upon conversion of the Note.

The

Company intends to use the net proceeds from the financing for general corporate purposes, including approximately $500,000 to repay

indebtedness owed under the Alumni Capital note.

The

foregoing descriptions of the Purchase Agreement and the Note do not purport to be complete and are qualified in their entirety by reference

to the full text of such agreements, which the Company intends to file with its next Quarterly Report on Form 10-Q.

Item

2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The

information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item

3.02 Unregistered Sales of Equity Securities

The

information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

May 26, 2026, the Company issued the Note to Amorua Global, Inc. pursuant to the Purchase Agreement described above. The issuance of

the Note, and the shares of common stock issuable upon conversion thereof, were made in reliance upon the exemption from registration

provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 of Regulation D promulgated thereunder. The Investor

represented that it was acquiring the securities for investment purposes and not with a view to or for distribution thereof. The securities

have not been registered under the Securities Act or applicable state securities laws. Pursuant to the Purchase Agreement, the Company

agreed to file a registration statement on Form S-1 covering the resale of the shares of common stock issuable upon conversion of the

Note.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

Sports Entertainment Gaming Global Corporation

By:

/s/

Robert J. Stubblefield

Name:

Robert

Stubblefield

Title:

Interim

Chief Executive Officer

June

3, 2026

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May 26, 2026

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Entity File Number

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Entity Registrant Name

Sports

Entertainment Gaming Global Corporation

Entity Central Index Key

0001673481

Entity Tax Identification Number

81-1996183

Entity Incorporation, State or Country Code

Entity Address, Address Line One

5049

Edwards Ranch Rd., 4th Floor

Entity Address, City or Town

Fort

Worth

Entity Address, State or Province

Entity Address, Postal Zip Code

76109

City Area Code

(737)

Local Phone Number

787-3798

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Common Stock, par value $0.001 per share

Title of 12(b) Security

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Trading Symbol

SEGG

Security Exchange Name

NASDAQ

Warrants to purchase one share of common stock, each at an exercise price of $2,300.00

Title of 12(b) Security

Warrants

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Trading Symbol

LTRYW

Security Exchange Name

NASDAQ

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