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New Deal


Announced

Completed

Trident Acquisitions completed the merger with Lottery in a $526m deal.

Financials

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Transaction Value£381m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

Acquisition

lottery

De-SPAC

Merger

Domestic

Single Bidder

United States

Casinos and Gambling

Private

Reverse Takeover

Completed

Synopsis

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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.

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