Alumni Capital LP, Alumni Capital GP LLC, and Ashkan Mapar jointly filed a Schedule 13G with the SEC on November 3, 2026, disclosing beneficial ownership of 462,916 shares of common stock in Sports Entertainment Gaming Global Corp, representing 9.99% of the class.

Key Highlights

  • Aggregate beneficial ownership: Each reporting person - Alumni Capital LP, Alumni Capital GP LLC, and Ashkan Mapar - is reported as beneficially owning 462,916 shares of common stock.
  • Percent of class: The 462,916 shares represent 9.99% of outstanding common stock for each reporting person, reflecting an ownership limitation cap under the convertible note.
  • Source of shares: The shares were acquired, or may be acquired, pursuant to an Unsecured Convertible Promissory Note dated March 16, 2026, between Sports Entertainment Gaming Global Corp and Alumni Capital LP.
  • Current holdings vs. conversion rights: As of the filing date, Alumni Capital LP currently owns 438,676 shares and has the right to acquire an additional 24,240 shares upon conversion of the note, subject to the ownership limitation.
  • Ownership limitation: The fund is prohibited from acquiring shares under the note that would cause its beneficial ownership to exceed 9.99% of shares outstanding.
  • Shares outstanding: The percent of class is calculated based on the issuer's representation that 4,205,728 shares were outstanding as of November 2, 2026, plus 404,984 shares subsequently acquired under the note, plus shares acquirable upon conversion.
  • Voting and dispositive power: All 462,916 shares are held with shared voting power and shared dispositive power; sole voting and sole dispositive power are each reported as zero.

Alumni Capital LP Discloses Convertible Note Position in Sports Entertainment Gaming Global Corp

According to the filing, the three reporting persons - Alumni Capital LP (the "Fund"), Alumni Capital GP LLC (the "General Partner"), and Ashkan Mapar (the "Controlling Person") - collectively reported beneficial ownership of 462,916 shares of common stock in Sports Entertainment Gaming Global Corp (CUSIP: 54570M405). The General Partner serves as the general partner of the Fund, and Ashkan Mapar is identified as the control person of the General Partner. All three are based at 601 Brickell Key Dr., Suite 700, Miami, FL 33131, according to the filing.

The filing states that the shares reported represent shares acquired, or that may be acquired, pursuant to an Unsecured Convertible Promissory Note dated March 16, 2026. The filing discloses that as of the filing date the Fund currently owns 438,676 shares, with the right to acquire an additional 24,240 shares upon conversion of the note, subject to the 9.99% ownership limitation. The 9.99% ownership limitation prohibits the Fund from acquiring shares under the note that, when aggregated with all other shares then beneficially owned by the Fund and its affiliates, would exceed that threshold. The filing notes that the Fund may increase or decrease the ownership limitation to any other percentage not in excess of 9.99% upon written notice to the issuer.

The percent of class is calculated based on the issuer's representation that there were 4,205,728 shares outstanding as of November 2, 2026, plus 404,984 shares the reporting persons have since acquired pursuant to the note, plus shares that may be acquired upon conversion subject to the ownership limitation. The filing includes a disclaimer that "the filing of this report shall not be deemed an admission for purposes of Section 13 of the Securities Exchange Act of 1934," and each reporting person disclaims beneficial ownership except to the extent of their own pecuniary interest.

What Was Disclosed

Alumni Capital LP, Alumni Capital GP LLC, and Ashkan Mapar filed a Schedule 13G on November 3, 2026, disclosing a 9.99% beneficial ownership position - totaling 462,916 shares - in Sports Entertainment Gaming Global Corp, derived from an Unsecured Convertible Promissory Note dated March 16, 2026.