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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].