Lottery.com Inc. Regains Compliance with Nasdaq Listing Rule 5620(a)
Lottery.com (NASDAQ: LTRY) has successfully regained compliance with Nasdaq Listing Rule 5620(a) after holding its annual meeting on February 20, 2025. The company had previously received a non-compliance notice on January 10, 2025, but Nasdaq has now closed the matter.
The announcement comes with standard forward-looking statements disclaimers, highlighting various ongoing risks and uncertainties. These include challenges related to internal accounting controls, capital resources, going concern status, and maintaining Nasdaq listing requirements, including the Bid Price Requirement.
Lottery.com (NASDAQ: LTRY) ha ripristinato con successo la conformità con la Regola di Quotazione 5620(a) di Nasdaq dopo aver tenuto la sua assemblea annuale il 20 febbraio 2025. L'azienda aveva precedentemente ricevuto un avviso di non conformità il 10 gennaio 2025, ma Nasdaq ha ora chiuso la questione.
L'annuncio è accompagnato da dichiarazioni standard di avviso sulle previsioni, evidenziando vari rischi e incertezze in corso. Questi includono sfide legate ai controlli contabili interni, alle risorse di capitale, allo stato di continuità aziendale e al mantenimento dei requisiti di quotazione di Nasdaq, inclusi i requisiti di prezzo dell'offerta.
Lottery.com (NASDAQ: LTRY) ha recuperado con éxito el cumplimiento de la Regla de Cotización 5620(a) de Nasdaq después de celebrar su reunión anual el 20 de febrero de 2025. La empresa había recibido previamente un aviso de no cumplimiento el 10 de enero de 2025, pero Nasdaq ha cerrado ahora el asunto.
El anuncio viene con las declaraciones estándar de advertencia sobre las proyecciones, destacando varios riesgos e incertidumbres en curso. Estos incluyen desafíos relacionados con los controles contables internos, los recursos de capital, el estado de continuidad de la empresa y el mantenimiento de los requisitos de cotización de Nasdaq, incluyendo el Requisito de Precio de Oferta.
Lottery.com (NASDAQ: LTRY)는 2025년 2월 20일 연례 회의를 개최한 후 NASDAQ 상장 규정 5620(a)에 대한 준수를 성공적으로 회복했습니다. 이 회사는 2025년 1월 10일에 비준수 통지를 받았으나, NASDAQ은 이제 이 문제를 종결했습니다.
이번 발표는 다양한 지속적인 위험과 불확실성을 강조하는 표준적인 미래 예측 진술 면책 조항과 함께 제공됩니다. 여기에는 내부 회계 통제, 자본 자원, 지속 가능성 상태 및 NASDAQ 상장 요건 유지, 포함된 입찰 가격 요건과 관련된 도전 과제가 포함됩니다.
Lottery.com (NASDAQ: LTRY) a réussi à retrouver sa conformité avec la règle de cotation 5620(a) de Nasdaq après avoir tenu son assemblée annuelle le 20 février 2025. L'entreprise avait précédemment reçu un avis de non-conformité le 10 janvier 2025, mais Nasdaq a désormais clos le dossier.
L'annonce est accompagnée des déclarations standard de non-responsabilité concernant les prévisions, soulignant divers risques et incertitudes en cours. Cela inclut des défis liés aux contrôles comptables internes, aux ressources en capital, à la continuité de l'exploitation et au maintien des exigences de cotation de Nasdaq, y compris l'exigence de prix d'offre.
Lottery.com (NASDAQ: LTRY) hat erfolgreich die Einhaltung der Nasdaq-Listing-Regel 5620(a) wiederhergestellt, nachdem das Unternehmen am 20. Februar 2025 seine Hauptversammlung abgehalten hat. Das Unternehmen hatte zuvor am 10. Januar 2025 eine Mitteilung über die Nichteinhaltung erhalten, aber Nasdaq hat die Angelegenheit nun geschlossen.
Die Ankündigung erfolgt mit den üblichen Haftungsausschlüssen für zukunftsgerichtete Aussagen, die verschiedene laufende Risiken und Unsicherheiten hervorheben. Dazu gehören Herausforderungen im Zusammenhang mit internen Rechnungslegungs- und Kontrollsystemen, Kapitalressourcen, dem Fortführungsstatus und der Einhaltung der Nasdaq-Listing-Anforderungen, einschließlich der Anforderungen an den Angebotspreis.
- Regained compliance with Nasdaq Listing Rule 5620(a)
- Successfully held annual meeting resolving listing requirement
- Ongoing concerns about internal accounting controls
- Risk of maintaining Nasdaq listing requirements including Bid Price
- Going concern status uncertainty
- Capital resource constraints
FORT WORTH, Texas, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY; LTRYW) (“Lottery.com” or “the Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of holding its annual meeting on February 20, 2025, the Company is in compliance with Nasdaq Listing Rule 5620(a) (the “Listing Rule”), The Company had received a notice of non-compliance with the Listing Rule on January 10, 2025. Nasdaq has closed the matter.
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 14, 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.
FAQ
When did Lottery.com (LTRY) regain Nasdaq compliance for Rule 5620(a)?
What Nasdaq rule did LTRY violate in January 2025?
What ongoing challenges does Lottery.com face regarding Nasdaq listing?
What regulatory filings is Lottery.com working to address?
