{"url_path":"/sec/segg/8-k/2026-06-03/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-03","source_url":"https://www.sec.gov/Archives/edgar/data/1673481/0001493152-26-027127-index.html","accession_number":"0001493152-26-027127","cik":"0001673481","ticker":"SEGG","issuer_name":"Sports Entertainment Gaming Global Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1673481/0001493152-26-027127-index.html","primary_entity_key":"0001673481","primary_entity_name":"Sports Entertainment Gaming Global Corp"},"word_count":314,"has_tables":true,"body_markdown":"**Item\n1.01 Entry into a Material Definitive Agreement**\n\n** **\n\nOn\nMay 26, 2026 (the “Closing Date”), Sports Entertainment Gaming Global Corporation (the “Company”) entered into\na Securities Purchase Agreement (the “Purchase Agreement”) with Amorua Global, Inc. (“Amorua” or the “Investor”),\npursuant to which the Company issued to the Investor an unsecured convertible promissory note (the “Note”) in an original\nprincipal amount of $3,500,000.\n\n \n\nThe\nNote bears interest at a rate of 12% per annum and matures 24 months from the Closing Date, unless earlier converted, repaid or otherwise\nterminated in accordance with its terms. The Note was issued with an original issue discount of 15%.\n\n \n\nSubject\nto the terms and conditions of the Note, amounts outstanding under the Note, including accrued interest, may be converted into shares\nof the Company’s common stock at a conversion price equal to the lower of (i) the closing price of the Company’s common stock\non the issuance date and (ii) 95% of the lowest daily VWAP of the Company’s common stock during the five business days immediately\npreceding the applicable conversion notice, in each case subject to adjustment pursuant to the terms of the Note. The Investor’s\nconversion rights are subject to a 9.99% beneficial ownership limitation.\n\n \n\nPursuant\nto the Purchase Agreement, the Company agreed to file, within 45 days following execution of the definitive transaction documents, a\nregistration statement on Form S-1 registering for resale the shares of common stock issuable upon conversion of the Note.\n\n \n\nThe\nCompany intends to use the net proceeds from the financing for general corporate purposes, including approximately $500,000 to repay\nindebtedness owed under the Alumni Capital note.\n\n \n\nThe\nforegoing descriptions of the Purchase Agreement and the Note do not purport to be complete and are qualified in their entirety by reference\nto the full text of such agreements, which the Company intends to file with its next Quarterly Report on Form 10-Q."}