Form 8-K
8-K — Sports Entertainment Gaming Global Corp
Accession: 0001493152-26-035388
Filed: 2026-07-30
Period: 2026-07-29
CIK: 0001673481
SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)
Item: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item: Financial Statements and Exhibits
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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)
of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 29, 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
(Commission
(I.R.S.
Employer
of
Incorporation)
File
Number)
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 ☒
If
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
5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On
July 30, 2026, Sports Entertainment Gaming Global Corporation. (the “Company”) filed a Certificate of Amendment (the “Certificate
of Amendment”) with the Secretary of State for the State of Delaware to amend the Company’s Amended Certificate of Incorporation
to effect, effective as of 5:30 p.m. Eastern Time on July 31, 2026, a 7 for 1 reverse stock split (the “Reverse Stock Split”)
of its common stock, par value $0.001 per share (“Common Stock”). At the effective time of the Reverse Stock Split, every
seven shares of Common Stock either issued and outstanding or held as treasury stock will be automatically reclassified into one new
share of Common Stock. The total number of shares of Common Stock authorized for issuance does not change as a result of the Reverse
Stock Split. The Reverse Stock Split was approved by the Company’s stockholders at the Company’s 2025 annual meeting of stockholders
held on February 9, 2026 (the “2025 Annual Meeting”). The Reverse Stock Split ratio was authorized by the board of directors
of the Company (the “Board”) on July 29, 2026, in accordance with the 2025 Annual Meeting. The Common Stock will open for
trading on The Nasdaq Stock Market LLC (“Nasdaq”) on a reverse split-adjusted basis on August 3, 2026, under the existing
trading symbol “SEGG.”
The
new CUSIP number for the Common Stock following the Reverse Stock Split is 54570M405. The par value per share of Common Stock will remain
unchanged at $0.001. The Company’s publicly traded warrants will continue to be traded on Nasdaq under the symbol “LTRYW”
and the CUSIP number for the warrants will remain unchanged.
In
addition, as a result of the Reverse Stock Split, proportionate adjustments will be made to the number of shares of Common Stock underlying
the Company’s outstanding equity awards, the number of shares issuable upon the exercise of the Company’s outstanding warrants
and the number of shares issuable under the Company’s equity incentive plans and certain existing agreements, as well as the exercise,
grant and acquisition prices of such equity awards and warrants, as applicable.
No
fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who would otherwise be entitled to receive
fractional shares as a result of the Reverse Stock Split are entitled to a cash payment (without interest or deduction) in lieu thereof
at a price equal to the fraction of one share to which the stockholder would otherwise be entitled multiplied by the closing price per
share of Common Stock on Nasdaq on July 31, 2026, the date of the effective time of the Reverse Stock Split.
Item
9.01. Financial Statements and Exhibits
(d)
Exhibits
Exhibit
No.
Description
3.1
Sports Entertainment Gaming Global Corporation Amended Certificate of Incorporation.
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document).
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
J. Stubblefield
Title:
Interim
Chief Executive Officer
July
30, 2026
EX-3.1
EX-3.1
Filename: ex3-1.htm · Sequence: 2
Exhibit
3.1
CERTIFICATE
OF AMENDMENT
TO
AMENDED CERTIFICATE
OF
INCORPORATION
OF
Sports
Entertainment Gaming Global Corporation
July
30, 2026
Sports
Entertainment Gaming Global Corporation, a corporation organized and existing under the laws of the State of Delaware (the “Corporation”),
DOES HEREBY CERTIFY AS FOLLOWS:
1.
That the Board of Directors of the Corporation (the “Board”) has duly adopted resolutions (a) authorizing the
Corporation to execute and file with the Secretary of State for the State of Delaware this Certificate of Amendment (the “Certificate
of Amendment”) to the Amended Certificate of Incorporation of the Corporation (the “Certificate of Incorporation”)
setting forth the proposed amendment to the Certificate of Incorporation and (b) declaring the Certificate of Amendment to be advisable
and in the best interests of the Corporation and its stockholders in accordance with Section 242 of the DGCL.
2.
That upon the effectiveness of this Certificate of Amendment, the Certificate of Incorporation is hereby amended as follows: Article
IV, Section 1 of the Certificate of Incorporation of the Corporation is amended and restated in its entirety to read as follows:
“The
total number of shares of all classes of stock that the Corporation shall have authority to issue is 501,000,000, which shall be divided
into two classes as follows:
500,000,000
shares of common stock, par value $0.001 per share (“Common Stock”); and 1,000,000 shares of preferred stock, par
value $0.001 per share (“Preferred Stock”).
Upon
the filing and effectiveness (the “Effective Time”) of this Certificate of Amendment to the Certificate of Incorporation
of the Corporation with the Secretary of State of the State of Delaware, every seven (7) shares of the Corporation’s Common Stock,
either issued and outstanding or held by the Corporation in treasury stock immediately prior to the Effective Time shall, automatically
and without any further action on the part of the Corporation or the respective holder thereof, be combined into one validly issued,
fully paid and non-assessable share of Common Stock (the “Reverse Stock Split”); provided, however,
that no fractional shares of Common Stock shall be issued in connection with the Reverse Stock Split. Stockholders who otherwise would
be entitled to receive fractional shares of Common Stock shall be entitled to receive cash (without interest or deduction) from the Corporation’s
transfer agent in lieu of such fractional share interests upon the submission of a transmission letter by a stockholder holding the shares
in book-entry form in an amount equal to the product obtained by multiplying (a) the closing price per share of the Common Stock
as reported on the Nasdaq Stock Market LLC as of the date of the Effective Time (as defined below), by (b) the fraction of one
share owned by the stockholder.
3.
Thereafter, pursuant to a resolution of the Board, this Certificate of Amendment was submitted to the stockholders of the Corporation
for their approval and was duly adopted and approved in accordance with the provisions of Section 242 of the Delaware General Corporation
Law.
4.
That except as amended hereby, the provisions of the Corporation’s Certificate of Incorporation shall remain in full force and
effect.
5.
This Certificate of Amendment shall be effective as of July 31, 2026, at 5:30 p.m. ET.
IN
WITNESS WHEREOF, Sports Entertainment Gaming Global Corporation has caused this Certificate of Amendment to be duly executed by an officer
thereunto duly authorized, this 29th day of July 2026.
SPORTS
ENTERTAINMENT GAMING GLOBAL CORPORATION
By:
/s/
Robert. J Stubblefield
Name:
Robert
J. Stubblefield
Title:
Chief
Financial Officer and Interim President
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Entity File Number
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Entity Registrant Name
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Entity Central Index Key
0001673481
Entity Tax Identification Number
81-1996183
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
5049
Edwards Ranch Rd.
Entity Address, Address Line Two
4th Floor
Entity Address, City or Town
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Entity Address, State or Province
TX
Entity Address, Postal Zip Code
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City Area Code
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Warrants to purchase one share of common stock, each at an exercise price of $2,300.00
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