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Lottery(LTRY) - 2021 Q1 - Quarterly Report
2021-06-29 22:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to New York, NY 10005 (Address of principal executive offices) (646) 229-7549 (Registrant's telephone number, including area code) Securities registered pursuant ...
Lottery(LTRY) - 2020 Q4 - Annual Report
2021-03-30 21:24
Business Combination - The proposed business combination with Lottery.com involves an aggregate consideration of approximately $444 million, calculated as 40,000,000 shares of common stock at $11.00 per share [138]. - Lottery.com shareholders may receive up to 6,000,000 additional shares based on performance metrics related to the stock price, with specific thresholds set at $13.00 and $16.00 per share [139]. Financial Performance - For the year ended December 31, 2020, the company reported a net loss of $809,047, with operating costs totaling $1,385,738 [148]. - Cash used in operating activities for the year ended December 31, 2020, was $1,848,754, influenced by interest earned on marketable securities and changes in operating assets and liabilities [151]. - The company has not engaged in any operations or generated revenues to date, focusing solely on organizational activities and preparing for the Initial Public Offering [146]. Cash and Securities - As of December 31, 2020, the company had marketable securities held in the trust account amounting to $63,405,336, including approximately $1,537,000 of interest income [150]. - The company had cash of $972,787 held outside the trust account as of December 31, 2020, intended for identifying and evaluating target businesses [154]. - The company intends to use substantially all funds in the trust account for acquiring a target business and related expenses, with remaining proceeds for working capital [153]. - The company may need to raise additional capital through loans or investments from initial stockholders, officers, or directors to meet working capital needs [161]. Debt and Obligations - The company has no long-term debt or capital lease obligations, only a monthly fee of $7,500 to VK Consulting for services [163]. - The underwriter is entitled to a deferred fee of 2.5% of the gross proceeds from the Initial Public Offering, amounting to $5,031,250, payable upon the closing of a Business Combination [164]. - A warrant solicitation fee of 5% of the exercise price of each Public Warrant exercised will be paid to the underwriter, with no maximum limit except for the number of Public Warrants outstanding [165]. Stockholder Equity - Stockholders redeemed an aggregate of approximately $137,130,484 (or approximately $10.48 per share) during the Annual Meeting held on November 26, 2019 [142]. - Common stock subject to possible redemption is classified as temporary equity and presented at redemption value outside of stockholders' equity [167]. - Net (loss) income per common share is calculated using the two-class method, with specific calculations for redeemable and non-redeemable common stock [168]. Investment Strategy - The company has invested the net proceeds from the Initial Public Offering in U.S. government treasury bills and money market funds, minimizing exposure to interest rate risk [170].
Lottery(LTRY) - 2020 Q3 - Quarterly Report
2020-11-16 21:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2020 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38508 TRIDENT ACQUISITIONS CORP. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or ...
Lottery(LTRY) - 2020 Q2 - Quarterly Report
2020-08-07 21:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Issuer's telephone number) Securities registered pursuant to Section 12(b) of the Act: Commission file number: 001-38508 TRIDENT ACQUISITIONS CORP. (Exact Name of Regi ...
Lottery(LTRY) - 2020 Q1 - Quarterly Report
2020-05-07 20:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38508 TRIDENT ACQUISITIONS CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 81-1996183 | | --- | --- | | (State or ...
Lottery(LTRY) - 2019 Q4 - Annual Report
2020-03-16 21:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ________________ Commission file number: 001-38508 TRIDENT ACQUISITIONS CORP. (Exact name of registrant as specified in its charter) | Delaware | 81-1996183 | | -- ...
Lottery(LTRY) - 2019 Q3 - Quarterly Report
2019-11-18 21:11
(MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2019 FORM 10-Q For the transition period from to Commission file number: 001-38508 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 TRIDENT ACQUISITIONS CORP. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation o ...
Lottery(LTRY) - 2019 Q2 - Quarterly Report
2019-08-14 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38508 TRIDENT ACQUISITIONS CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 81-1996183 (State or other jurisdiction of ...
Lottery(LTRY) - 2019 Q1 - Quarterly Report
2019-05-15 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38508 TRIDENT ACQUISITIONS CORP. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or or ...
Lottery(LTRY) - 2018 Q4 - Annual Report
2019-03-26 22:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 77 Water St. Fl 8 New York, NY 10005 (Address of principal executive offices) (Zip Code) or Commission file number: 001-38508 TRIDENT ACQUISITIONS CORP. ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) For th ...