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Lottery.com Completes Spektrum Ltd Acquisition Deal at a $3 Share Price

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Lottery.com (Nasdaq: LTRY) has completed the acquisition of Spektrum from PlusEvo through a Share Purchase Agreement signed on March 13, 2025. The deal, valued at $1.5 million in common stock at $3 per share, is aimed at supporting Lottery.com's strategic expansion and development of Lottery.com International.

The acquisition provides the company with a compliant platform to support lottery, sweepstakes, and social gaming operations across multiple international jurisdictions. This marks Lottery.com's first closed tech deal of 2025, positioning the company for significant international expansion with an initial focus on Europe, Africa, and Asia.

The acquired proprietary technology is expected to strengthen the company's ability to scale operations worldwide and aligns with their commitment to relaunch ticket sales operations, potentially unlocking greater geographical revenue opportunities for shareholders.

Lottery.com (Nasdaq: LTRY) ha completato l'acquisizione di Spektrum da PlusEvo attraverso un Accordo di Acquisto di Azioni firmato il 13 marzo 2025. L'affare, valutato 1,5 milioni di dollari in azioni ordinarie a 3 dollari per azione, è volto a sostenere l'espansione strategica di Lottery.com e lo sviluppo di Lottery.com International.

L'acquisizione fornisce all'azienda una piattaforma conforme per supportare operazioni di lotteria, concorsi e giochi sociali in diverse giurisdizioni internazionali. Questo segna il primo affare tecnologico chiuso da Lottery.com nel 2025, posizionando l'azienda per una significativa espansione internazionale con un focus iniziale su Europa, Africa e Asia.

La tecnologia proprietaria acquisita si prevede rafforzi la capacità dell'azienda di scalare le operazioni a livello mondiale e si allinea con il loro impegno a rilanciare le operazioni di vendita dei biglietti, sbloccando potenzialmente maggiori opportunità di ricavi geografici per gli azionisti.

Lottery.com (Nasdaq: LTRY) ha completado la adquisición de Spektrum de PlusEvo a través de un Acuerdo de Compra de Acciones firmado el 13 de marzo de 2025. El acuerdo, valorado en 1.5 millones de dólares en acciones comunes a 3 dólares por acción, tiene como objetivo apoyar la expansión estratégica de Lottery.com y el desarrollo de Lottery.com International.

La adquisición proporciona a la empresa una plataforma conforme para apoyar operaciones de lotería, sorteos y juegos sociales en múltiples jurisdicciones internacionales. Esto marca el primer acuerdo tecnológico cerrado por Lottery.com en 2025, posicionando a la empresa para una expansión internacional significativa con un enfoque inicial en Europa, África y Asia.

Se espera que la tecnología propietaria adquirida fortalezca la capacidad de la empresa para escalar operaciones a nivel mundial y se alinee con su compromiso de relanzar las operaciones de venta de boletos, potencialmente desbloqueando mayores oportunidades de ingresos geográficos para los accionistas.

Lottery.com (Nasdaq: LTRY)는 2025년 3월 13일 서명된 주식 매매 계약을 통해 PlusEvo로부터 Spektrum을 인수했습니다. 이 거래는 주당 3달러의 일반 주식으로 150만 달러의 가치가 있으며, Lottery.com의 전략적 확장과 Lottery.com International의 개발을 지원하는 것을 목표로 하고 있습니다.

이번 인수로 회사는 여러 국제 관할권에서 복권, 경품 및 소셜 게임 운영을 지원할 수 있는 준수 플랫폼을 확보하게 됩니다. 이는 2025년 Lottery.com의 첫 번째 기술 거래로, 유럽, 아프리카 및 아시아에 초점을 맞춘 중요한 국제 확장을 위한 회사의 입지를 다집니다.

인수한 독점 기술은 회사의 전 세계 운영 확장 능력을 강화할 것으로 예상되며, 티켓 판매 운영을 재개하려는 그들의 약속과 일치하여 주주에게 더 큰 지리적 수익 기회를 열어줄 수 있습니다.

Lottery.com (Nasdaq: LTRY) a finalisé l'acquisition de Spektrum auprès de PlusEvo par le biais d'un Accord d'Achat d'Actions signé le 13 mars 2025. L'accord, d'une valeur de 1,5 million de dollars en actions ordinaires à 3 dollars par action, vise à soutenir l'expansion stratégique de Lottery.com et le développement de Lottery.com International.

L'acquisition fournit à l'entreprise une plateforme conforme pour soutenir les opérations de loterie, de tirage au sort et de jeux sociaux dans plusieurs juridictions internationales. Cela marque le premier accord technologique conclu par Lottery.com en 2025, positionnant l'entreprise pour une expansion internationale significative avec un accent initial sur l'Europe, l'Afrique et l'Asie.

La technologie propriétaire acquise devrait renforcer la capacité de l'entreprise à étendre ses opérations à l'échelle mondiale et s'aligne avec son engagement à relancer les opérations de vente de billets, débloquant potentiellement de plus grandes opportunités de revenus géographiques pour les actionnaires.

Lottery.com (Nasdaq: LTRY) hat die Übernahme von Spektrum von PlusEvo durch einen am 13. März 2025 unterzeichneten Aktienkaufvertrag abgeschlossen. Der Deal, der mit 1,5 Millionen Dollar in Stammaktien zu je 3 Dollar pro Aktie bewertet wird, soll die strategische Expansion von Lottery.com und die Entwicklung von Lottery.com International unterstützen.

Die Übernahme bietet dem Unternehmen eine konforme Plattform zur Unterstützung von Lotterie-, Gewinnspiel- und sozialen Spieloperationen in mehreren internationalen Jurisdiktionen. Dies markiert den ersten abgeschlossenen Technologiedeal von Lottery.com im Jahr 2025 und positioniert das Unternehmen für eine bedeutende internationale Expansion mit anfänglichem Fokus auf Europa, Afrika und Asien.

Die erworbene proprietäre Technologie wird voraussichtlich die Fähigkeit des Unternehmens stärken, die Operationen weltweit zu skalieren, und steht im Einklang mit ihrem Engagement, die Ticketvertriebsgeschäfte wieder aufzunehmen, was potenziell größere geografische Einnahmemöglichkeiten für die Aktionäre erschließen kann.

Positive
  • Acquisition provides compliant platform for international lottery and gaming operations
  • Deal valued at $1.5M in common stock at $3 per share
  • Strategic expansion into Europe, Africa, and Asia markets
  • Acquisition includes proprietary technology for global scaling
Negative
  • Payment in stock may lead to shareholder dilution
  • Success depends on uncertain international market penetration
  • Multiple regulatory risks across different jurisdictions

Insights

Lottery.com's acquisition of Spektrum represents a strategic technology investment that strengthens the company's international expansion capabilities. The $1.5 million transaction, structured entirely in common stock at $3 per share, is particularly noteworthy given Lottery.com's current trading price of $0.9754.

The valuation discrepancy between the $3 acquisition price and current market price suggests two important implications: first, the seller has significant confidence in Lottery.com's future value appreciation; second, the structure minimizes immediate cash expenditure for Lottery.com, preserving capital resources for future opportunities while still securing critical proprietary technology.

For a company with a micro-cap valuation of approximately $10.3 million, this acquisition represents a substantial 14.6% of its current market capitalization. The strategic importance lies in gaining direct ownership of compliant platform technology that enables lottery, sweepstakes, and social gaming operations across multiple international jurisdictions.

This transaction aligns with the company's stated relaunch strategy and represents a foundation for geographic revenue diversification rather than an immediate revenue contributor. By controlling proprietary technology rather than licensing it, Lottery.com can potentially reduce long-term operational costs while maintaining greater control over product development and regulatory compliance across diverse international markets.

This acquisition represents a pivotal implementation of Lottery.com's international expansion strategy, providing the technological foundation necessary for multi-jurisdictional operations. By acquiring Spektrum , the company has secured critical intellectual property rather than pursuing licensing arrangements that would have created ongoing dependencies and potentially higher long-term costs.

The geographic diversification strategy targeting Europe, Africa, and Asia demonstrates management's recognition of growth limitations in domestic markets. This multi-continental approach is particularly strategic in the lottery sector, where regulatory frameworks vary dramatically by region and country.

The transaction timing - as the first completed deal following their executive summit - signals management's ability to execute on strategic plans and transition from planning to implementation phase. For shareholders, this acquisition addresses a critical capability gap that previously constrained the company's international scalability.

While the $1.5 million valuation may appear modest in absolute terms, the strategic importance of controlling compliant lottery technology across multiple jurisdictions could prove disproportionately valuable if properly executed. The focus on platform compliance suggests appropriate recognition of the regulatory complexities inherent in global gaming operations and demonstrates foresight in establishing a foundation that can navigate diverse regulatory environments.

IP is Key Component for International Operations

FORT WORTH, Texas, March 19, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery and sports entertainment, has completed the acquisition of Spektrum Ltd from PlusEvo Ltd through a signed Share Purchase Agreement (SPA) on March 13, 2025. This acquisition, valued at $1.5 million in common stock at $3 per share, supports Lottery.com’s strategic expansion and the development of Lottery.com International. The acquisition provides the Company with a compliant platform to support lottery, sweepstakes and social gaming operations in dozens of international jurisdictions.

Matthew McGahan, Chairman and CEO of Lottery.com, commented:

"I am delighted about this acquisition. Lottery.com is on track to becoming a globally recognized and trusted brand, and this acquisition is a pivotal step in establishing our international presence. Owning and controlling our proprietary technology strengthens our ability to scale operations worldwide, aligns with our commitment to relaunch Lottery.com’s ticket sales operations, and unlocks greater geographical revenue opportunities—ultimately delivering increased value to our shareholders. This tech deal is the first closed deal of 2025, marking an exciting milestone following our successful executive summit."

This acquisition marks the first of several strategic moves planned for 2025 as Lottery.com pursues further domestic and international expansion. With multi-jurisdictional operations and an initial focus on Europe, Africa, and Asia, the Company is positioned to significantly broaden its brand reach, expand its audience, and accelerate revenue growth in the coming months.

Important Notice Regarding Forward-Looking Statements 

This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on June 4, 2024, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.

This press release was published by a CLEAR® Verified individual.



For more information, please visit www.lottery.com or contact our media relations team at press@lottery.com.

FAQ

What is the value of Lottery.com's acquisition of Spektrum ?

Lottery.com acquired Spektrum for $1.5 million, paid in common stock at $3 per share.

Which markets will LTRY expand into with the Spektrum acquisition?

LTRY will initially focus on expanding into Europe, Africa, and Asia markets.

When did Lottery.com (LTRY) complete the Spektrum acquisition?

The Share Purchase Agreement was signed on March 13, 2025.

What are the main benefits of LTRY's Spektrum acquisition?

The acquisition provides a compliant platform for international lottery operations and proprietary technology for global scaling.

How will the Spektrum acquisition affect LTRY's operations?

It will enable LTRY to support lottery, sweepstakes, and social gaming operations across multiple international jurisdictions.
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