On March 16, 2026, Sports Entertainment Gaming Global Corporation (the 'Company') announced that it has entered into a Securities Purchase Agreement with institutional investors to issue and sell unsecured convertible promissory notes totaling up to $11,764,705.88. This financing is being conducted through a private placement under Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D. The notes will be issued in multiple tranches, with the initial tranche amounting to $3,529,411.76 funded upon execution of the transaction documents. Subsequent tranches will be funded upon the filing and effectiveness of a registration statement, with additional amounts potentially available until December 31, 2026, subject to mutual agreement between the Company and the purchasers. Each note carries an interest rate of 12% per annum and matures in 24 months. Notably, the notes are convertible into shares of the Company’s common stock at a conversion price based on the lower of the closing sale price on the issuance date or 95% of the lowest daily volume-weighted average price during the five trading days preceding the conversion date, with a floor price set at 20% below the closing sale price on the issuance date. This financing is expected to enhance the Company's liquidity position, allowing for operational flexibility and potential growth initiatives. The Company has also engaged Dawson James Securities, Inc. as the exclusive placement agent for this offering, indicating a strategic move to bolster its financial resources while maintaining investor interest.

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