SplitJul 30, 2026, 11:51 AM
Sports Entertainment Gaming Global Announces 7-for-1 Reverse Stock Split
AI Summary
Sports Entertainment Gaming Global Corporation announced a 7-for-1 reverse stock split of its common stock, effective July 31, 2026. The company filed a Certificate of Amendment with the Delaware Secretary of State to implement this change. Trading on a reverse split-adjusted basis will commence on Nasdaq on August 3, 2026, under the existing symbol "SEGG." The total number of authorized shares will remain unchanged, and proportionate adjustments will be made to outstanding equity awards and warrants. Stockholders entitled to fractional shares will receive a cash payment.
Key Highlights
- Company filed Certificate of Amendment for a 7-for-1 reverse stock split.
- Reverse stock split effective 5:30 p.m. Eastern Time on July 31, 2026.
- Common Stock to trade on split-adjusted basis on Nasdaq starting August 3, 2026.
- Authorized shares of Common Stock will not change due to the split.
- Fractional shares will be paid in cash based on July 31, 2026 closing price.
- Equity awards and warrants will be proportionately adjusted.
Price Impact
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