Trident Acquisitions today filed a preliminary proxy and prspectus on an S-4 outlining its proposed merger with AutoLotto (dba “Lottery.com”), a platform to play the lottery online or from a mobile device. The combined business would have an enterprise value of $526 million.
If approved, the merged company is expected to have more than $45 million in cash at closing, assuming no redemptions by the SPAC’s stockholders.
Founded in 2015, Lottery.com offers official state-sanctioned lottery games and is also the world’s largest provider of lottery data to over 400 digital publishers, including hundreds of digital newspapers, television and news sites, and major digital publishers such as Google, Verizon/Yahoo and Amazon’s Alexa devices.
The combined company is expected to list on the Nasdaq under LTRY. Read more.
