Lottery.com shares fall 10.34% after-hours as ex-CEO pleads guilty to securities fraud.

think> Okay, let's tackle this query step by step. The user wants me to act as a financial analyst and explain why Lottery.com's stock dropped by 10.34% after hours. They provided a bunch of recent news events. My job is to determine which news is relevant, whether it's bullish or bearish, and see if it aligns with the stock's movement. First, I need to process the stock performance: it's a significant drop in after-hours trading. The user has listed several news items. Let me go through each one. Looking at the first reason, there's a news headline about SEGG Media expanding their executive team. The summary mentions a new executive leading Concerts.com and the entertainment portfolio. The stock price here is -12.12%, which is a bigger drop than the 10.34% we're seeing. But this is from 9 hours ago. Then there's another news item about updating the 90-day plan targeting February and March acquisitions. Also -12.12%, 6 days ago. Then a federal court dismissing claims against SEGG Media, also -12.12%, 7 days ago. The corporate name change to Sports Entertainment Gaming Global Corp, also -12.12%, 9 days ago. The closing of a registered direct offering is -12.12%, 16 days ago. Wait, all these news items have a -12.12% associated with them. That might be a formatting error or a repeated percentage. The user might have pasted the same percentage for each news item. But the actual stock movement in the question is -10.34%. So maybe the -12.12% is the stock price before the recent drop? Not sure. But the key is to focus on the most recent news related to the after-hours drop. Looking at the third reason, there's a news item about an ex-CEO pleading guilty to securities fraud. This is from February 3, 2026. The summary mentions that the ex-CEO admitted to inflating revenue and selling shares. This is a significant negative event. The content details that the former CEO of Lottery.com (SEGG) was involved in securities fraud, which would definitely impact investor confidence. Then there's another news item in reason 4 that's a page not found error, so we can ignore that. Now, the after-hours drop happened on January 27, 2026. The news about the ex-CEO pleading guilty was on February 3, which is after the stock movement. So that can't be the cause. Wait, but the dates in the news might be in the future. Let me check the dates again. The user's input has the stock performance as of January 27, 2026, after hours. The news about the ex-CEO is from February 3, 2026. So that's after the stock drop. Therefore, that news isn't the cause. Looking at the other recent news, the latest relevant one before the drop is the corporate name change on January 27, 2026 (9 days ago in the context of the input). Wait, the user's input says "Trading Period: 盘后 after-hour" and the stock performance is as of January 27. The recent news events include the name change on January 27, 2026, which is the same day as the stock drop. The summary for that news says the corporate name was changed to Sports Entertainment Gaming Global Corporation. The stock price here is -12.12%, but maybe that's the price before the news. But the key is to find the news that caused the after-hours drop. The most recent news before the drop is the name change. However, name changes are usually neutral or positive. The user also has a news item about the closing of a registered direct offering on January 20, 2026, which is 7 days before the drop. The Rhea-AI summary mentions that the company withdrew prior financings and terminated a loan agreement, which might be seen as positive (reducing debt), but the stock price was at 42.19% (probably a typo, maybe it's a percentage change but seems too high). Looking at the other recent news, the one about SEGG Media exceeding 100 million views and global expansion was on November 25, 2025, which is over two months prior. The leadership changes in December 2025. The acquisition of Ant Media in November 2025. The Triggy.AI acquisition in November 2025. The NBA expansion in November 2025. The Soccerex Miami sponsorship in November 2025. The Kerala Super League in December.