Announced
Completed
Financials
Tags
Majority
Friendly
Acquisition
lottery
De-SPAC
Merger
Domestic
Single Bidder
United States
Casinos and Gambling
Private
Reverse Takeover
Completed
Synopsis
Trident Acquisitions, a special purposes acquisition company, completed the merger with Lottery, a online platform to play lottery, in a $526m deal. Upon completion of the transaction, the combined company will be trademarked Lottery.com and its common stock is expected to remain listed on the Nasdaq Stock Market under the new ticker symbol “LTRY.” "With a track record of substantial growth and user base expansion in a relatively short period of time, we are confident that Lottery.com has the ability to cement its place as a leading online platform to both play the lottery and to introduce additional wagering and games of chance worldwide. We believe this transaction will allow Lottery.com to be on a path to reach its true growth potential, and we look forward to working with the team as we introduce their compelling story to the public markets," Vadim Komissarov, Trident CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.