Lottery.com Inc. (SEGG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: January 20, 2026

Risk Assessment Details

Potential Dilution: 4779.36% of current shares
Recent Dilution: 54.92% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
5M
Potential Supply
240M
Additional shares possible
Splits
None
Past 2 years

Summary

SEGG currently has 5.04M outstanding shares. with significant dilution risk as 241M authorized shares could dilute existing holders by 4779.4%. The company has significantly diluted shareholders by 54.92% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jan 20, 2026

8-K filing: Lottery.com Inc. completed a registered public offering of 2,449,857 shares of common stock at $0.70 per share on January 20, 2026, resulting in gross proceeds of approximately $1.7 million. ($1.7M proceeds)

5M 240M
Nov 26, 2025

S-3/A filing: This S-3/A filing from Lottery.com, Inc. relates to the potential issuance and sale of common stock, preferred stock, depositary shares, debt securities, warrants, purchase contracts, or units up to $300,000,000 in the aggregate, as well as the offer and resale of up to 110,000,000 shares of common stock and 1,068,241 shares of common stock by selling shareholders.

5M 240M
Nov 25, 2025

S-3/A filing: This S-3/A filing registers the offer and sale of common stock and other securities by Lottery.com, Inc. and selling shareholders, including the issuance of up to 110,000,000 shares of common stock and the resale of 1,068,241 shares of common stock by selling shareholders.

5M 410M
Nov 20, 2025

10-Q filing | 5.1M shares outstanding

5.1M 340M
Nov 13, 2025

S-3 filing: This S-3 filing registers the offering and resale of common stock, preferred stock, depositary shares representing preferred stock, debt securities, warrants, purchase contracts or units by Lottery.com, Inc. and selling shareholders.

5M 340M
Aug 07, 2025

8-K filing: Lottery.com Inc. (SEGG Media) entered into an Asset Purchase Agreement with Galaxy Racer Holdings Limited to purchase the GXR Platform and App for $10,000,000, with $5,100,000 to be paid in restricted stock units at $3.00 per share. ($5.1M proceeds)

13M 120M
Jul 22, 2025

8-K filing: Lottery.com Inc. (SEGG Media) entered into a Share Purchase and Sale Agreement with DotCom Ventures Inc. to purchase the entire issued share capital and assets of DVI, with the consideration including cash or restricted stock units of common shares of SEGG Media at a fixed price of $3.00 per share. ($5.0M proceeds)

13M 120M
Jul 16, 2025

8-K filing: SEGG Media Corporation entered into a Subscription Agreement and a Call Option Agreement with Veloce Esports Limited to purchase a minimum of 12.4% up to 51% of Veloce. ($7.6M proceeds)

13M 120M
Jun 23, 2025

8-K filing: Lottery.com Inc. entered into an Amended Stock Purchase Agreement with Generating Alpha Ltd., where the Investor will purchase up to $300,000,000 of the Company's common stock under certain terms and conditions.

13M 120M
Jun 06, 2025

8-K filing: Lottery.com Inc. entered into a Letter of Commitment with Louis Foster for nine races in the 2025 IndyCar Series, including cash and restricted common stock. ($0.06M proceeds)

13M 120M
May 23, 2025

8-K filing: Lottery.com entered into sponsorship agreements with Louis Foster and Callum Ilott for the IndyCar Indy 500 Race, involving cash payments and restricted common stock. ($0.02M proceeds)

13M 120M
May 14, 2025

S-1/A filing: This S-1/A filing relates to the primary offering of an indefinite number of shares of common stock to raise $100,000,000 under a Stock Purchase Agreement and the resale of shares of common stock by selling shareholders.

13M 120M
May 08, 2025

8-K filing: Lottery.com Inc. entered into a Letter of Intent to acquire a minimum of 51% up to 100% of Dotcom Ventures Inc. from Concerts.com Inc. for $5,000,000, potentially payable in cash, restricted stock units, or a combination thereof at a fixed price of $3.00 per share. ($5.0M proceeds)

13M 220M
May 07, 2025

S-1/A filing: This S-1/A filing registers an indefinite number of common stock shares for a primary offering to raise $100,000,000 through a Stock Purchase Agreement, as well as 5,688,622 shares of common stock for resale by selling shareholders.

13M 220M
May 02, 2025

8-K filing: Lottery.com Inc. entered into a Sponsorship Agreement with Sebastain Murray, providing $50,000 in cash and approximately 16,666 shares of common stock valued at $3.00 per share. ($0.05M proceeds)

13M 220M
Apr 25, 2025

S-1/A filing: The company is filing an S-1/A to register an indefinite number of common stock shares for a primary offering to raise $100,000,000 under a stock purchase agreement and to register 5,688,622 shares of common stock for resale by selling shareholders.

13M 220M
Apr 15, 2025

S-1/A filing: The Registrant is registering an indeterminate number of additional shares of common stock that may become issuable as a result of any stock dividend, stock split, recapitalisation or other similar transaction pursuant to Rule 416.

13M 120M
Apr 11, 2025

S-1 filing: This S-1 filing registers an equity line offering for an indefinite number of common stock shares to raise $100,000,000 through a Stock Purchase Agreement, and a resale offering of 5,688,622 common stock shares by selling shareholders.

13M 120M
Mar 11, 2025

8-K filing: Lottery.com Inc. finalized an agreement to acquire Spektrum Ltd. from PlusEVO Ltd. for $1,500,000.00 in restricted stock units of common shares priced at $3.00 per share, payable in five installments. ($1.5M proceeds)

10M 100M
Feb 12, 2025

8-K filing: Lottery.com Inc. entered into a two-year sponsorship agreement with Soccerex LLC, designating Sports.com as the title sponsor for Soccerex's Expositions in 2025 and 2026, with Soccerex receiving 150,000 restricted shares of Lottery.com Inc. Common Stock at $2.00 per share. ($0.3M proceeds)

10M 100M
Jan 16, 2025

POS AM filing: This POS AM filing describes a primary offering of 50,000,000 shares of common stock at $1.00 per share and a secondary offering of 6,270,854 shares of common stock by selling securityholders.

10M 100M
Dec 26, 2024

POS AM filing: This is a POS AM filing for Lottery.com Inc. registering the issuance of common stock for a public offering, shares for sale under a stock purchase agreement, and shares for resale by selling shareholders.

12M 98M
Dec 16, 2024

10-Q filing | 10.6M shares outstanding

11M 160M
Oct 10, 2024

S-1/A filing: S-1/A filing for primary offering of 50,000,000 shares of common stock at $3.00 per share and resale of 6,270,854 shares by selling shareholders.

10M 160M
Sep 26, 2024

S-1/A filing: Lottery.com Inc. is offering 50,000,000 shares of common stock at $3.00 per share in a primary offering, and certain selling shareholders are offering 6,270,854 shares of common stock.

10M 160M
Sep 04, 2024

S-1 filing: Lottery.com Inc. is filing an S-1 to register the issuance of up to 50,000,000 shares of common stock at an offering price of $3.00 per share and the offer and resale from time to time by the selling shareholders of shares of common stock consisting of shares issuable upon conversion of certain convertible notes, shares of common stock issuable upon exercise of the Private Placement Warrants; and shares held by certain officers, directors, employees and consultants of the Company.

10M 160M
Aug 20, 2024

8-K filing: Lottery.com, Inc. finalized an agreement to acquire S&MI, Ltd. (SportLocker.com) for $1,000,000 in restricted stock units of common shares, fixed at $3.00 per share, to be paid out over five payments following the closing of the transaction on September 1, 2024. ($1.0M proceeds)

9.2M 100M
Aug 19, 2024

10-Q filing | 9.2M shares outstanding

9.2M 100M
May 20, 2024

10-Q filing | 4.8M shares outstanding

4.8M 110M
Feb 21, 2024

8-K filing: Lottery.com, Inc. entered into a Memorandum of Understanding with S&MI Ltd. to pay a total of $1,000,000 USD in restricted common stock at a valuation of $3.00 per share to the shareholders of S&MI Ltd. ($1.0M proceeds)

4.7M 110M
Feb 13, 2024

S-3 filing: Primary offering of $100,000,000 of Company Securities and registration of 4,345,404 shares of common stock on behalf of selling shareholders.

4.7M 110M
Feb 09, 2024

8-K filing: Lottery.com entered into a Memorandum of Understanding with WA Technology Group Limited to pay $500,000 in restricted common stock at $3.00 per share for a non-exclusive perpetual single use license for WATG's Lottery Player & Account Management Software. ($0.5M proceeds)

2.5M 100M
Dec 18, 2023

8-K filing: The company entered into a placement agent agreement with Univest Securities, LLC for an offering of units up to $1,000,000, each unit consisting of a convertible promissory note and a common stock purchase warrant. The company also agreed to issue to the Placement Agent a warrant to purchase 10,000 shares of Common Stock at a price of $2.2751. ($0.0M proceeds)

2.5M 100M
Aug 22, 2023

10-Q filing | 2.5M shares outstanding

2.5M 100M
Jun 15, 2023

10-K filing | 50.4M shares outstanding

50M 55M
May 24, 2023

10-Q filing | 50.4M shares outstanding

50M 55M
May 22, 2023

10-Q filing | 50.4M shares outstanding

50M 55M
May 16, 2022

10-Q filing | 46.8M shares outstanding

47M 59M
Apr 01, 2022

10-K filing | 50.7M shares outstanding

51M 55M
Nov 18, 2021

S-1 filing: This S-1 filing registers the issuance of common stock upon exercise of public warrants, shares issuable upon achievement of stock price thresholds, and the resale of common stock by selling stockholders.

50M 56M
Nov 15, 2021

10-Q filing | 50.4M shares outstanding

50M 0
Nov 04, 2021

8-K filing: Initial stockholders of TDAC forfeited 561,932 shares of common stock and 1,150,000 private placement warrants as part of an initial stockholder forfeiture agreement.

12M 0
Aug 16, 2021

10-Q filing | 12.0M shares outstanding

12M 0
Jun 30, 2021

10-Q filing | 12.0M shares outstanding

12M 0
Mar 30, 2021

10-K filing | 12.0M shares outstanding

12M 0
Feb 23, 2021

8-K filing: Trident Acquisitions Corp. entered into a business combination agreement with Trident Merger Sub II Corp. and AutoLotto, Inc. (Lottery.com) where Merger Sub will merge with and into Lottery.com, with Lottery.com as the surviving company and a wholly owned subsidiary of TDAC, and TDAC will issue 40,000,000 shares of common stock to the Lottery.com shareholders.

12M 0
Nov 16, 2020

10-Q filing | 12.0M shares outstanding

12M 0
Aug 07, 2020

10-Q filing | 12.6M shares outstanding

13M 0
May 07, 2020

10-Q filing | 7.1M shares outstanding

7.1M 0
Mar 16, 2020

10-K filing | 7.1M shares outstanding

7.1M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime