Lottery.com Inc. Enters Into Stock Purchase Agreement With PlusEVO Ltd.
Lottery.com (Nasdaq: LTRY) has entered into a Stock Purchase Agreement with PlusEVO to acquire Spektrum in an all-stock transaction valued at $1.5 million. The deal involves issuing 500,000 shares of restricted common stock over 30 months at $3 per share.
The acquisition provides Lottery.com ownership of a technology platform important for its international market expansion, particularly in European, African, and Asian territories. The platform will enable additional game play options beyond standard lottery, enhancing user engagement. This aligns with the Company's plans to launch and generate international revenue by March 31, 2025.
The proprietary technology acquisition aims to maximize operational efficiencies, enhance margins, and drive long-term value creation, supporting the Company's commitment to profitable global growth and near-term revenue generation.
Lottery.com (Nasdaq: LTRY) ha stipulato un Accordo di Acquisto di Azioni con PlusEVO per acquisire Spektrum in una transazione interamente azionaria del valore di 1,5 milioni di dollari. L'accordo prevede l'emissione di 500.000 azioni di azioni ordinarie vincolate nell'arco di 30 mesi a 3 dollari per azione.
L'acquisizione fornisce a Lottery.com la proprietà di una piattaforma tecnologica importante per la sua espansione nel mercato internazionale, in particolare nei territori europei, africani e asiatici. La piattaforma consentirà ulteriori opzioni di gioco oltre alla lotteria standard, migliorando l'engagement degli utenti. Questo è in linea con i piani dell'Azienda di lanciare e generare ricavi internazionali entro il 31 marzo 2025.
L'acquisizione della tecnologia proprietaria mira a massimizzare l'efficienza operativa, migliorare i margini e generare valore a lungo termine, supportando l'impegno dell'Azienda per una crescita globale redditizia e la generazione di ricavi a breve termine.
Lottery.com (Nasdaq: LTRY) ha firmado un Acuerdo de Compra de Acciones con PlusEVO para adquirir Spektrum en una transacción totalmente en acciones valorada en 1.5 millones de dólares. El acuerdo implica la emisión de 500,000 acciones de acciones comunes restringidas durante 30 meses a 3 dólares por acción.
La adquisición proporciona a Lottery.com la propiedad de una plataforma tecnológica importante para su expansión en el mercado internacional, particularmente en territorios europeos, africanos y asiáticos. La plataforma permitirá opciones de juego adicionales más allá de la lotería estándar, mejorando el compromiso del usuario. Esto se alinea con los planes de la Compañía de lanzar y generar ingresos internacionales para el 31 de marzo de 2025.
La adquisición de la tecnología propietaria tiene como objetivo maximizar la eficiencia operativa, mejorar los márgenes y generar valor a largo plazo, apoyando el compromiso de la Compañía con un crecimiento global rentable y la generación de ingresos a corto plazo.
Lottery.com (Nasdaq: LTRY)는 PlusEVO와 주식 매매 계약을 체결하여 Spektrum을 150만 달러의 전량 주식 거래로 인수하기로 하였습니다. 이 거래는 30개월 동안 주당 3달러에 제한된 보통주 500,000주를 발행하는 것을 포함합니다.
이번 인수는 Lottery.com에게 유럽, 아프리카, 아시아 지역에서의 국제 시장 확장을 위한 중요한 기술 플랫폼을 소유하게 해줍니다. 이 플랫폼은 표준 복권을 넘어 추가적인 게임 플레이 옵션을 제공하여 사용자 참여를 향상시킬 것입니다. 이는 2025년 3월 31일까지 국제 수익을 창출하고 출시할 계획과 일치합니다.
독점 기술 인수는 운영 효율성을 극대화하고 마진을 향상시키며 장기적인 가치 창출을 촉진하는 것을 목표로 하여, 회사의 수익성 있는 글로벌 성장과 단기 수익 창출에 대한 약속을 지원합니다.
Lottery.com (Nasdaq: LTRY) a conclu un Accord d'Achat d'Actions avec PlusEVO pour acquérir Spektrum dans une transaction entièrement en actions d'une valeur de 1,5 million de dollars. L'accord implique l'émission de 500 000 actions ordinaires restreintes sur 30 mois à 3 dollars par action.
Cette acquisition permet à Lottery.com de posséder une plateforme technologique importante pour son expansion sur le marché international, en particulier dans les territoires européens, africains et asiatiques. La plateforme permettra des options de jeu supplémentaires au-delà de la loterie standard, améliorant l'engagement des utilisateurs. Cela s'aligne avec les plans de l'entreprise de lancer et de générer des revenus internationaux d'ici le 31 mars 2025.
L'acquisition de la technologie propriétaire vise à maximiser l'efficacité opérationnelle, à améliorer les marges et à favoriser la création de valeur à long terme, soutenant l'engagement de l'entreprise envers une croissance mondiale rentable et la génération de revenus à court terme.
Lottery.com (Nasdaq: LTRY) hat einen Aktienkaufvertrag mit PlusEVO abgeschlossen, um Spektrum in einer vollständig aktienbasierten Transaktion im Wert von 1,5 Millionen Dollar zu erwerben. Der Deal umfasst die Ausgabe von 500.000 eingeschränkten Stammaktien über 30 Monate zu einem Preis von 3 Dollar pro Aktie.
Die Übernahme ermöglicht Lottery.com den Besitz einer wichtigen Technologieplattform für die internationale Markterweiterung, insbesondere in europäischen, afrikanischen und asiatischen Regionen. Die Plattform wird zusätzliche Spieloptionen über die Standardlotterie hinaus bieten und das Nutzerengagement erhöhen. Dies steht im Einklang mit den Plänen des Unternehmens, bis zum 31. März 2025 internationale Einnahmen zu generieren und zu starten.
Die Übernahme der proprietären Technologie zielt darauf ab, die Betriebseffizienz zu maximieren, die Margen zu verbessern und langfristige Wertschöpfung voranzutreiben, um das Engagement des Unternehmens für profitables globales Wachstum und kurzfristige Einnahmengenerierung zu unterstützen.
- All-stock acquisition preserves cash resources
- Technology ownership reduces operational costs
- Platform enables expansion into multiple international markets
- Additional revenue streams through diversified game offerings
- 500,000 new shares create potential dilution for existing shareholders
- Significant execution risk in international expansion
- Material weaknesses in internal controls noted in risk factors
Insights
Lottery.com's strategic acquisition of Spektrum represents a calculated move to vertically integrate its technology stack and accelerate international expansion. The
This premium valuation suggests PlusEVO's confidence in Lottery.com's future appreciation, while the extended distribution schedule aligns interests over the medium term. For a company with a market cap of approximately
The strategic rationale is compelling: owning proprietary technology should enhance margins by eliminating licensing fees while enabling faster market adaptability. By mimicking European, African and Asian competitors' diversified gameplay offerings, Lottery.com positions itself to capture higher customer engagement and potentially increased revenue per user.
Most significantly, this acquisition directly supports the company's previously announced target to generate international revenue by March 31, 2025 - just weeks away. This technology integration eliminates a critical dependency that could have potentially delayed their market entry timeline.
Investors should note that while dilutive in the short term, the transaction structure (
This acquisition marks a pivotal technological pivot for Lottery.com. By acquiring Spektrum's platform, they're eliminating third-party dependency for their international expansion - a classic 'build vs. buy' decision resolved through acquisition. The technology appears specifically designed for non-US markets, suggesting customizations for regulatory frameworks, payment systems, and user experiences across multiple regions.
What's technically significant is the platform's apparent ability to offer expanded gameplay beyond traditional lottery offerings. This capability enables a diversified product mix that can drive higher engagement metrics and potentially reduce customer acquisition costs through improved retention.
Owning this tech stack creates three immediate technical advantages: First, it allows rapid iteration and customization for different markets without negotiating with vendors. Second, it eliminates API integration complexities and potential conflicts between systems. Third, it provides complete data ownership across the customer journey.
From an implementation perspective, the March 31st target for international revenue generation suggests the technology is already substantially integrated into Lottery.com's operations - this wasn't a speculative acquisition but rather formalizing ownership of technology already being utilized.
The expanded gaming capabilities beyond standard lottery offerings represent the most underappreciated aspect of this deal, potentially creating multiple revenue streams per user rather than relying solely on traditional lottery purchases.
NEW TECHNOLOGY PLATFORM TO SUPPORT GLOBAL LOTTERY EXPANSION
FORT WORTH, Texas, March 06, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery and sports entertainment, announces that it entered into a Stock Purchase Agreement with PlusEVO Ltd. to acquire its wholly-owned subsidiary, Spektrum Ltd in an all-stock transaction valued at
Lottery.com’s acquisition of technology tailored specifically for international territories allows it to align and mirror that of many of the European, African and Asia lottery competitors by brining additional game play outside of standard lottery directly to the consumer driving greater end user engagement.
This acquisition is part of the Company’s previously announced plans to launch and generate revenue from international operations by March 31, 2025. Owning its proprietary technology stack allows Lottery.com to maximize operational efficiencies, enhance margins, and drive long-term value creation which reinforces the Company’s commitment to profitable global growth and near-term revenue generation.
Matthew McGahan, Chairman and CEO of Lottery.com, commented:
“It’s a great start to the year to be able to have the technology needed to launch Lottery.com both domestically and internationally. This acquisition brings value everywhere for us, from new market entry, additional revenue lines, increased value from owning more of our own technology to service consumers and of course, delivering more value back to the company’s shareholders. We are very excited to see this evolution of the group unfold from a global expansion perspective but also driving the groups share price by virtue of delivering additional revenue through more global markets.”
For more information, please visit www.lottery.com.
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 (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this press release, regarding the Company’s future financial performance, as well as the Company’s strategy, future operations, revenue guidance, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” 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. Except as otherwise required by applicable law, Lottery.com 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. Lottery.com 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 Lottery.com. In addition, Lottery.com cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the outcome of any legal proceedings that may be instituted against Lottery.com; (ii) Lottery.com’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and Lottery.com’s accounting staffing levels; (iii) the effects of competition on Lottery.com’s future business; (iv) risks related to Lottery.com’s dependence on its intellectual property and the risk that Lottery.com’s technology could have undetected defects or errors; (v) changes in applicable laws or regulations; (vi) risks related to the COVID-19 pandemic and its effect directly on Lottery.com and the economy generally; (vii) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (viii) the possibility that Lottery.com may be adversely affected by other economic, business, and/or competitive factors; (ix) the ability of Lottery.com to achieve its strategic and growth objectives as stated or at all; and (x) those factors discussed in the proxy statement/prospectus filed by Lottery.com with the SEC under the heading “Risk Factors” and the other documents filed, or to be filed, by Lottery.com with the SEC. 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. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Lottery.com 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.
This press release was published by a CLEAR® Verified individual.
FAQ
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