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Lottery.com Expands Committed Financing Facility with Generating Alpha to $300 Million
Globenewswire· 2025-06-23 14:50
Core Viewpoint - Lottery.com has successfully amended its Stock Purchase Agreement with Generating Alpha Ltd., increasing the financing facility from $100 million to $300 million, which will save the company nearly $12 million over the life of the funding facility [1][2]. Financing Details - The financing facility has been expanded to $300 million, allowing for more accretive, cash-generating acquisitions to support share price growth [8]. - The effective discount rate has improved from 90% to 94%, reducing the effective discount to just 6% [8]. - The removal of the trading cushion provides greater flexibility in capital deployment [8]. - The structure has been simplified to align with investor protections [8]. Strategic Implications - The amendment reflects a deepening partnership with Generating Alpha, which is seen as a vote of confidence in the company's vision [2][3]. - The company aims to use the capital for core operational expenses and to fund revenue-generating acquisitions, enhancing shareholder value [3][4]. - The facility will help accelerate the closing of multiple acquisitions, including Concerts.com, which is expected to transform the company from a micro-cap to a mid-cap platform with real revenue and global visibility [3][4]. Operational Focus - The company has already drawn down $1.87 million from the facility for operational expenses and acquisitions [3]. - There is a focus on evaluating and prioritizing a pipeline of acquisition targets that are cash-flow positive and have tangible assets [4].
Lottery.com Inc. Enters New Era as Turnaround Completes and Strategic Acquisitions Accelerate
Globenewswire· 2025-05-28 13:15
Core Insights - Lottery.com Inc. has received effective registration for its Form S-1, enabling access to a $100 million financing facility to support its growth strategy [1][2] - The company has undergone a significant turnaround, with new leadership restructuring the board and executive team, addressing compliance issues, and establishing innovative business models [2][3] - The CEO stated that the company is now operationally ready and strategically funded to pursue aggressive growth, focusing on revenue generation and asset acquisition [3] Financial Strategy - The financing facility will be used to accelerate revenue growth and acquire assets in gaming, content, media, and live events, with several negotiations already in late stages [4] - The company aims to enhance its balance sheet and income statement through cash-generative acquisitions, marking a disciplined growth phase [4] Five-Year Vision - Lottery.com plans to expand internationally, launch new sweepstakes products, deepen its affiliate program, and build a content and IP ecosystem under Sports.com Studios [4] - The funding from the financing facility and continued support from United Capital Investments Ltd. will underpin these initiatives [4] Market Performance - Following the announcement, Lottery.com's stock surged from $0.70 to a high of $2.64, with over 275 million shares traded [2]
Lottery.com Files Amended Registration Statement on Form S-1
Newsfilter· 2025-04-25 15:30
Core Viewpoint - Lottery.com Inc. has filed an amended registration statement with the SEC for a $100 million stock purchase agreement with Generating Alpha Ltd, aimed at supporting its operational relaunch and expansion into digital entertainment [1][2]. Strategic Highlights - The SPA allows Lottery.com to draw down up to $100 million in capital through common stock sales, providing strategic flexibility for operational resurgence and revenue growth [2]. - The company plans to leverage this funding to execute an aggressive buy-and-build strategy and complete strategic acquisitions across Lottery.com and Sports.com [2]. - The CEO emphasized the company's readiness to capitalize on opportunities in the lottery and sports entertainment sectors, backed by high-value digital assets and financial agility [2]. Operational Plans - Lottery.com is preparing to resume its core domestic lottery operations, restart sweepstakes, and initiate international lottery revenue programs in regions such as Mexico, Africa, Asia, and Europe [4]. - The company aims to target the $2.4 trillion global streaming and sports content market through its Sports.com platform, focusing on original content production and immersive fan engagement [4]. Financial and Compliance Position - The $100 million SPA provides the company with control over capital deployment, allowing for scaling without immediate dilution pressures [4]. - Lottery.com maintains compliance with Nasdaq's listing requirements and SEC regulations, reinforcing its stability as it repositions for growth [4].