Sports Entertainment Gaming Global Corp (SEGG) Form 10-Q — Oct 8, 2026
SEGG Media's fiscal Q1 2026 10-Q discloses that its Audit Committee concluded on October 5, 2026 that prior financial statements require restatement over two connected 2020-2021 'Legacy Transactions.' The company alleges former Trident CEO Vadim Komissarov, aided by three former Lottery.com executives, engineered a circular scheme in which $9 million held in a restricted escrow was recorded as revenue and cash from a purported data sale to Datassure, then routed back through an overstated $10.57 million Global Gaming acquisition.
Key figures
- Revenue
- 1200983
- Total Debt
- 12912966
- Revenue Yoy
- up from $223,849 in Q1 2025 (Veloce acquisition from Feb 17, 2026)
- Total Assets
- 122333161
- Cash Position
- 785905
- Shares Outstanding
- 3413024
- Going concern
- Yes
- Total liabilities
- 54063244
- Veloce acquisition goodwill
- 46161758
- Alumni capital convertible notes
- 11764706
- Restatement overstatement datassure
- 9000000
- Overstated acquisition cost global gaming
- 10572674
AI analysis
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