Trident Acquisitions and AutoLotto(dba “Lottery.com”), a leading online platform to play the lottery online or from a mobile device, announced they have entered into a definitive agreement for a business combination valued at $526 million.
The combined 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 enables users to play the lottery from their phone and on the go. It 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.
If approved, the combined company is expected to list on the Nasdaq under new ticker symbol LTRY. Read more.
