Core Viewpoint - Lottery.com has regained compliance with Nasdaq Listing Rule 5450(a)(1), confirming a minimum bid price of $1.00 for twenty consecutive business days, marking a significant compliance milestone and reflecting the company's recent momentum [1][2]. Group 1: Compliance and Market Activity - The company maintained a closing bid price of $1.00 or higher from May 21 to June 18, 2025, fulfilling Nasdaq's requirement [1]. - During the compliance period, Lottery.com experienced high trading volumes, with daily volumes often exceeding 30 million shares, and a peak of over 166 million shares on May 27, 2025 [2]. Group 2: Leadership and Strategic Developments - Matthew McGahan, the Chairman and CEO, emphasized that this compliance is a turning point for the company, indicating a visible turnaround and increased market engagement [3]. - The company appointed Tamer Hassan as President of Sports.com Studios, enhancing its media and entertainment division [3]. Group 3: Legal and Investigative Actions - Lottery.com is collaborating with legal advisors to investigate suspected illegal short selling and is prepared to take legal action against any parties involved in stock manipulation [3].
Lottery.com Regains Nasdaq Compliance as Stock Trading Activity Soars