Lottery Com Stock Price, News & Analysis

Lottery.com Inc. has successfully completed its business combination with Trident Acquisitions Corp., with the new company trading on Nasdaq under the ticker symbol LTRY starting November 1, 2021. The merger was approved by Trident's shareholders on October 28, 2021, and Lottery.com received gross proceeds exceeding $63 million, as 99.6% of Trident’s stockholders chose to retain their shares. The company plans to utilize this capital to enhance growth, improve customer acquisition, and expand its service offerings.

Trident Acquisitions Corp. announced that 99.6% of its stockholders retained their shares in a business combination with Lottery.com, leading to over $63 million in gross proceeds. This transaction is expected to close on October 29, 2021, with Lottery.com’s shares starting to trade on Nasdaq as LTRY on November 1, 2021. CEO Tony DiMatteo expressed gratitude for stockholder support and highlighted plans for expansion and strategic acquisitions in both domestic and international markets, aiming to disrupt the traditional lottery industry.

Lottery.com has reported preliminary revenue results for Q3 2021 between $22.0 million and $24.0 million, indicating a sequential growth of over 135% from $9.3 million in Q2 2021. For the first nine months of 2021, total revenues are expected to be between $36.8 million and $38.8 million, with pro forma figures suggesting a growth of over 270% compared to the entire 2020 fiscal year. The growth is attributed to increased sales in its B2B segment. A business combination with Trident Acquisitions is approaching completion, anticipated to further accelerate growth.

Lottery.com announced its business combination with Trident Acquisitions Corp. set for a shareholder vote on October 28, 2021. The SEC has declared effective the Registration Statement related to this merger. Upon completion, the new entity will trade on Nasdaq under the ticker LTRY. CEO Tony DiMatteo highlighted the company’s growth and optimistic future post-merger. Shareholders who wish to participate in the vote must be recorded by October 13, 2021. The definitive proxy statement has been filed and is being disseminated to shareholders.

Lottery.com announces nominees for its Board of Directors in anticipation of its upcoming business combination with Trident Acquisitions Corp, expected in Q4 2021. The proposed board includes experienced professionals from various sectors, enhancing its leadership capabilities. CEO Tony DiMatteo expresses confidence in the newly assembled team, which aims to support Lottery.com’s growth as it transitions to a public entity. Shareholder approval for the nominees will be sought at a special meeting prior to the business combination.

Lottery.com has filed an amended Form S-4 with the SEC for its proposed business combination with Trident Acquisitions Corp.. The filing includes Lottery.com’s Q2 2021 financial statements and updates on the merger process. CEO Tony DiMatteo expressed optimism about the combination's potential for future growth. In addition, an analyst day webcast has been hosted to discuss the merger, showcasing Lottery.com's achievements and future strategies. Interested parties can access the Registration Statement and webcast for further details.

Trident Acquisitions Corp. has updated its investor presentation regarding its merger with Lottery.com, highlighting positive peer valuation metrics and a strong financial outlook for 2021. Preliminary results show an average quarterly revenue growth of approximately 87% over the last four quarters, with expectations for similar growth moving forward. The acquisition of JuegaLotto and Aganar is anticipated to further boost revenue. The updated presentation is accessible via Trident's SEC filings and Lottery.com's investor relations page.

Lottery.com has announced a partnership with Coinstar, enabling Coinstar to promote Lottery.com's products through its extensive network of 4,450 kiosks across several U.S. states, including California and Texas. This collaboration aims to enhance Lottery.com’s affiliate program and expand its user base. CEO Tony DiMatteo highlighted the strategic growth it represents in their business-to-business segment. Coinstar CEO Jim Gaherity expressed confidence in the partnership's potential, emphasizing the mutual benefits for both companies.

Lottery.com and Trident Acquisitions Corp. announced significant revenue growth in Q2 2021, projecting between $9.1 million and $9.6 million in revenue, up from $0.9 million in Q2 2020. Pro forma revenue for the first six months of 2021 is expected to exceed $16.5 million, marking a more than 60% increase compared to 2020. CEO Tony DiMatteo expressed optimism for ongoing growth, while Trident's CEO highlighted their commitment to completing the business combination swiftly.