Segg Gains 12% as Jane Street Stake Tangles With Nasdaq Filing
Sports Entertainment Gaming Global Corporation shares finished up 12.1% at $1.57 on Wednesday, reversing part of Tuesday’s 26.7% slide. The move followed new large-holder disclosures showing Jane Street in the name. U.S. regular session trading hadn’t opened yet Thursday. SEGG is pushing to distance itself from its Lottery.com background and shift focus to sports, media, and gaming, but it's still dealing with a Nasdaq compliance problem tied to a late quarterly filing. The company said in a securities filing that it hasn’t filed a Form 10-Q for the March quarter. That quarterly report tracks recent sales, losses and how much cash a company has.