Lottery.com, Inc. (LTRY) has released an update.
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Lottery.com has inked a deal with SportLocker.com’s parent company, S&MI Ltd., agreeing to acquire it for $1,000,000 in restricted stock. This will be disbursed in five separate payments, with shares valued at $3 each, starting in June 2024 and concluding in May 2025. Additionally, Lottery.com will invest in SportLocker.com’s branding and user acquisition over the next year, depending on its own capital raising success. This strategic move aims to enhance Lottery.com’s market presence and is detailed in the company’s upcoming annual report.
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